February, like January, continues a brutal winter in the Northern U.S., with our third polar vortex and sixth snow storm of the season. Risk and reputation developments also continue to come fast and furious. The alleged corruption stories swirling around the upcoming Sochi Winter Olympics -- coming in at an apparent sticker price of $50 billion so far, more than any previous Olympics - are numerous and disturbing. Likewise, in Brazil we read stories about construction delays, accidents and possible corruption relating to this year's World Soccer Cup. And all this is taking place in the context of new anti-corruption laws in both countries creating a whole new level of complexity and compliance for global companies. Take a look at "What Companies Must Know About Global Anti-Corruption Laws" published last week in Sports Business Journal outlining risk management steps companies should consider.
In the next couple of weeks of GEC Risk related events (see far right column), we will be discussing how boards (and audit committees of boards) should handle risk, ethics and compliance as well as reviewing how companies can create proper governance and risk management frameworks for their supply chains specifically focusing on China.
As always, please contact us anytime with questions, suggestions or concerns and, of course, please follow on Twitter @GlobalEthicist.
Andrea Bonime-Blanc, CEO
The Olympics, World Soccer, Russia, Brazil & What Companies Can Do to Protect Themselves Against the Risk of Corruption
In anticipation of this week's Sochi Winter Olympics, the 2014 Brazilian World Soccer Cup and 2016 Brazilian Summer Olympics, Andrea Bonime-Blanc's article for Sports Business Journal, published on January 27, 2014, "What Companies Must Know About Global Anti-Corruption Laws" outlines risk management steps companies doing business in major global sports venues should consider taking. Available here: http://www.gecrisk.com/publications-media/
Cited in the Wall Street Journal, Corruption Currents, January 29, 2014: http://on.wsj.com/1fD3jFj
LATEST PUBLICATIONS & MEDIA
ON SCANDAL PREVENTION:
"Preventing the Next Business Scandal" The GlobalEthicist Column from December/January 2014 outlines a triangular solution to preventing the next business scandal. http://bit.ly/1ctFvSh & http://bit.ly/19OAzE0
ON GLOBAL PRIVACY:
In this FT's Agenda Week piece on "EU & Brazil Want the US to Toughen Up on Privacy" Andrea Bonime-Blanc is interviewed on how companies can create a better global privacy governance framework. http://bit.ly/1ctFvSh
"Getting to a Culture of Integrity: The Role of the CEO, the Board & Risk Strategy" by Andrea Bonime-Blanc for ECOA Connections, December 2013 issue, outlines a three-pronged approach to a better organizational culture. http://bit.ly/1ctFvSh
ON SUPPLY CHAIN GOVERNANCE:
"The Changing Chinese Supply Chain: Building a Reputable and Sustainable Supply Chain in and out of China", The Conference Board, November 2013, with co-author Michael Hickman, International Partner, Haiwen & Partners. http://bit.ly/1ctFvSh
"Supply Chain Risk: What Companies Need to Know" The GlobalEthicist Column from October 2013, Ethical Corporation Magazine. http://bit.ly/H1fHRH
"Executive Whistleblowing: What to Do When No One Listens" The GlobalEthicist Column from November 2013 analyzes the special difficulties of being an executive whistleblower and outlines options for dealing with such a situation. http://bit.ly/1ctFvSh
"How to be Smart About Executive Whistleblowing: Q&A with Andrea Bonime-Blanc" interview with The Company Ethicist, November 19, 2013. http://bit.ly/1ctFvSh
February 4, 2014
"How Can the Audit Committee Evaluate the Effectiveness of an Ethics & Compliance Program?" The Association of Audit Committee Members, Inc. Live Webcast. 12:00-1:00pm Eastern. Speaker.
February 11, 2014
"Risk Management Through the Eyes of the Board". The Forum of Executive Women. Facilitator and Panelist with Gina Merritt-Epps & Patricia Oelrich. Hosted by Blank Rome LLP. Philadelphia.
February 20, 2014
"The Changing Chinese Supply Chain: Risk & Governance". The Conference Board. Live Webcast. 11:00am-12:00pm Eastern. Facilitator & Co-Panelist. With Michael Hickman, International Partner, Haiwen & Partners. http://bit.ly/1dSYNSw
February 4 - April 8, 2014
ECOA "Leading Professionals in Ethics & Compliance Certification" (LPEC) Program. Essentials of Ethics + Compliance E2C Program leading to LPEC Certification. Faculty Member. http://bit.ly/18NA95n
March 4, 2014
"2014 Corporate Governance Trends: Diversity/Risk/Compensation". The Conference Board. Live Webcast. 3:00pm-4:00pm Eastern. Facilitator & Co-Panelist. With Jane Storero, Vice President, Corporate Governance, Pepco Holdings, and Yelena Barychev, Partner, Blank Rome LLP. http://bit.ly/1eOSCvM
Andrea Bonime-Blanc, CEO of GEC Risk, named to Top 100 Thought Leaders in Trustworthy Business 2014.
Read more about it here: http://www.trustacrossamerica.com/offerings-thought-leaders-2014.shtm
Read press release by Trust Across America/Trust Across the World release here: http://trustacrossamerica.com/offerings-thought-leaders-press-release-2014.shtml