Donna Boehme discusses the evolution from “Compliance 1.0” to “Compliance 2.0.” Compliance 1.0 was incorrectly structured as a captive arm of the Legal department. Compliance 1.0 was a flawed model because it did not recognize the independent mandate, skill set and needed for empowerment that a Compliance department needs to be effective. Compliance 1.0 also lead to big compliance disasters found in recent headlines. Compliance 2.0 closes the gaps of Compliance 1.0 and builds a well-designed program to prevent misconduct.
We also discuss the example of the Volkswagen emissions scandal as an illustration of how the evolution of compliance is needed. Investors and governments do not look at a compliance problem in isolation, but how that problem may indicate more widespread issues.
Donna Boehme is an internationally recognized authority in the field of organizational compliance and ethics with 20+ years experience designing and managing compliance and ethics solutions, within the US and globally.
As Principal of Compliance Strategists LLC, Donna has advised a wide spectrum of private, public, governmental, academic and non-profit entities. She is a regular columnist with Corporate Counsel, Corporate Compliance Insights, ComplianceX, and the FCPA Blog. She has been published and quoted widely on issues in the field including in The Wall Street Journal, the Boston Globe, the Washington Times, Reuters, the Economist, the Financial Times, Chicago Tribune, Bloomberg, New York Law Journal, Board IQ and Compliance Week.
A featured expert in the award-winning PBS documentary, “In Search of the Good Corporate Citizen,” Donna is frequently interviewed by the media as an authority on organizational compliance and ethics, including by Dow Jones, Fox News, Compliance Week, Canadian Business Network, Corporate Compliance Monitor and Progressive Radio Network. She has been named to The Top Thought Leaders for Trustworthy Business in 2014 and 2015 by Trust Across America, is a recipient of the 2014 SCCE International Compliance & Ethics Award for extraordinary contributions to the field, and was named as Who Compliance Professionals Should Follow on Twitter in 2013 by ComplianceX.
Donna Boheme DBoehme@ComplianceStrategists.com
Compliance 2.0: The Next Generation of Compliance http://compliancestrategists.com/upgrade/
Masters of Disaster is produced by Leona Lewis, Founder of ComplyEthic Consulting LLC www.complyethic.com