Emtrain Blog

Sally March

Sally is an international commercial lawyer and certified compliance and ethics professional with extensive experience in Russia and the CIS, as well as the US and Europe.
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Recent Posts

New Year's Resolutions for Compliance Professionals

Posted by Sally March

December 27, 2016

 

The following post was written by our Expert contributor, Sally March and was originally published in the January 2017 issue of Compliance and Ethics Professional (an SCCE publication).


I’ve never been one for New Year’s resolutions myself. I still think in terms of school years and tend to do my own reassessment in September. But regardless of when your “new” year begins, it is always good to take a look back at the year gone by and forward to the year ahead.

I worked in Russia in a former life, so I sometimes see my work in terms of the old Soviet 5-year plan. We need to recognize that building and maintaining an effective ethics and compliance program is not a short-term proposition. It is good to have a 3-5 year strategy for the program and take it out every so often to see if we are where we need to be for long-term success.

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Topics: Business Compliance

Compliance professionals: Here's why you need to market yourself

Posted by Sally March

December 15, 2016

 

The following post was written by our Expert contributor, Sally March and was originally published in the December 2016 issue of Compliance and Ethics Professional (an SCCE publication).


“I don’t know what Compliance does.” Are you still hearing this as you talk with people in your organization?

I was asked recently what the lines of demarcation are between Compliance, Enterprise Risk Management, and other functions. So I searched the literature and found very little. Some organizations use GRC—Governance, Risk, and Compliance—as a catch-all for ensuring adequate internal controls. Others split responsibilities across several functions.

For example, ERM scans the horizon to ensure the business understands all its risks, including compliance risks, but it doesn’t monitor effectiveness or offer assurance that those risks are being mitigated adequately to prevent misconduct.

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Topics: Business Compliance

Ethics in Business: Stakeholder vs Shareholder

Posted by Sally March

July 26, 2016

 

The following post was written by our Expert contributor, Sally March and was originally published in the August 2016 issue of Compliance and Ethics Professional (an SCCE publication).


Milton Friedman, a Nobel prize-winning economist, wrote that there is only one social responsibility of a business—to increase profits so long as it stays within the rules of the game.

I was reminded of this recently when a major UK retailer went into administration, leaving a deficit in the employee pension fund of £571 million. The company had recently been sold for £1, but the previous CEO had run the business for 15 years, during which time he paid £580 million in dividends and rents to his shareholders (primarily his wife in Monaco).

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Topics: HR Compliance, Business Compliance

Ethics and Compliance Professionals: Why We Do What We Do

Posted by Sally March

June 21, 2016

 

The following post was written by our Expert contributor, Sally March and was originally published in the June 2016 issue of Compliance and Ethics Professional (an SCCE publication).


At the European Compliance and Ethics Institute, we conducted a small, very unscientific survey.

We asked the participants in our discussion group what the most important objectives of their ethics and compliance program are. The answers were, first and foremost, protecting corporate reputation. Next came promoting an ethical culture. Third place was split among the usual suspects—preventing misconduct, reducing penalties, meeting regulatory requirements, etc.

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Topics: HR Compliance, Business Compliance

Phone Hacking Trial Ends with Jail Time

Posted by Sally March

July 14, 2014

The NSA might be the hot topic here in America, but there's another equally concerning ethical mess developing in the UK over phone hacking and privacy breaches. 

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Topics: HR Compliance, Business Compliance