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 […]
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 […]
Ikigai (生き甲斐, pronounced [ikiɡai]) is a Japanese concept that means “a reason for being.” It is similar to the French phrase, raison d’être. Everyone, according to Japanese culture, has an ikigai. Finding it requires a deep and often lengthy search of self.  “I am doing work that has both meaning and impact and that […]
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 a recent my blogpost I have mentioned that I am a physicist by education. My favorite physicist was the Nobel-prize winner Richard P. Feynman. His book „Surely you‘re joking, Mr. Feynman“ was the reason I actually decided to study physics. Feynman‘s maybe greatest talent, one of which he was acutely aware of and prided […]
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.