Previously, we wrote about some of the reasons why the construction industry is vulnerable to corruption. We viewed the industry through the lens of compliance, pointing out its environment and how the lack of transparency, inflation of bills, and bribery lends itself to corruption. Put it this way: think about someone trying to eat clean […]
“Measure what is measurable, and make measurable what is not so”. This quote that is attributed to Galileo Galilei should be considered by those who believe compliance training sessions and compliance programs are not measurable. Training sessions metrics are some of the quantifiable measures compliance leaders must use to monitor the effectiveness of a compliance […]
There is a critical difference between understanding compliance in theory and knowing how to integrate it successfully into an existing business. Consultants who are hired to build a program and train employees on compliance matters must be aware of it and have a plan. Otherwise, they run the risk of being ineffective. Their role is […]
Businesses that have incorporated a commitment to transparency and ethical conduct into their systems have laid the essential groundwork for fostering a compliant environment. Employees need to live and breathe compliance. It must be expressed in their relationships with clients, service providers, suppliers, partners, and shareholders. Prae Venire assists others to incorporate compliance programs. With […]
Viral TikTok videos have brought attention to a trend called “Quiet Quitting”. This practice isn’t new, workers have quietly quit their jobs for years. There are different interpretations of it though: Gen Z and younger millennials, born in 1989 and after, who according to survey data from Gallup reported the lowest U.S. employee engagement of […]
Voltaire once wrote: “Common sense is not so common”. In business, a common and dangerous piece of advice one can give or receive regarding corporate compliance is something you’ve likely heard before: “Just use your common sense”. That statement gives the false impression that if one uses basic judgment, the individual and the business can’t […]
An article published in the Medical Daily in 2014 and written by a sociologist from Carnegie Mellon University shows how herd mentality threatens ethical decision-making. She and her husband (who were both Red Sox fans) attended a baseball game at Yankee Stadium. The negative treatment she received from the crowd led her to study mob […]
Have you dealt with banks in recent years and found yourself surprised at how much personal data they ask customers? There are important reasons behind the request. Financial institutions by law must establish the legitimacy of a customer’s identity and identify risk factors. What risk factors? Identity theft, financial fraud and other crimes, money laundering, […]
Corruption is a problem all over the world. The construction industry is consistently ranked high on corruption indexes. Corruption in the construction industry is well documented. Even a casual internet search on the topic will provide examples of corruption in bidding processes, with shady practices like cutting corners, overcharging, resulting in loss of lives in […]
COI stands for Conflicts Of Interest. They can exist inside any business no matter the size, the industry or the country where it is located. They arise when people’s personal interests (financial, family, friendship or other social elements) may interfere with or influence a judgment, a decision or actions they make in the workplace. Individuals, […]
