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U.S. Dept. of Interior Celebrates National Puppy Day

Risk Management Monitor -

Today, March 23 is National Puppy Day, celebrated by organizations everywhere that benefit from the smarts and loyalty of our canine friends. Dogs assist humans in a number of situations including bomb-sniffing dogs on the battlefield, TSA dogs used in airports to locate contraband and as reported in Risk Management, arson dogs are employed to determine the cause of mysterious fires for both fire and police departments. Seeing eye dogs and service dogs for veterans have important jobs as well.

It turns out that the Dept. of the Interior also has good reason to celebrate our four-legged companions. Dogs do a number of jobs to help the Dept. of the Interior achieve its goals and accomplish its mission of “keeping Indian country, public lands, visitors and wildlife safe.”

Detector dogs work in airports, seaports, mail centers and other critical transportation points. According to the Department: “When people try to smuggle animals or illegal products (such as snakes, sea turtles or rhino horn), U.S. Fish and Wildlife Service’s Wildlife Detector dogs sniff out this hidden contraband. The agency’s seven detector dogs work in entry ports at Anchorage, Chicago, Honolulu, Houston, Los Angeles, Miami and Puerto Rico, increasing the Service’s inspection capabilities and helping surpass what a human team could do by themselves.”

Dogs also pull sleds in Denali National Park and are trained to stop the spread of invasive species and diseases in many areas. Avian botulism, often deadly to birds has become a treat in the Hanalei National Wildlife Refuge in Hawaii, the Department reports. Because the disease is easily spread, the U.S. Geological Survey and U.S. Fish and Wildlife Service are training dogs to track down dead birds infected by avian botulism. These dead birds are then removed before the disease can infect other birds and waterfowl.

According to the Department of the Interior:

At national wildlife refuges, K-9 units ensure the safety of people and other animals. USFWS K-9s have tracked down Alzheimer patients who have gotten lost, sniffed out a hidden rifle used to illegally shoot animals and worked with local law enforcement to track down an armed robbery suspect hiding in water. With a sense of smell and hearing far superior to a human’s, these dogs have proven to be a vital part of the U.S. Fish and Wildlife Service’s mission.

Dogs are welcome in many national parks, but their owners are asked to follow the BARK rules:

B – Bag your waste
A – Always be on a leash
R – Respect Wildlife
K – Know where you can go

The secret life of shell companies

Ethical Boardroom Feeds -

By Steve Goodrich & Ben Cowlick – Members of the Corruption Research Team at Transparency International UK


The Paradise and Panama Papers have given us an unparalleled insight into how fake businesses – often known as ‘shell companies’ – have been used globally to conceal illicit assets, evade sanctions and allow corrupt individuals to enjoy their ill-gotten gains with impunity.

When a luxury London pad or house in the Home Counties is bought with illicit funds, you’re almost certain to encounter a business registered in a secrecy jurisdiction – places where the names of company owners are kept behind closed doors. Many of these can be found in the palm-fringed paradises of the UK’s Overseas Territories and the charming isles of its Crown dependencies. However, recent research by Transparency International UK shows many of these criminal schemes are made possible by those far closer to home.

Through an analysis of 52 major global corruption scandals involving more than £80billion, we identified 766 different UK-registered shell companies playing a key role in transporting illicit funds. Based on what we found, there could be thousands more of these fake businesses being used to move tens of billions in corrupt wealth worldwide. Although this might seem strange at first, the prevalence of UK companies in these schemes is no coincidence. They have been hand-picked by criminals and here’s why.

Scratching the surface

Companies registered in the UK offer instant legitimacy. Its reputation as a respectable international business hub is well known. Because of this, companies registered here are often deemed lower risk by banks and other businesses interacting with them. Without proper due diligence checks, this can allow them to cause some serious damage. In one scheme alone, uncovered by the Organised Crime and Corruption Reporting Project (OCCRP), 17 UK banks handled more than half a billion pounds worth of suspicious wealth emanating from Eastern Europe, which was being channelled by hundreds of UK-registered shell companies.

With the aid of British banks, these companies were able to disperse the money through investments spanning fine furs to private school fees, sometimes to unsuspecting recipients. When talking about the funds it received from the scheme, Millfield School – a prestigious private school in Somerset – said: “The payment was made from a UK bank account and did not appear in any way suspicious at the time.”

