Can hand soap and flowers really tell us about a business, its culture and its values? Short answer – yes. But before I get to that, a little background on culture from an ethics and compliance perspective. Business folks at times will ask me, why in the world do we even have to have an…
In early February, Staples announced it is engaged to marry Office Depot through an acquisition, pending approval of the US Government from an antitrust perspective. Like all happy couples looking forward to their nuptials, Staples and Office Depot publicly declared their love – not in the New York Times Engagement Section but through a press…
Over the past couple of months, media has reported that the US government is investigating JP Morgan for possibly giving jobs to the kids of Chinese government officials in exchange for business. Now, emails about these allegations are quoted in the WSJ. (In JP Morgan Emails, a Tale of China and Connections). At this point,…
Globally, regulators are cracking down on money laundering to prevent and identify corruption, stop funding terrorists, and generally just control the flow of money from illegal activity. One way this is done is by enacting laws and regulations that force financial institutions to scrutinize clients or potential clients who are “politically exposed persons.” Each country…