At the end of December 2013, the Independent Governance Committee (IGC) under the leadership of Prof. Mark Pieth formally completed its task of overseeing the FIFA reform process after more than two years of work.
During this time, the IGC, a group consisting of renowned governance experts and football stakeholders, submitted concrete recommendations for reforms relating to greater transparency, financial controls, accountability and ethical conduct.
At the end of December 2013, the Independent Governance Committee (IGC) under the leadership of Prof. Mark Pieth formally completed its task of overseeing the FIFA reform process after more than two years of work.
Gemma Aiolfi, Head of Compliance and Corporate Governance / Collective Action, discussed anti-corruption Collective Action and High Level Reporting Mechanisms in Vol. 36, Issue 5 of the Thai Institute of Directors' (IOD) Boardroom Magazine.
At the request of the National Anti-Corruption Commission (NACC) of Thailand, the Basel Institute carried out a three-day executive workshop on the role of good governance and anti-corruption in the context of national development for senior executives from various relevant public offices and related institutions of Thailand.
The role and scope of the compliance function is being reshaped; now compliance officers need to make their control environment work in practice and be able to express an opinion on how well it’s working or not working.
"The advantage to mankind of being able to trust one another penetrates into every crevice and cranny of human life: the economical is perhaps the smallest part of it, yet even this is incalculable." John Stuart Mill (1848) [ref]
In our first post we proposed a universal business ethics principle:“A basic duty of every organization is to earn stakeholder trust.”
The Basel Institute’s head of compliance, corporate governance and collective action talks to Ruth Green of the International Bar Association about anti-corruption programmes, the Panama Papers leaks, and what companies can do to better manage and mitigate risks. This article is posted with the permission of the International Bar Association and can be found in its entirety here.
The Wolfsberg Group, an association of thirteen global banks working together since 2000 to develop financial industry guidance on financial crime risks, has recently updated its 2011 Anti-Bribery and Corruption Guidance.
The discussion around the ISO 37001 standard, published late 2016, created something of a debate on the pros and cons of certifying companies’ compliance programs. And while many welcomed the introduction of a uniform international standard for the prevention and detection of bribes other familiar criticisms of certification remain.
Globally operating companies increasingly feel the pressure to ensure their compliance and integrity standards are maintained throughout their supply-chain. This has led to a transfer of pressure all the way down to the weakest link, the small and medium-sized businesses. As a result, many small and medium-sized business supplying large international companies are faced with unreasonable demands when it comes to their compliance programs that neither reflect their business environment nor their risk profile.