Opinions

How prepared are boards of directors to face today’s increasingly uncertain and demanding global environment? Answering this question is key, given the strategic role boards play in companies. And the answer lies in each member’s individual experience as well as Read More

Trust is an essential value in our lives as part of a community; it constitutes the foundation of democracy and facilitates effective interaction, both personally and professionally. Trust is what underpins the faith and expectations we have in our institutions Read More

In March 2024, the U.S. Securities and Exchange Commission (SEC) sanctioned Delphia (USA) Inc. and Global Predictions Inc. for promoting artificial intelligence capabilities that didn’t exist. One claimed to personalize investments using AI, yet lacked the technology. The other presented Read More

Only two months into 2025, it is already shaping into a year of profound changes and strategic adjustments for companies. In a context marked by polarization, global tensions, and the rapid advancement of AI, organizations face a key challenge: strengthening Read More

An array of events is changing the world as we know it, alerting us about not only what we are already experiencing but also what could be to come. Armed conflicts, political, economic, and sociocultural crises, waves of migration, corruption, Read More

The Watergate scandal marked a turning point in history and led to the creation of one of the world’s most powerful anti-bribery laws: the Foreign Corrupt Practices Act (FCPA), a U.S. federal law that has had global repercussions, sanctioning companies Read More

Corporate governance is the foundation on which trust is built, and it is essential to understand that it is not just a matter of having a good board of directors, but also requires other factors, such as business ethics and Read More

Money laundering has gained prominence in recent years, taking center stage in several scandals that have shaken Chilean society. Envelope payments, fake invoices, the creation of shell companies, or the use of front men are just some of the tactics Read More

In September 2024, the U.S. Department of Justice (DOJ) published a new update to its Evaluation of Corporate Compliance Programs. These modifications respond to the need to adapt to the current context while reflecting the DOJ’s ability to evolve its approach Read More

The year 2024 will be remembered for its rapid changes and the scandals that shook our foundations. While artificial intelligence advances at an unstoppable pace, economic, political, and social crises confront us with an increasingly uncertain world. And as if Read More

In today’s global landscape, companies are navigating a complex array of challenges that are more diverse and demanding than before. They face increasing pressure from a broad spectrum of stakeholders to not only adopt sustainable practices but also uphold their Read More

Many parents can relate to this: when we ask our children, “How was school?”, the most likely answer is a brief “Good,” unless we follow up with more profound questions, the conversation ends there. The same thing happens in boardrooms. Read More

In today’s increasingly complex economic environment, corporate governance is critical in ensuring business resilience and long-term success. Companies are facing heightened uncertainty and rapid changes, from shifting market dynamics to evolving regulatory requirements. These challenges underscore why corporate governance is Read More

Boards of directors have a great responsibility to achieve company objectives, create value in the long term and consistently prioritize shareholder interests. Some of their main tasks are to oversee and guide the business strategy; protect the company’s finances; take Read More

With its risks and opportunities, the digital revolution is here to stay, and companies —even if they don’t want to— have to know how to join and adapt to it. On one hand, new technologies are transforming industries and adding Read More

As artificial intelligence (AI) continues to expand and acquire more power, companies are taking advantage of how it allows them to optimize their efficiency and productivity. By analyzing large amounts of data and automating tasks, AI is helping improve customer Read More

In December 2021, the White House presented the “U.S. Strategy on Countering Corruption” to modernize anti-corruption efforts, strengthening multilateral cooperation to focus on its transnational nature. The comprehensive five-pillar approach aims to prevent, mitigate and respond to corruption and associated crimes, reducing Read More

Susana Sierra is CEO of BH Compliance, which gathers real-time evidence about a corporate compliance program’s performance using Blockchain. Today, various Latin American countries are updating their corporate crime laws, imposing more requirements on companies in order to reduce their occurrence Read More

Environmental, social and governance factors have increasingly been gaining importance in business due to growing awareness among consumers, investors, regulators and society in general about companies’ impact on the world. I’ve found the “G,” governance, is often overlooked in business Read More

Compliance is not limited to guaranteeing the adequate fulfillment of each company’s internal regulations and policies but rather has a much deeper role within the organization. For example, having a strong compliance program can help prevent corporate crimes that impact Read More

Money talks. Based on this principle, the Department of Justice is implementing new efforts to tie employees’ compensation to compliance to confront corporate corruption with a clear focus: no company or person is above the law. This new approach seeks Read More

