Companies today are under increased pressure not just to perform well, but also to be socially responsible and fully compliant with laws and regulations. The pressure comes from all sides: from government regulators and prosecutors; from shareholders, activists and the media; and from consumers and a general public that is increasingly attuned to corporate misdeeds. The collective result is the simple fact that a tarnished reputation now presents serious institutional risk.
It’s no surprise then that a premium is placed on compliance efforts these days. But even if a company’s compliance program is flawless on paper, employees can get an entirely different message from the corporate culture. Companies that want to set the right tone on compliance are well served to pay close attention to internal practices that have the potential to produce commonplace violations, such as digital copyright infringement.