Corruption Crime & Compliance Tom Fox and Mike Volkov Discuss Compliance Issues in 2025 and Trends for 2026 (Part 1 of 2)
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Jan 5, 2026 
Tom Fox, a seasoned expert in corporate ethics and compliance, joins Michael Volkov to explore key issues for 2025 and trends for 2026. They discuss the resilience of ethics amid turbulence and how it can be measured as a 'business premium.' The conversation turns to rising internal investigations, particularly around conflicts of interest, and the need for integrating ethics into compliance programs. They also touch on generational differences in ethical expectations and the increasing focus on trade enforcement and sanctions risks.
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Ethics As A Business Stabilizer
- Ethical values served as a stabilizing guiding light for companies during 2025's turbulence.
- Michael Volkov observed organizations translating ethics into measurable business goals and performance.
Conflicts And Treatment Drove Investigations
- Conflicts of interest and workplace treatment issues drove many internal investigations in 2025.
- Volkov and Tom Fox noted public scandals amplified expectations for ethical behavior and accountability.
Make Ethics Part Of Compliance
- Integrate ethics into the compliance function and rebrand programs as 'compliance and ethics' where needed.
- Tom Fox described clients naming compliance programs to include ethics and taking responsibility for ethical culture.