Fairwords Weekly: Voluntary Self-Disclosure, Unapproved Communications Resources, Compensation Clawbacks, and Employee Communications in the Metaverse
March 9, 2023
“The Justice Department is looking to hit lawbreaking corporate executives where it hurts: their paychecks.”
– Dylan Tokar, Reporter, Wall Street Journal
This week, we explore the new Voluntary Self-Disclosure Policy and a pilot program that encourages companies to punish executives involved in criminal offenses through compensation policies recently introduced by the Department of Justice (DOJ). We provide insightful resources on reducing communications compliance risk on unapproved channels. Finally, we learn what to consider when preserving employee communications within the metaverse.
Unapproved communication channels, such as personal email accounts and messaging apps, can create significant risks for organizations, including legal and reputational issues. Therefore, compliance officers need a solution to monitor and analyze the risk of such communication channels to ensure compliance with regulations. However, achieving this may seem daunting. What do compliance officers need to consider when managing communications compliance? How is risk detected on these unapproved channels? What’s the deal with WhatsApp? Get all these questions answered and more in this Unapproved Communications Resource library.
Work emails are closely monitored and preserved, but things can get tricky for companies when work is done through texts, social media, and messaging apps. With the emergence of the metaverse, a new level of difficulty has arisen. Companies must understand how their employees communicate in the metaverse and what business-related communication to preserve for practical and legal reasons. The metaverse is a blanket term for various emerging technologies, including augmented reality. The approach may differ depending on the platform used, technological limitations, device issues, and contractual and legal issues. Policies and practices need to evolve as quickly as the metaverse itself.