Businesses failing to understand their clients and customers allow this mistake to be repeated.

Swift incorporations

Far from being an indicator of respectability, anyone can form a UK company from anywhere in the world. And it’s cheap. While a Panamanian company will set you back around £1,000, you can go online and form a UK company yourself for £12 in a matter of minutes. If you incorporate direct through Companies House there are no due diligence checks on who you are – you’d encounter less ID checks than boarding a flight.

In theory, registering via a regulated agent – otherwise known as Trust and Company Service Providers (TCPSs) – is more secure as they are required by law to undertake money-laundering checks on all customers. However, recent studies have shown that these rules are often ignored or applied sporadically by the sector.

Company factories

We have found a number of formation agents who have been creating secretive corporate structures using UK companies on an industrial scale without even being registered with a money-laundering supervisor – a legal requirement. Indeed, a quarter of the agents listed on Companies House’s website as bulk incorporators were unregistered. Even a handful of these rogue agents can help shift billions of illicit funds in a relatively short period of time.

Lax supervision

Even those TCSPs that are registered with a money-laundering supervisor are not sufficiently incentivised to carry out thorough checks on their clients. The last available information published by HMRC showed its fines for non-compliance in 2014/2015 averaged just over £1,100, peanuts compared to the profits to be made moving illicit money around the globe. This could explain why the sector has been so poor at reporting suspicious activity – which is required by law – to the UK’s National Crime Agency (NCA). According to the latest available data, as a whole the sector submitted just 74 reports over 12 months between 2015 and 2016. Based on the evidence we have, this is likely to be only a small fraction of potential suspicious activity within this industry.

“We have found a number of formation agents who have been creating secretive corporate structures using UK companies on an industrial scale without even being registered with a money-laundering supervisor — a legal requirement”

To make matters worse, money launderers are not confined to choosing a UK-based TCSP. Thanks to the ease of online incorporations, UK companies can be set-up from anywhere in the world. This global activity has not been accounted for in law, with non-UK TCSPs not bound by UK money-laundering regulations, but by those of the jurisdiction in which they operate. Relying on other jurisdictions to enforce money- laundering rules poses significant risks. Whilst the UK’s performance in this area has been poor, other countries’ has been worse.

Less than a quarter of countries assessed by the Financial Action Task Force – an international body that assesses countries’ money-laundering defences – had sufficient systems to prevent the setting up and abuse of shell companies. This means that the UK is relying on weak money-laundering systems to protect the integrity of its own company register.

To compound all of the above is the wholesale trade of companies between agents, which makes it unclear who should have undertaken due diligence checks and at what point in the process. Recent revelations have shown how this trade works, with agents buying ‘off-the-shelf’ packages of companies from each other, depending on their client’s needs. This explains why UK agents were the second most popular intermediaries of choice for Mossack Fonseca – the infamous law firm at the centre of the Panama Papers scandal.

Although the size of this wholesale market is unknown, based on our research we think it could involve thousands – if not tens of thousands – of UK companies. As long as these practices continue, the risks carried by companies formed and sold in this way continue to be significant.

What is being done

From 2017, most legal entities incorporated in the UK have to reveal the names of their ultimate beneficiaries to Companies House. This is published on the persons of significant control (PSC) register. Available via the Companies House website, PSC has added an essential insight into who might be hiding behind the corporate veil.

“While giving the appearance of a UK legal entity, tens of thousands of firms registered here represent little more than secretive offshore companies within a UK ‘wrapper’”

As with all new things, there are some teething problems. Currently, just six people at Companies House are tasked with tackling non-compliance with company law and it does not verify what it is submitted. Despite this, the benefits of a public register mean that the business community and civil society can interrogate the data and provide feedback to Companies House which can then make changes to improve the quality of data. In partnership with investigative journalists, we at Transparency International UK have submitted details of hundreds of companies we think are trying to evade these new transparency rules.

To help navigate and interpret what is currently being published, there are a number of characteristics that can help identify if a UK company might be involved in money laundering. Based on what we have seen from our research, here are some tips and pointers on what to look out for.

Offshore via the UK

While giving the appearance of a UK legal entity, tens of thousands of firms registered here represent little more than secretive offshore companies within a UK ‘wrapper’. In the past, Limited Liability Partnerships (LLP) and Scottish Limited Partnerships (SLPs) have been popular vehicles for money launderers because they can be controlled by two secretive offshore corporate partners – for example, companies based in the British Virgin Islands or Belize (thus hiding the ultimate owner) – and their minimal reporting requirements.

