I have been advocating for a long time now for changing the name of the game: leaving behind the misnomer “compliance management” and putting the focus on culture, ethics and risk or simply put: good decision making. To use an analogy from the world of sports, more specifically football (I mean the European version where […]
…Also, the “hour” will probably last more than 60 minutes… As the number of reported infections and deaths from the pandemic grow also in Turkey, people are facing a situation that disrupts their usual lifestyle and coping mechanisms much more deeply and thoroughly than any other crisis they have experienced before. As the Turkish Health […]
As the novel coronavirus pandemic (even though the WHO cannot yet bring itself to call it so) keeps developing very dynamically worldwide, we see that in a crisis where people’s, yes entire populations‘ health and ultimately also some people’s lives at stake, the impact on stock markets exceeds the „usual“ risks that organizations face and […]
In one of my earlier posts I have written about the “brand name” of the compliance department and why I think the words “ethics” or “integrity” should be part of it. (I meanwhile prefer “ethics”.) A few days ago I heard Christian Hunt from Human Risk talk about it in a recent episode of the […]
Orientation This post is the second in a series of posts on effective Ethics & Compliance in the context of Turkish culture. In the first part, I looked at the motivation for this analysis, and the cultural profile of Turkey in the Hofstede 6D model. In this second part, I will summarize the current requirements […]
Not all outcomes are created equal As human beings our thinking is subject to a host of biases. When it comes to the ethical dimension in decision-making, an important one is the Outcome Bias. It means that we judge the quality of a decision by its eventual outcome. It’s the outcome we arrive at that […]
This post, written in 2017, continues to receive a lot of attention. I have taken the topic up in more detail in a series of posts started in 2019. While I still stand behind what I have written here, this first post was based more on literature research, some personal experience and reflection. The 2019 […]
I was drawing up some slides on the results of my annual Ethical Climate Survey yesterday when I came to the unavoidable “Tone from the Top”. At that point it struck me how this choice of expressions transports the notion of a classical pyramid-shaped hierarchy. I asked myself how this is supposed to fit with […]
Effective Ethics & Compliance in the Context of Turkish Culture Introduction In 2017 I first wrote a blog post about Culture, Compliance and Turkey with a first discussion of the 6 dimensions of Turkish culture according to Geert Hofstede and their meaning for compliance management in this country. In the beginning of 2019, the Turkish […]
To continue my 2018 reading list, I am adding here the books (including e-books and audiobooks), online courses, articles etc. I am reading throughout this year. I do a lot of reading (and listening while driving in Istanbul traffic) for my personal interest as well as my engagement as leader of the Working Group for […]
2018 was a year of learning for me. As the year draws to a close, here’s a more or less complete list of the books, audiobooks, blogs, MOOCs I have read, listened to or studied throughout this year. They have inspired and helped me to develop a much wider frame of perspective and deeper understanding […]
Independence and Objectivity The hallmarks of the Internal Audit profession are Independence and Objectivity. Without independence and objectivity there can be no truly effective auditing, because conclusions snd expressed opinions could be unfairly biased. “Independence is the freedom from conditions that threaten the ability of the internal audit activity to carry out internal audit responsibilities […]
Introduction The focus on effective Ethics and Compliance Programs based on values and principles has been steadily increasing in the past years. “To prosper over time, every company must not only deliver financial performance, but also show how it makes a positive contribution to society. Companies must benefit all of their stakeholders”, wrote BlackRock CEO […]
What should the function or department be called that is responsible for Compliance Management? And what should the job title of the head of that function be? What‘s in a name? That which we call a rose By any other name would smell as sweet. – Shakespeare, Romeo and Juliet (II, ii, 1-2) While I […]
In this post I philosophize about what Integrity means by making comparisons with Turkish coffee and physics, showings that three distinct parts must come together to have Integrity and that the absence of any of the three results in “pathologies” that can be compliant and even ethical but don’t have integrity.
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