Compliance Training Jeopardy

This foundational document sets out the shared values, expected behavior, and ethical standards for everyone at a company.

What is a code of conduct?

This principle holds that employees are expected to act in the company's best interest, avoiding decisions driven by personal gain.

What is the duty of loyalty?

This regularly scheduled requirement ensures employees review and re-affirm their understanding of a company's code of conduct.

What is annual compliance training?

This formal written promise, signed by employees after reviewing the code of conduct, confirms they have read and agree to follow it.

What is an attestation?

This principle holds that senior leaders must visibly model a code of conduct's standards, since employees take their cues on ethics from how executives actually behave.

What is tone at the top?

This situation arises when an employee's personal interests, such as a financial stake, could improperly influence decisions they make for their employer.

What is a conflict of interest?

This type of conflict occurs when a company hires or does business with a relative or close friend of an employee involved in that decision.

What is nepotism?

This practice requires employees to formally report situations, like an outside financial interest or a family tie, that could create a conflict.

What is a conflict of interest disclosure?

This term describes an employee holding a second job or business interest outside their main employer, which may need prior approval if it competes or conflicts.

What is outside employment?

This practice involves an employee stepping back from a decision entirely because a personal interest makes it impossible for them to stay objective.

What is recusal?

This term describes giving money, gifts, or favors to influence the improper actions of someone in a position of trust, such as a government official.

What is bribery?

This 1977 U.S. law prohibits American companies from bribing foreign government officials to obtain or retain business.

What is the Foreign Corrupt Practices Act?

This UK law, which took effect in 2011, is known for its broad reach and for banning bribery between private parties as well as bribery of officials.

What is the UK Bribery Act?

This small, unofficial payment is made to speed up a routine government action the payer is already entitled to receive.

What is a facilitation payment?

This process, performed on new vendors, agents, or business partners, screens for corruption risk before an organization enters into a relationship with them.

What is due diligence?

This principle, common to modern privacy laws, holds that a company should collect only the personal data it actually needs for a stated purpose.

What is data minimization?

This 2018 European Union regulation set a global benchmark for data protection and privacy requirements.

What is the GDPR?

This process requires a company to obtain a clear, affirmative agreement from a person before collecting or using their personal data for a given purpose.

What is consent?

This term describes the unauthorized access, disclosure, or loss of personal or confidential company data.

What is a data breach?

This principle limits an employee's access to confidential data to only what is necessary to perform their specific job duties.

What is the need-to-know principle?

This confidential channel, often a phone number or web portal run by a third party, lets employees report suspected misconduct without giving their name.

What is a whistleblower hotline?

This term describes an employee who reports suspected illegal or unethical conduct within their own organization.

What is a whistleblower?

This legal safeguard shields an employee who reports misconduct in good faith from being fired, demoted, or otherwise punished for speaking up.

What is protection against retaliation?

This U.S. law, passed in 2010 after the financial crisis, created a program paying monetary awards to whistleblowers who report securities violations.

What is the Dodd-Frank Act?

This federal agency runs the program that can pay monetary awards to whistleblowers whose original information leads to a successful securities enforcement action.

What is the Securities and Exchange Commission?

This early-2000s energy company's collapse, driven by accounting fraud that hid billions of dollars in debt, became a byword for corporate scandal.

What is Enron?

This telecommunications company's accounting scandal, uncovered in 2002, involved inflating assets by billions of dollars through improper accounting.

What is WorldCom?

This German automaker admitted in 2015 to installing software in diesel vehicles that cheated on emissions tests.

What is Volkswagen?

This financier orchestrated a decades-long Ponzi scheme, one of the largest in history, which collapsed in 2008 and led to his imprisonment.

Who is Bernie Madoff?

This blood-testing startup's fraud, exposed by investigative reporting in the mid-2010s, led to criminal convictions of its founder for deceiving investors and patients about its technology.

What is Theranos?