LRN, an ethics and compliance consultant, recently conducted in-depth, off-the-record interviews with 26 chief ethics and compliance officers (CECO) of major companies. The interviews revealed that, despite aspirational statements of company values, ethics and compliance is not a high operational priority of their boards of directors.
Some more in-depth findings from the report:
* Nearly half of CECOs say that their board has not received education and training on their E&C responsibilities.
* About 40% say their boards have not done a "deep dive" on compliance failures and scandals, despite recent Department of Justice regulations requiring them to...