In recent years, both LLPs and SLPs have been brought within the scope of the UK’s PSC register, making it harder for money launderers to hide using UK companies without lying to Companies House and breaking the law. However there are still those who are intent on ignoring these rules by not reporting a PSC or putting the name of some unsuspecting individual as their beneficial owner. So if something doesn’t seem right about a company, there are a number of details to check in order to give you peace of mind.

Location, location, location

Mail forwarding and virtual offices are an essential and legitimate part of many businesses. They are also a constant feature of companies we found to be involved in financial wrongdoing. Providing a superficial layer of legitimacy, as well as distance from the ultimate owner of the company, certain addresses appear repeatedly in Companies House data. Half of the 766 UK companies we identified in our research were registered at just eight addresses, with 105 based at a single rundown office in Potters Bar. The concentration of these shell companies in a relatively small number of places clearly show hotspots of poor due diligence, which allow money laundering activity to go unchecked.

Often these addresses house hundreds, if not thousands, of other companies whose purpose or real owners are not immediately apparent. So, if you aren’t sure about a potential business client, it might be worth checking their registered address and the background of other companies based there. These ‘company factories’ are often semi-permanent fixtures, with batches of entities dissolved en masse, often after a big corruption scandal has been exposed. With this in mind, it’s worth using data from Companies House or third-party tools like OpenCorporates to identify the rate of incorporations and dissolutions at suspicious addresses. Cross-referencing this data with your list of clients might produce some red flags for further investigation.

Nominee directors

Whilst nominee directors don’t technically exist in the UK – with directors legally responsible for the actions of a company – this has not deterred money launderers from using proxy directors to keep their names off the paperwork. Some of these proxies have become synonymous with wrongdoing, such as Ian Taylor, infamous for – among a myriad of money-laundering schemes – directing a company used to help North Korea evade sanctions.

If enforced properly, the UK’s PSC register mitigates the threat of proxy directors, but there is still a long way to go for Companies House to ensure these rules are implemented in practice. A quarter of the firms we identified in our research remain active today and have found a variety of ways to flout company law. If you come across companies with a suspicious director on the UK register, it is worthwhile checking as many sources as possible – from elsewhere on Companies House to the ICIJ’s Offshore Leaks database – to try and identify if the name on the screen you are dealing with is likely to be the real person controlling the company.

Follow the money

Where a company does its banking can tell you as much as anything you find on Companies House, possibly more. Our research found that money launderers based in Eastern Europe have taken advantage of the relationships between some TCSPs and Baltic banks specialising in ‘financial logistics’ (in layman’s terms this means moving money around the world). As a result, lots of UK companies – particularly LLPs and SLPs – have been sold with Baltic Bank accounts as a package. By doing this, those who control these firms gain access to the global financial system without undergoing the same level of due diligence carried out at UK banks.

Becoming a beacon for responsible business

Companies based in the UK might not be as clean as we would like to think. The 766 firms we identified are likely to be just the tip of the iceberg in terms of the widespread abuse of UK legal entities. Thousands of other suspicious firms are still active, which share the same address, proxy directors and corporate partners as those we identified. These companies and the system that allows their creation represent an ongoing threat both to the UK’s international reputation as a clean and safe place to do business, as well as those around the world who suffer from the corruption and other crimes facilitated by these firms.

With Brexit just around the corner, the UK can ill-afford to develop a reputation as a place to do business for money launderers and crooks. To address this threat and become a beacon of responsible business around the world, we need data at Companies House that can be relied on and a well-regulated company service sector that can guard against criminal elements looking to hijack our financial system.


About the Authors:

Steve Goodrich works in the Transparency International UK research team, looking into both corruption within the UK and the role the UK plays in overseas corruption. This work includes research into how corrupt wealth from overseas can be hidden within the UK, in particular the UK property market, as well as the complicity of the UK’s professional services and financial institutions in moving and concealing this ill-gotten wealth.

Ben Cowdock works in the Transparency International UK research team, looking into both corruption within the UK and the role the UK plays in overseas corruption. This work includes research into how corrupt wealth from overseas can be hidden within the UK, in particular the UK property market, as well as the complicity of the UK’s professional services and financial institutions in moving and concealing this ill-gotten wealth.

