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Choosing to challenge inequality in STEM
-For International Women’s Day 2021, we spoke to Dee Olomajeye, Head of People at Senti Bio, a San Francisco-based technology-driven therapeutics company focused on the next generation of medicine. Senti Bio recently launched Vault Platform to ensure its employees have a safe space to speak up about all forms of workplace misconduct such as discrimination and any kind of unethical behavior.
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The urgency around ethics and compliance effectiveness
-Organizations with a presence in the US are being urged to get their compliance house in order in anticipation of a crackdown on corporate ethics and compliance violations by the Biden Administration.
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Whistleblowers are a golden opportunity
-“Whistleblowers are likely to be loyal employees, passionate about high standards, who go outside their organisation as a last resort when nobody takes them seriously. They aren’t defiant troublemakers; they’re disappointed believers.”
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ECI report identifies key ethics challenges in remote work environments
-The Working Group survey responses also indicate that two areas highly impacted by a shift to remote working are lowered employee engagement due to competing work-life priorities (16%) and decreased transparency of remote activities (11%), both of which can impact an organization’s speak up culture.
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High flying public companies at greater risk of fraud
-Researchers found that companies with Fortune 500 status were represented nearly four times as often among the firms that had committed fraud. Furthermore, firms that traded on NYSE were over-represented by nearly two to one in terms of fraudulent activity, versus those that trade on other exchanges like the NASDAQ or OTC.
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Compliance with the EU Directive on whistleblowing and other legal considerations related to misconduct reporting
-The WB Directive obliges both companies (with more than 250 employees from 2021 and more than 50 employees from 2023) and authorities in general to introduce whistleblower schemes, which must be available to all employees in the company/authority.
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Business ethics is the biggest risk business face today
-Over the course of the last 12 months, business ethics has shifted from being a sizable but somewhat intangible risk…
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Ethics & Compliance Considerations in Remote Work: Whitepaper
-The Ethics & Compliance Considerations in the Remote Work Environment Working Group used the five principles outlined in the Blue Ribbon Panel Report as a framework to explore the impact of remote working on an E&C program. Get the whitepaper.
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Vault Magazine: The Purpose Driven issue
-The pandemic has sharpened the focus of society at large, governments, and almost all industries on the importance of social and environmental progress. The lesson is that corporate purpose needs to be at the heart of business resiliency and growth in the face of an unpredictable future. Purpose has the power to unify all stakeholders during the recovery process and after the pandemic, to build resilience for the future.
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Misconduct reports to external bodies hit record high
-The US Equal Employment Opportunity Commission (EEOC) had a bumper year in terms of payouts. The EEOC secured a record amount of recovery, more than $535m, for victims of discrimination in the workplace.
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