Corporate compliance officers put quite a busy 2018 behind them at the end of the year, getting grips on some head-spinning events ranging from the #metoo movement, to getting up to speed with GDPR compliance regulations, and creating all the policies and procedures that speak to these new concerns and regulations, and how their companies need to address them.
This year's Annual Compliance Week Conference certainly delivered with powerful insights and ideas. Taking over the main floor of the historic Mayflower Hotel, many ethics and compliance professionals were not only looking forward to networking with other industry professionals, they were eager to listen to one speaker in particular.
This was our first year exhibiting at SCCE's CEI event in Las Vegas. As first time exhibitors, we really didn't have previous CEI events to compare this one to. But what this one did have, that previous years didn't, was a heightened sense of perseverance and desire to make our own pockets of our worlds that much stronger and successful.
Canadian oil, gas, and mining companies should be dusting off their compliance programs Starting in 2016, the 'Extractive Sector Transparency Measures Act' (ESTMA) comes into force, and Canada’s oil, gas, and mining companies will be required to start tracking payments to government recipients. This new law will require these companies to disclose payments made to government officials relating to the commercial development of oil, natural gas, or minerals, at home and over seas. Companies that are already required to disclose such payments in other jurisdictions, such as the US and Europe, will be relieved from having to disclose again under the new law. The Act delivers on Canada’s 2013 G8 commitment to contribute to global efforts against corruption in the extractives sector.
His suspicions were justified Most of us read consumer reviews, right? Amazon, eBay, Apple iTunes Store, Google Play Store, etc. According to an annual survey put on by BrightLocal, 88% of consumers trust online reviews. And 85% of consumers read up to 10 reviews before committing to a product or business. High numbers. No wonder Bell Canada took the bull by the horns and encouraged employees to post 'glowing' reviews about it's two phone apps. Around this time last year, Bell Canada launched a new version of a phone app and immediately the response online was electric. The app quickly amassed glowing, five-star reviews on Apple's iTunes App Store. Reviewers often remain anonymous, and because of this the legitimacy of many online reviews is becoming a growing concern in the digital world. If you really take a good hard look at any review, you'll see inconsistencies in spelling, grammar, etc. Well one bright whistleblower noticed something different about these particular reviews - they were too perfect.
A Draft of Guidelines for Competition Compliance Programs, That Also Apply to All Compliance Programs The CADE, the Brazilian competition authority, has issued its draft of guidelines on compliance programs. In the draft guidelines, it mentions that "companies are becoming increasingly aware of the need to implement practices that do not infringe the Competition Law and that demonstrate a proactive attitude of the part of private entities. Due to these factors, the implementation of compliance programs has been multiplying".