Construction Injuries and the Impact of OSHA Rules and Regulations

The Compliance & Ethics Blog -

By Tim Mullahy Executive Vice President and Managing Director, Liberty Center One Having a safe workplace is a fundamental right for all workers in the U.S. In order to provide a base of standards and regulations to protect employees, Congress established the Occupational Safety and Health Administration (OSHA) under the Department of Labor. Due to […]

Breaking News in the Industry: March 23, 2018

Loss Prevention Media -

Police bust cargo theft ring

New Jersey State Police say they’ve dismantled a cargo theft trafficking ring and recovered more than $1 million worth of merchandise. The 11 arrests came about after a five-month investigation that started when detectives began probing the theft of a tractor-trailer that contained $104,000 worth of meat. That ultimately led them to the organized theft ring. Authorities say ring members transported stolen tractor-trailers to specific locations where members loaded and offloaded stolen cargo and also stored the stolen tractor-trailers. Sixteen loads of stolen cargo were eventually recovered, including clothing, granite, home goods, landscaping equipment and food products. [Source: GoByTruck News]

Suspect in jewelry store theft arrested

Police in Longview, Texas, have arrested a man wanted in connection with a Zales jewelry store theft in Tyler, Texas. Investigators from several law enforcement agencies believe James Albert Oliver, 49, of Longview, was the man who carried out the theft. Tyler police obtained a warrant for Oliver’s arrest on Monday. Longview police arrested him the same day at a hotel where he was staying. Tyler police began investigating the theft on Dec. 28 when a store employee told them a man wearing a uniform resembling a UPS employee entered the store and asked if there were any outgoing packages of jewelry for him to pick up. Police said an employee gave the man a package containing jewelry valued at $63,000. The suspect left the store with the property, according to police. Oliver was charged with theft of property valued at $30,000 but less than $150,000. Oliver also was wanted on outstanding warrants out of Gregg County and Columbia County, Florida. He was booked into the Gregg County Jail where he is being held on bonds totaling $1 million   [Source: Tyler Morning Telegraph]

Shoplifting pair not fast enough to evade arrest

Police in Illinois said a man and woman shoplifted more than $600 worth of clothes from the Von Maur store in the Hickory Point Mall on Tuesday and then tried to run off with them, pursued by store loss prevention. The 48-year-old woman and the man, age 38, were losing the race and threw the clothes into the parking lot as they fled, according to a signed police affidavit from Macon County sheriff’s deputy Justin Lilly. “Deputies later located the subjects … lying down in the backseat of a passenger car, attempting to hide,” Lilly wrote. Deputies reviewed a store surveillance video that showed the woman selecting armfuls of clothes and then making a break for it with the man, the affidavit said. Interviewed later at the Macon County Law Enforcement Center, Lilly said the woman described how the man told her to select the clothes for him. “She advised it was his idea to steal the clothing, and when they approached the exit to the store, he told her to ‘run’ with the merchandise in hand,” Lilly wrote, Police also interviewed the man, but he told them he “did not wish to speak about this incident.”  Both were booked on preliminary retail theft charges involving clothing worth more than $300. Preliminary charges are subject to review by the state’s attorney’s office. The woman is free after posting $5,000 bond, but the man remained in the Macon County Jail Wednesday, where he is being held without bond.  [Source: Herald & Review]

Shoplifting suspect arrested after Tazer fails…twice

An Oklahoma man accused of shoplifting at Walmart is tackled by a Tulsa County deputy. We’re told 33-year old James Earls had been tazed and tackled twice after he ran onto the parking lot at the store near 71st and Memorial. TCSO Capt. John Bryant said, “The Tazer did not work and the deputy feels it was because the individual had a very poofy baggy coat.” Earls had a BB pistol, BBs and gun oil in his possession when he was arrested around midnight Thursday  morning. Earls was booked on possession of controlled drugs, larceny, obstruction and resisting arrest. He also had an outstanding warrant. [Source: KRMG News]

