Understanding Export Controls is a fundamental necessity for companies in general and not only for those that do business outside of the United States as the controls also apply to transactions that occur within the United States (“deemed export”). Export Controls are U.S. laws and regulations designed to protect the national security and foreign policy […]
“You don’t have to reinvent the wheel, just attach it to a new wagon.” – Mark McCormack Mark McCormack was a versatile man. He was a Yale-educated lawyer, sports agent, and he even qualified for the U.S. Open. When you read his bio, it may seem disjointed because of how varied his careers were. His […]
They’re powerful. People who study ethics and compliance challenges understand that strong, effective, and continually adapting internal controls are the bedrock of a strong business. To see their effectiveness and necessity, work backward. What is the mission, vision, and purpose of your business? As mentioned earlier, though it may be extensive, ask yourself about the […]
Starting a business is a risk. Investing money and time into your business doesn’t guarantee results. As an entrepreneur, you will be expected to take risks, but not all risks are created equal. Consider the skydiver who maintains their rig, runs safety checks like clockwork, rehearses the jumps, and plans for contingencies. Proper risk mitigation […]
Your business could be the model for compliance. Leadership has bought on and is accountable, risks have been identified and managed, and you have successfully folded corporate compliance into the fabric of your company. As efficient as your business is, do you ever work with consultants, law firms, accountants, brokers, marketing companies, or other service […]
Technological growth, as Ray Kurzweil, a futurist, inventor, and author, puts it, “…is exponential, and that makes a profound difference. If I take 30 steps literally, I get to 30. If I take 30 steps exponentially, I get to a billion.” The core concept is that technology has advanced exponentially. These advances fuel economic growth, […]
Understanding ethics is an active learning process. Marcus Aurelius, a Roman emperor, faced wars, plagues, and starvation. Yet, he still devoted time in the final years of his life to writing notes to himself about how to live virtuously. From anyone who hasn’t read his writing, the ability to do the right thing was a […]
There is a theory of business ethics that suggests there are three main leadership behaviors: Moral, Amoral and Immoral. Business leaders have their own approach to following the law, industry regulations, and their own ethics and morals. Have you ever dealt with those kinds of leadership? The Immoral Leader The Immoral Leader has an active […]
Do the Right Thing Companies, no matter their size, need to have a strong culture of compliance. Accomplishing that means establishing, from the top of the business down, an environment that fosters ethical behavior, obeys the rules of law and uses common sense while making decisions. The culture of compliance must be part of a […]
A lot of people have been asking some very important questions in the wake of June’s sorrowful collapse of a condo. How could something like this happen? Who knew about it? How can we stop it from happening again? Millions of Americans live in communities, which are run by more than 100,000 different associations. Behind […]
