The Seven Deadly Sins for a Compliance Program

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In an article in the October/November issue of Society of Corporate and Compliance Ethics Magazine (SCCE), entitled “The seven biggest mistakes companies make that erode ethical culture and destroy reputation”, author Eric Feldman reviews his version of the Seven Deadly Sins for a company’s compliance and ethics program. While noting that the “most severe consequences of corporate ethical lapses can be mitigated, even avoided, by proactive care and feeding of a corporate culture” when a compliance crisis arises it may well be “too late to put the genie back in the bottle.” However, by following his seven prescriptions, it may well be the difference between a “bump in the road or falling into quicksand” when the government comes knocking.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Thomas Fox, Advanced Compliance Solutions | Attorney Advertising

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