Police seek well-traveled pickpockets

Police in Everett, Washington, are searching for a group of pickpockets suspected of an “extremely large and organized” theft ring that has nabbed wallets from unsuspecting customers across the country. Store surveillance footage of the suspects was released Thursday by Everett police. Along with still images and video, detectives listed nine cases that appear to be connected in Snohomish and King counties. Many of those occurred at Panera Bread or Trader Joe’s, where victims were distracted by someone else who was part of the scheme. The incidents include Dec. 9, thieves stole wallets at a Panera in Lynnwood and another location of the same chain in Woodinville. The same day, a thief took a purse at an Italian restaurant in Bellevue; Jan. 3, a wallet was stolen from a Panera in Factoria, with the thieves spending about $4,000 at a Best Buy; Feb. 2, a thief stole a wallet at a Trader’s Joe’s on Everett Mall Way; Feb. 19, another wallet was stolen at a Panera in Bellevue; March 7, a thief bumped into a woman at a Panera on Everett Mall Way. She later noticed her wallet was gone and found that about $14,000 had been spent at Best Buy and Bed Bath & Beyond. Surveillance footage showed multiple people using her credit cards. The same afternoon, a woman was approached by a stranger who asked her questions. After the conversation, she realized her wallet had been taken. Almost immediately, $3,200 in gift cards were bought at a local Target, and on March 14, a wallet was stolen from a Panera Bread in Bellevue. Suspects used the wallets to buy merchandise from Apple, Nordstrom and Target, or gift cards at retail stores. Local detectives are working with police across the country, from the Pacific Northwest to New York and Florida, to piece together the case. Police are asking for help to identify the people in the images. Tips can be directed to Everett police at 425-257-8450. [Source: HeraldNet]

Orbitz suffers data breach affecting 880,000 credit cards

Online travel agency Orbitz disclosed that bad actors may have gotten their hands on both credit card data and personal information from users who made purchases on the site between 1 January 2016 and 22 June 2016. According to the company, hackers could have accessed approximately 880,000 payment cards from a “legacy Orbitz site”. As well as the data submitted to the legacy site, Orbitz partner platform data submitted between 1 January 2016 and 22 December 2017 may have also been breached. The company first discovered the breach on 1 March. While crucial social security numbers, passport and travel information don’t appear to have been accessed, names, payment card details, email addresses, billing addresses and phone numbers could have been seized by hackers. Orbitz, which is owned by travel giant Expedia, has not yet obtained direct evidence that the information has been stolen, but travel sites are a prime target for hackers as they are treasure troves of information with rich seams of data to mine and potentially exploit.

The company said: “Ensuring the safety and security of the personal data of our customers and our partners’ customers is very important to us. We deeply regret the incident, and we are committed to doing everything we can to maintain the trust of our customers and partners.” The firm is notifying consumers that may have been breached and is also offering them a year of complimentary credit monitoring and identity protection services. Orbitz added that it “took immediate steps to investigate the incident and enhance security and monitoring of the affected platform”. It also said it brought in a panel of people to ensure the platform was rendered inaccessible. “As part of our investigation and remediation work, we brought in a leading third-party forensic investigation firm and other cybersecurity experts, began working with law enforcement, and took swift action to eliminate and prevent unauthorized access to the platform.  [Source: Silicon Republic]

The post Breaking News in the Industry: March 23, 2018 appeared first on LPM.

The Business Justification in Compliance

FCPA Compliance & Ethics -

At the recently concluded Compliance Week 3rd Annual Third-Party Risk Management Conference, Kara Brockmeyer, former head of the Securities and Exchange Commission (SEC) Foreign Corrupt Practices Act (FCPA) unit and now partner at Debevoise & Plimpton LLP, said that if there is no business reason to contract with a third party, this is more than [...]

The post The Business Justification in Compliance appeared first on Compliance Report.

What Is the Current State of Anti-Bribery and Corruption Prosecution?

Corporate Compliance Insights -

Trump and the FCPA Instances of global corruption pepper our newspapers and news feeds. Closer to home, allegations of corruption have taken center stage in the American political landscape, and President Trump has been openly critical of the Foreign Corrupt Practices Act, leaving many in the compliance field to wonder whether regulatory agencies will retain The post What Is the Current State of Anti-Bribery and Corruption Prosecution? appeared first on Corporate Compliance Insights.

(This is only a summary. Click on the headline to view the entire article at Corporate Compliance Insights and participate in the discussion.)

