Worth Reading: The DOJ’s New Parameters for Evaluating Corporate Compliance Programs

The Department of Justice developed new parameters for evaluating companies corporate compliance programs. While a corporate compliance program is crucial for a business, its also very important for the government as it is a factor in prosecution. The DOJ’s corporate compliance evaluation memo lists out over 100 sample questions under 11 headings.   Read the full article on the DOJ’s …

In The News: Former Penn State President Spanier gets jail time in Sandusky case

This grossly under-reported story should alarm top executives of all organizations. Though the sentences were relatively short  — two months in jail plus another two under house arrest — the fact that former President Graham Spanier, Athletic Director Tim Curley and Sr. VP for Finance Gary Schultz will actually be imprisoned for failing to properly address allegations that ass’t football …

Big time CEOs Propose New Principles of Corporate Governance.

Thirteen CEOs major U.S. business and finance corporations (including JPMorgan Chase, Berkshire Hathaway, General Motors, T. Rowe Price and Vanguard) have developed what they call “Commonsense Corporate governance Principles  to make  corporate governance more responsible. Here are key provisions set out in an open letter signed by all 13 CEOs: 1. Truly independent corporate boards are vital to effective governance, so …