ethics

A Q&A for Figuring Out: What is the Difference Between a Gift and a Bribe Under Ukrainian Law

A Q&A for Figuring Out: What is the Difference Between a Gift and a Bribe Under Ukrainian Law

Gift or bribe: where is the borderline?

A gift means any item (e.g., money, consumer electronics) or intangible assets (e.g., services, discounts) the one provides free of charge or below market value. In our politics, there were cases when a discount for buying an apartment was considered a gift.

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Transparency and compliance: a fad or a business need?

Transparency and compliance: a fad or a business need?

The demand of the Ukrainian business for integrity has been growing for several consecutive years, with the perception of compliance gradually changing – from a bureaucratic function to a full-scale driver of change, in processes and approaches.

Over the last year, the number of fraud and corruption incidents in the world has significantly increased. The Kroll Global Fraud Report-2019 cites 84% of CEOs having been exposed to at least one fraud incident during the last year. Such incidents significantly affected employee safety (82%), revenue or business continuity processes (78%), reputation (65%), and government relations (65%) of the surveyed companies. Simultaneously, Kroll commends the improvements in the efforts of governments and companies in identifying and resolving such issues…

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Honesty and Corruption: What Social Psychology Knows and What Most of us Miss?

Honesty and Corruption: What Social Psychology Knows and What Most of us Miss?

In my previous post, I shared my views on contribution of culture towards promotion of compliance. Now I would like to elaborate on this topic further, and share with you the results of some social psychology theories and experiments together with my views on how it might contribute to promotion and development of ethics and compliance in our business and society.

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Compliance Profession: The View from the Inside

Compliance Profession: The View from the Inside

We continue a series of posts called “Compliance Profession: The View from the Inside”. These are the interviews with known professionals in the area of corporate ethics and compliance who share interesting aspects of their work, ideas, views and useful materials.

Our today’s guest is Ario Dehghani. He came to Ukraine from Germany…

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Dear Lawyers, Get Equipped and Educated in Corporate Compliance and Ethics

Dear Lawyers, Get Equipped and Educated in Corporate Compliance and Ethics

It is well known that lawyers are great at envisioning what could go wrong. To turn the viewpoint of what could go wrong into a particular preventative action is a major mindset shift. This requires almost becoming a compliance officer. And the complexity of the market within which businesses operate in Ukraine already requires this from lawyers.

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Does a Ukrainian Company Need a Code of Conduct?

Does a Ukrainian Company Need a Code of Conduct?

Code of conduct is a reference book for every ethics & compliance professional and every compliance officer probably knows company’s code of conduct by heart. But, have you ever asked yourself why code of conduct is so important for businesses all around the globe? Does it bring any tangible value to a company? Lastly, what happens if a company chooses not to have one? 

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From Cleaning-Up to Keeping Clean: Ukrainian Businesses Prone to Gradual Change in Behavior

From Cleaning-Up to Keeping Clean: Ukrainian Businesses Prone to Gradual Change in Behavior

Over the years, many companies have experienced the resistance to ethics and compliance. During decades, it was common to say that it was too expensive to build a compliance system. However, such penny-wise mindset to compliance led to a pound-foolish aftermath. Accordingly, business culture has started changing slowly. 

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