Cryptocurrency Challenges and Opportunities

Corporate Compliance Insights -

Leveraging Compliance to Build Regulator and Customer Trust Bitcoin and other cryptocurrencies continue to gain ground as investors buy in, looking for high returns, and as acceptance of it as payment takes hold. However, with such growth come risks and challenges that fall firmly under the compliance umbrella and must be addressed in a proactive, The post Cryptocurrency Challenges and Opportunities appeared first on Corporate Compliance Insights.

(This is only a summary. Click on the headline to view the entire article at Corporate Compliance Insights and participate in the discussion.)

The Power of Whistleblowers in the Modern Age

Corporate Compliance Insights -

Lessons Learned from the Trenches The #MeToo and #TimesUpNow social media campaigns sparked a movement to expose intimidating behavior and sexual assault in the workplace. Because of the resulting paradigm shift, harassed employees are empowered to speak up about wrongdoings. Corporate investigators Amy Conway-Hatcher and Bridget Moore discuss the need for corporations to re-evaluate their The post The Power of Whistleblowers in the Modern Age appeared first on Corporate Compliance Insights.

(This is only a summary. Click on the headline to view the entire article at Corporate Compliance Insights and participate in the discussion.)

Why Nordea’s responsible investment funds have dropped Facebook

Ethical Corporation Feeds -

Facebook has a market cap of close to 500 billion dollars. 2.2 billion users, or 29% of the global population, are using the network on a monthly basis. This indicates that the company has established a solid, profitable and strong business model.

But can it persist in the long-term and is the business model sustainable?

Image: Channels: Stakeholder EngagementTags: Facebookdata protectionNordeaCSR and social mediaGDPRCambridge AnalyticaESG investors

How Do You Transform the Tax Windfall into Talent?

BRINK News -

This is the final piece in a three-part series on the U.S. tax changes.

When the U.S. corporate tax rate tumbled from 35 percent to 21 percent following last year’s passage of the Tax Cuts and Jobs Act, companies of all sizes welcomed the windfall. More than a few one-off bonuses and minimum-wage increases cheered employees, along with the sudden prospect of less cash withheld from paychecks.

It was a good start for a new era of lower taxation, opening the door to important conversations happening in boardrooms and C-suites, where more substantial growth-driving investment options are the priority—and where strategic vision must thrive.

It’s All About the Talent

Now is the time for leaders to prioritize directing a portion of the new investment dollars into building a workforce that is well-prepared for the future. Those who choose to do so will find themselves ahead of the game.

The workforce is the engine of every business. Every C-suite needs to develop a workforce strategy and development plan for a future fueled by rapidly changing digital, automation, robotics and AI—a workforce strengthened and enabled by technological advancement.

With their available dollars from the tax reform, chief human resource officers, in particular, need to go on the offensive to galvanize their respective companies on a workforce strategy and the workforce capabilities required to win now and well into the future.

The Case for Action

There is a deadline brewing that will separate those who act now from those who wait.  

Under the new law, September 15, 2018, is the last day to pre-fund pension plans to potentially realize 20 percent-plus in post-tax savings on contributions. By acting now, companies can maximize their tax savings for further investment opportunity.

Many employees are increasingly anxious about their ability to retire let alone retain their jobs with the rapid advancements in automation, artificial intelligence and robotics. According to research from the World Economic Forum, 35 percent of today’s core workforce skills could change by 2020, and more than 6 million job roles decline while others rise steeply over the next several years. When you combine these facts with an unemployment rate that is already at historic lows, companies that are ill-equipped will be on the losing side of the war for talent.

There is rising anxiety in the workforce. Amidst rising corporate profits, wages have declined or remained stagnant.

The Equity Issue

There’s also rising anxiety among the workforce caused by expectations of sharing in the growing wealth of their companies. Amidst rising corporate after-tax profits and shareholder dividends, wages have declined or remained stagnant since 2000.

The disparity between CEO and worker pay has become an increasingly public, transparent issue. The Pew Research Center reports that 72 percent of Americans are worried about technology replacing human jobs, and Mercer’s 2018 Healthy, Wealthy and Work-Wise survey suggests that only 39 percent of men and 23 percent of women are confident they can save enough to retire. No wonder employees are increasingly wondering, “Am I ever going to be fairly rewarded for my work when my company and its leaders seem to be doing great?”

