"E-oversight is more important than ever during Covid-19" by Thomas A. Sporkin & Meredith Leeson (Bloomberg Law)
Bloomberg LawThomas A. Sporkin
Corporations determined to maintain employee productivity amidst the massive global shift to remote work triggered by the Covid-19 pandemic may not have given as much thought to a critical complication: How to oversee those employees and validate their ongoing compliance with policies, procedures, and internal controls that guard against fraud.
The concept of e-oversight is not new, particularly for major U.S. corporations that have had to monitor international subsidiaries for compliance with the Foreign Corrupt Practices Act. But now the oversight function and international employees are each an additional step removed from one another, away from their customary resources and tools, and at a scale likely not anticipated.