The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu The leading online blog in the fields of corporate governance and financial regulation. Wed, 08 Apr 2026 11:32:13 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.8 https://corpgov.law.harvard.edu/wp-content/uploads/2024/02/cropped-photography-4-e1706898544564-1-32x32.png Compliance and Ethics in Risk Management – The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu 32 32 Compliance and Ethics in Risk Management https://corpgov.law.harvard.edu/2011/11/25/compliance-and-ethics-in-risk-management/?utm_source=rss&utm_medium=rss&utm_campaign=compliance-and-ethics-in-risk-management https://corpgov.law.harvard.edu/2011/11/25/compliance-and-ethics-in-risk-management/#comments Fri, 25 Nov 2011 14:45:49 +0000 http://blogs.law.harvard.edu/corpgov/?p=23193?d=20111125094549EST Editor’s Note: The following post comes to us from Carlo V. di Florio, Director, Office of Compliance Inspections and Examination at the U.S. Securities and Exchange Commission. This post is based on a recent speech by Mr. di Florio at the NSCP National Meeting, available here. The views expressed in the post are those of Mr. di Florio and do not necessarily reflect those of the Securities and Exchange Commission.

Today I would like to address two related topics that are growing in importance: the heightened role of ethics in an effective regulatory compliance program, and the role of both ethics and compliance in enterprise risk management. The views that I express here today are of course my own and do not necessarily reflect the views of the Commission or of my colleagues on the staff of the Commission.

In the course of discussing these two topics, I would like to explore with you the following propositions:

  • 1. Ethics is fundamental to the securities laws, and I believe ethical culture objectives should be central to an effective regulatory compliance program.
  • 2. Leading standards have recognized the centrality of ethics and have explicitly integrated ethics into the elements of effective compliance and enterprise risk management.
  • 3. Organizations are making meaningful changes to embraced this trend and implement leading practices to make their regulatory compliance and risk management programs more effective.

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