How To Strengthen Your Workforce in 5 Steps

Every C-suite has a choice as to how and when they will respond. The investment dollars freed up from tax reform are the catalyst they need to lean into a response now—but the window is closing fast. Success means executing on five key areas before it’s too late:

  1. Maximize your tax savings. Increase your potential investment pool by pre-funding your pension plan by September 15, 2018, to potentially realize 20 percent-plus post-tax savings on contributions.   
  2. Create a brand-building compensation plan. Ensure your compensation strategy is competitive in the markets of today and tomorrow. At a time when pay equity is a hot topic, average raw pay gaps can still be between 20 percent and 40 percent across genders and ethnicities. Incredibly, 67 percent of companies do not have regular pay equity review processes. Protect your brand, reduce litigation risks—and simply do what’s right.
  3. Take the first step toward building a workforce for the future.Determine your talent roadmap. Clarify and communicate career development opportunities. Upskill and reskill your people to prepare for the future of work.
  4. Deliver a meaningful, differentiated value proposition. Align your employee value proposition to your company’s DNA, and deliver compelling reasons for people to join and stay. According to a study by Mercer | Sirota, companies with highly energized and engaged employees have 11 percent to 16 percent higher stock performance.
  5. Ignite your culture. Measure. Adjust. Repeat. Tell your employees everything you are doing to invest in their success and well-being. Build trust, as 65 percent of employees believe authenticity leads to improved satisfaction and loyalty. Use concrete data, such as improvements in engagement and contributions to business performance, to ensure your desired outcomes.

Visionaries, pioneers and challengers will double down on advancing their growth agenda by investing freed up dollars in preparing their workforce for the future of work. These leaders understand that decisions made today will either accelerate value creation and widen the gap with competition or place their companies in a perpetual state of “catching up” and share loss.

RepRisk Report: Most Controversial Projects of 2017

Corporate Compliance Insights -

Four of the 10 projects included were affected by fatal accidents The latest issue of RepRisk’s report focuses on projects that posed serious reputational, compliance and financial risks in 2017 for the companies involved. Zurich, Switzerland (March 22, 2018) – RepRisk’s “Most Controversial Projects of 2017 Report” focuses on the 10 projects that were most exposed to The post RepRisk Report: Most Controversial Projects of 2017 appeared first on Corporate Compliance Insights.

(This is only a summary. Click on the headline to view the entire article at Corporate Compliance Insights and participate in the discussion.)

National Whistleblower Center Continues Support of #MeToo Legislation

Whistleblower Protection Blog -

National Whistleblower Center (NWC), as a member organization of the Workplace Sexual Harassment Coalition, has signed a letter to Senate Majority Leader Sen. Mitch McConnell and Minority Leader Chuck Schumer to support the Congressional Accountability Act of 1995 Reform Act (H.R. 4924) which passed in the House of Representatives with bipartisan support last month. The Act, which seeks to improve workplace protections for Congressional staff, has gained broad public support due to the #MeToo movement.

In the letter, the Coalition makes recommendations as to the improvement of H.R. 4924. It also urges the Senate to include reforms passed in H. Res. 724. The Resolution requires that each “employing office” in the House establish an anti-discrimination and anti-harassment policy. It also calls for the creation of an Office of Employee Advocacy. The Office would assist employees with counsel and representation as they navigate Congressional Accountability Act processes.

This legislation, if implemented, would provide key protections for federal employee whistleblowers. It would also ameliorate the convoluted process currently in place for Congressional employees to report instances of sexual harassment, assault, or discrimination.

The Senate may pass these reforms as soon as this Friday, along with the $1.3 trillion spending bill that just passed the House this week.

Recommended reading:

Maintaining Compliance in the Former Soviet Union

The Compliance & Ethics Blog -

  By Sascha Matuszak Reporter, SCCE|HCCA It’s been almost three decades since the fall of the Iron Curtain, and yet, doing business in the former Soviet Union can still be very challenging and exciting. The majority of the nations that make up the current Commonwealth of States which largely replaced the USSR, are emerging economies eager […]


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RT @ComplianceXprts: Inspection of Facilities and Sporting Venues - Due Diligence https://t.co/uKa3rYTJX0 https://t.co/EBXi6aBsW5 3 months 4 days ago
RT @ComplianceXprts: 14 Essentials For Your Compliance Management System https://t.co/FcQa8nRGWm https://t.co/Ru1oVnJelN 3 months 3 weeks ago
RT @ComplianceXprts: Our focus is on what people don't want to do. #ce https://t.co/H8vN1euuAr 3 months 3 weeks ago