Emtrain Blog

UC Chancellor’s Last Stand Is Yet Another Conflict of Interest

Posted by Janine Yancey

May 12, 2016

Whether right or wrong, UC Davis Chancellor Linda Katehi has been riddled with conflicts of interest: a board seat at a competing institution, using university funds to manipulate how information about Katehi and the infamous University pepper spray incident appears on the web, significant salary increases to her family members on university payroll, and more.

Most of these potential conflicts could have been easily avoided had Katehi used a simple ethics rule, which I like to call the Ricky Ricardo rule.

The Ricky Ricardo Rule: If you’re doing a lot of ’splainin’, you’re in a problematic situation.

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Topics: Compliance, Business Compliance, Code of Conduct, Ethics

3 Smart Ways to Safeguard Your Company from an Ethics Scandal

Posted by Allison Baker

May 3, 2016


A few years ago, Elizabeth Holmes’ company Theranos made headlines for its promise to disrupt biotechnology with innovative blood testing. Now, Theranos is making headlines for allegedly fooling investors, consumers, and the media that they had a viable product.

In addition to media scrutiny, Theranos and Holmes are currently under investigation by the SEC and DOJ. So, what happened here and how can we learn to build a company that doesn’t run into ethical and legal scrutiny after years of hard work?

Keep reading to find out how to build an ethical and compliant company from the start and avoid an ethics scandal.

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Topics: Compliance, Business Compliance, Code of Conduct, Ethics, Corporate Governance, onboarding, Silicon Valley

Why the SEC is Keeping an Eye on Silicon Valley Unicorns

Posted by Janine Yancey

April 28, 2016

In the late 1990s, there was massive investor confidence in companies with little or no earnings, no profits, short track records, and sometimes, no product. As a result, company valuations skyrocketed and a small percentage of people made millions.

Inevitably, the wind started to blow in the other direction and companies were directed to get cash flow positive quickly. That’s when fantasy company valuations plummeted and both employees and investors were left with little to show for their investment of time and money.

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Topics: Compliance, Business Compliance, Code of Conduct, Ethics, ethical workplace culture, Silicon Valley

Strip Clubs & Niagara Falls: Novartis Pays $25 Mil in FCPA Enforcement Action

Posted by Allison Baker

March 28, 2016

This week, the SEC announced a $25 million FCPA enforcement action against Swiss pharmaceutical company Novartis.

Items of value improperly provided to Chinese foreign healthcare professionals by indirect Chinese subsidiaries of Novartis included, among other things, an excursion to Niagara Falls and cover to a strip club.

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Topics: Code of Conduct, FCPA, global anti-bribery, ethical workplace culture

3 Strategies to Boost Your Workplace Culture

Posted by Janine Yancey

March 16, 2016

You already know that culture is important. Otherwise, you wouldn’t be actively sharing your mission, values, and code of conduct.

But, what’s the best way to communicate your culture message and make sure people live up to the values? Which of your teams should be involved and how do they ensure your message is consistent across the organization so it resonates with everyone?

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Topics: Code of Conduct, workplace culture

FCPA Enforcement Update: Q1 Enforcement Spree

Posted by Allison Baker

March 7, 2016


The DOJ and SEC have been on a roll the last few weeks. In an unprecedented spree of FCPA enforcement over the past approximate month, eight separate actions have been brought against companies in varying industries such as telecom, pharma, and technology.

The latest of these FCPA enforcement actions against Canadian company Nordion (a global health science company) is notable – it’s the first ever FCPA action against a Canadian company.

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Topics: Code of Conduct, FCPA, global anti-bribery, ethical workplace culture

The Important Difference Between Employee Engagement and Satisfaction

Posted by Allison Baker

February 25, 2016

I know what you're thinking. Wait, is there a difference between employee satisfaction and employee engagement? 

There certainly is, and it's huge. Employee satisfaction is trasactional; a satisfied employee has her basic needs met (compensation, office perks, benefits, etc.) and will simply meet expectations. 

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Topics: Talent Management, Code of Conduct, Workplace Engagement

The High Cost of Leading an Unethical Organization

Posted by Allison Baker

February 23, 2016

Last week, telecommunications company VimpelCom was hit with a $397.5 million FCPA enforcement action for a corporation-wide corruption scheme involving conduct in Uzbekistan.

Coming in at nearly $400 million, this settlement is the 5th largest FCPA settlement amount of all time. Leading an unethical organization comes at a high cost.

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Topics: Code of Conduct, FCPA, global anti-bribery, ethical workplace culture

How to Improve Your Employee Onboarding in 2016

Posted by Janine Yancey

January 5, 2016

This was originally published on Startup Grind, the global startup community.


An ethical workplace culture starts at onboarding. That’s when new hires form impressions about expectations, company leadership, how employees make decisions, and generally, how everyone acts at work.

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Topics: Code of Conduct, Code of Ethics

16 Onboarding and Culture Lessons We Learned from Star Wars [Infographic]

Posted by Allison Baker

December 17, 2015

 

Call me a nerd, but I love a good excuse to talk about Star Wars in a professional context. As luck would have it, Cornerstone created this amazing infographic relating the Star Wars universe to the HR universe we all live and breathe.

Creating a good workplace culture with trust and purpose starts at onboarding – even Han Solo knew that! So, travel to a galaxy far, far away and learn some onboarding best practices from your favorite intergalactic friends.

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Topics: People Skills, Code of Conduct, Company Culture