The United States Department of Justice has put compliance at the heart of its new policy to prosecute corporate crime. On March 2, DOJ Deputy Attorney General Lisa Monaco revealed important measures to complement the policy announced last September, which directly penalizes employees who Read More

Although it may seem a recent invention, Artificial Intelligence (AI) has been with us for decades, through our smartphones, in the algorithms behind social networks, predictive texts, voice assistants, and GPS navigation systems. We live with it every day, but Read More

Metaverse technologies are already revolutionizing how companies interact with customers, prospective clients, vendors, and teammates. In fact, corporations like Microsoft, Google, and Amazon have already built a virtual world to explore future sources of revenue. Nearly 25% of people will Read More

Addressing corporate crime is a priority for the U.S. Department of Justice (DOJ), as it not only affects direct victims, but puts jobs, savings, our economic security, financial markets, and even national security at risk. That is why, at the Read More

In an increasingly complex and competitive business environment, it is essential to recognize the importance of corporate governance in the effective management of companies – beyond business objectives—as it establishes a framework of responsibilities, rules, and ethical principles that should Read More

As innovations create seemingly endless opportunities, we face new risks. That is especially true regarding the metaverse, a technology being implemented much faster than the laws that regulate it. So, where does that leave compliance? First, why worry about the Read More

In the middle of a global climate and social crisis, companies are increasingly being exposed to demands related to their social and environmental impact. Having strong corporate governance has become a key component to building the environment of trust, transparency Read More

The world of compliance took a turn in September when the U.S. Department of Justice released a new game plan to address corporate crimes. For nearly a year, the DOJ’s Corporate Crime Advisory Group received feedback from academics, legal experts, business leaders Read More

2022 warned of its complexity from the very beginning. In addition to the effects of the pandemic, the global recession, and inflation, the supply chain crisis, new factors were now being added: a war that had been a threat for Read More

Chile is not an island and, therefore, is not immune to what happens beyond its borders. In a world that is increasingly integrated at multiple levels – not only in commercial matters – it is necessary to act following the Read More

The Covid-19 pandemic changed the world, altering our habits and how we function in society. Most of us witnessed or experienced how the workplace became one of the most impacted areas during the pandemic. It was during this time that Read More

Column of Susana Sierra, CEO, BH Compliance and Felipe Bezamat, Head of Advanced Manufacturing Industry, World Economic Forum. Source: WEF *** ESG criteria are not three single letters, but work as a whole. Having a strong ‘G’ for governance in supply chains can ensure Read More

The year 2022 has been a year of changes in the area of Compliance, changes that have followed a sustained trend of previous years and that could continue in future reforms, such as the potential publication of the criminal reform Read More

In a global world, where countries are becoming more and more integrated through trade, financial flows, and technological advances, we mustn’t stay only with the local reality and look at what is happening outside our borders, because without knowing it, Read More

Over time, compliance has gained its space, and although many saw it as a bureaucracy, today they have realized that it is a necessity. Compliance programs are a management system focused on the prevention of crimes that seek to benefit Read More

Peru is experiencing a delicate institutional crisis. In Argentina, we saw the assassination attempt of its vice-president Cristina Fernandez. Ecuador is experiencing the violence of organized crime. And in Brazil, citizens are getting ready to elect their new president, amid Read More

When companies don’t have coherence between what they say and what they do, or when they define themselves through marketing hype that does not reflect their true intentions or thoughts, the truth comes to light sooner rather than later. Today, Read More

By Susana Sierra, CEO BH Compliance Reality has taken over fiction, and this is demonstrated by great streaming successes based on real events. For example, the series WeCrashed tells the story of WeWork, a company that in 2010 came to Read More

In the last few days alone, we have heard news such as the fine imposed by the CMF on the director of Invercap for insider trading; the conflict of interest of the Director of Airports of the MOP, who participated Read More

When companies lack coherence between what they say and what they do, or when they define themselves through marketing actions that they neither feel nor think, sooner or later the truth will come out. Today, more than ever, it is Read More

This article first appeared in La Tercera on May 21, 2022. Corruption is on the rise, but we continue to see it as distant as if it could happen to others, but never to us. The big problem is that Read More

This article first appeared in La Tercera on May 2, 2022. Trust is more than a value, it is the basis for the development of any society, on which strong democracies are built, with upright institutions that watch over the Read More

This article first appeared in El Mostrador on April 27, 2022. Technology and its development opportunities have solved our lives in many everyday aspects, but they have also confronted us with ethical dilemmas and some risks that are of global Read More