Tone at the Top. The top of the organization must actively encourage a compliant culture through out the organization. Managers and employees at all levels must be aware of the executive expectation to discourage pure profit over compliance with laws and regulations. Within a business organization, compliance begins with the board of directors and senior [...]
Do you need a new course on conduct or ethics? A code of conduct and a code of ethics define the company's values, objectives and provide guidance to the responsibilities of the employees. A code of ethics governs decision-making while a code of conduct governs actions for companies to self-regulate. Every code of ethics and conduct is different and [...]
Compliance as a marketing campaign As the Department of Justice and the Securities Exchange Commission increase the number of investigations, corporations ask, “What can we do to prevent corruption?” The solution is… Create a Culture of Compliance to positively influence your employees. International laws such as the FCPA and the UK Bribery Act require companies [...]
Xcelus will be in Dallas for the ASTD 2013 International Conference and Exposition. Xcelus will be demoing their new online learning portal, XPortal. Click here to see our booth location The Xcelus learning portal, XPortal, is designed to be beautifully simple in its ease of use. All of a company’s learning programs can be [...]
Resource Guide to the FCPA. The Department of Justice and the Securities Exchange Commission delivered a 134 page guide to the Foreign Corrupt Practices Act. The Guide is an unprecedented undertaking by DOJ and SEC to provide the public with detailed information about the approach and priorities of the FCPA enforcement. Specific benchmarks were identified [...]
Declination: Sounds like a bad word but actually, it’s what Compliance Officers want to hear. A declination occurs when the SEC or the DOJ determines not to prosecute a company after an investigation. In 2012 the DOJ declared 6 declinations and the SEC called out 11 declinations DOJ explicitly attributed declination decisions when the company self [...]
Conflict of Interest. We've all heard of a conflict of interest but how do we know if we have a conflict of interest? Trick question because it's impossible to determine whether your situation is a conflict because you don't have an independent or objective point of view. If you have any friends or family and you also [...]
Who needs a Code of Conduct? Both private and public companies are required to have a code of business ethics and conduct. The Code is not legal advice and is not to be used as an employee manual of instructions. The ethics standards are provided to encourage a compliant corporate culture and to point the [...]
Xcelus provides custom compliance courses which means the training is created and developed for the specific client needs and will be solely owned by our client. Custom also enables us predict and control the costs of the training courses. For example, for the certification of Conflict of Interest we may decide to do a high cost [...]
As the Department of Justice and the Securities Exchange Commission increase investigations of FCPA violations, companies try to determine the best way to prevent bribery. How about asking the enforcers of the FCPA? Bill Jacobson is a former assistant chief of the Criminal Division Fraud Section of the DOJ. He was a leader of the [...]
