By: Editorial Staff, Date: March 16th, 2021

The workforce never imagined a collective experiment in remote work, not until during the COVID-19 crisis. While many companies danced around the idea of telecommuting, it had never been adopted widescale with the traditional office paradigm still the dominant approach across industries. However, with an infectious pandemic, we were all forced to embrace change. Coming out of the other side of the tunnel, workplaces now face an entirely new set of work ethics issues.

Diligence and Accountability

Ideally, every worker takes their employment commitment seriously when hired and does his or her utmost to support the organization’s interest regardless of work location. This principle is based on the age-old concept of having a good character, a sense of responsibility, and discipline to not confuse personal wants with duties owed to another. However, remote work has fuzzed the lines considerably, especially given a person is literally working in their own private home where personal interests are paramount.

Life Balance Matters Even More

Ethical behavior in remote work comes with life balance and work productivity. However, these are difficult to achieve, given the various household distractions. Just because they are at home, companies can’t expect employees to be available 24/7 electronically, and employees need to be willing to dedicate the time and space to their work duties versus trying to mix everything up. At the same time companies need to do their part providing the equipment and tools to make work life happen remotely as well.  It is vital for companies to keep track of their employee’s needs and develop strategies to address the emerging ethical issues when working remotely. When employees can maintain life balance, they do far better with fewer temptations and challenges.

Note: The Knowledge Group continuously produces webcasts on this topic and other hot-buttons issues relating to Legal Ethics/Professional Responsibility to keep you ahead of the curve.

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CFIUS and the Global Venture Capital Funds: Trends, Updates, and Critical Issues Explored

Emerging developments have brought sweeping changes to the regulatory landscape of Foreign Investment Risk Review Modernization Act (FIRRMA) of 2018 and Committee on Foreign Investment in the United States (CFIUS). Recently, FIRRMA extended the scope of CFIUS review on covered transactions – a move which calls for a closer watch on foreign investments, export controls, and national security. Moreover, CFIUS also released its final regulations for mandatory filing process and requirements creating additional issues and challenges for all concerned practitioners.

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