Notes from Dr. Borkosky

She retired from the Boeing Company in 2020 where she was chief ethics, compliance & administration officer, and a member of the executive council.

Sands’ departure and the new structure go into effect on May 1.

Sands technically served as head of Boeing’s audit function, in the sense that her Office of Internal Governance included corporate audit as part of its purview.

Presented in 18 languages with an interactive library. DS: The BELA community has been a great forum for collaboration and networking.

Here’s the relevant statement: To accelerate this important work and to build on the existing strength of its compliance and ethics program, Boeing soon will name a chief compliance officer who will be responsible for leading the company’s compliance, ethics and trade control activities. Copyright © 1995 - 2020 Boeing. As the company’s chief ethics & compliance officer, Sands leads Boeing’s ethics, compliance, corporate audit and trade controls activities. And I think just looping in and getting involved with the many different forums that BELA offers is a fantastic way to do it.

As Boeing’s principal interface with the board of directors’ audit committee, she led the company’s accounting function and was responsible for timely and transparent financial disclosures. Reporting to the CEO and to the audit committee of the board of directors, Diana led multiple groups including ethics, compliance, corporate audit, security and global real estate. Decode that corporate new-speak as you will, but one assumes all this more focused accountability and integrated approach stems from the governance disaster otherwise known as the MAX 737. Site Terms | Privacy and Cookie Statement | Ad Choices The excerpts below are from a 2019 Global Ethics Summit video interview. retiring and leaving Boeing after 20 years in various roles there. Internal audit will nominally roll into that group, which will be led by CFO Greg Smith — although with the standard caveat that internal audit will still report directly to the board’s audit committee. Diana Sands is senior vice president of the Office of Internal Governance and Administration for The Boeing Company and a member of the company’s executive council. Boeing said Diana Sands, senior vice-president of the office of internal governance and administration, will retire later this year and Jenette Ramos, senior vice-president of manufacturing and supply chain operations, will move to a special assignment. Other executives include Michael Arthur, Senior Vice President, The Boeing Company; President, Boeing International; Ted Colbert, Executive Vice President, The Boeing Company; President and Chief Executive Officer, Boeing Global Services; and 47 others.

Senior Vice President,Office of Internal Governance and AdministrationThe Boeing Company.

How can companies continue to drive excellence in ethics and compliance in today’s dynamic, global environment?

Previously, she held finance leadership roles including corporate controller, vice president investor relations and vice president financial planning & analysis.

Boeing has announced a sweeping reorganization of its risk assurance functions, where compliance will report into legal and internal audit will report into a new operations, finance, and strategy division.

As for Sands, she is retiring and leaving Boeing after 20 years in various roles there.

In this governance role, Sands reports to Boeing’s president and chief executive officer and to the audit committee of the board of directors. Diana Sands, Boeing’s head of internal governance and the … She is responsible for the advancement and effective implementation of Boeing’s internal governance policies and plans. • Previous to that she held financial positions at Ameritech Communications, Helene Curtis and Arthur Andersen. Perhaps to no surprise, then, Boeing also said it will name a new chief compliance officer, who will report to chief legal officer Gerry.

We’re certainly trying to advance culture, and we have a lot of conversations about that overall—but in various compliance areas, there’s a lot of hot topics that we have to address. All the company’s legal and compliance programs — including trade controls, ethics, and business conduct — will be consolidated into one group that ultimately reports to Brett Gerry, Boeing’s chief legal officer and executive VP of global compliance. If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware. A certified public accountant, Sands has a Master of Business Administration from Northwestern University’s Kellogg Graduate School of Management and a bachelor’s of business administration with an emphasis in accounting from the University of Michigan. In the following Q&A, Ethisphere Executive Vice President and Chair of the Business Ethics Leadership Alliance Erica Salmon Byrne had the chance to catch up with Boeing Senior Vice President of the Office of Internal Governance & Administration Diana Sands about building engagement and working together to advance standards of ethical business practice across the globe. I can’t tell from that language whether Boeing will be searching for a new CCO, or already has a specific candidate in mind.

It’s important to bring in the actual folks who are working those areas in our companies to engage with you, and with other companies. Diana L. Sands

Diana serves on the board of Start Early (previously the Ounce of Prevention Fund) as Treasurer and Chair-Elect.

Together we will innovate and operate to make the world a better place for future generations. As the company’s chief ethics & compliance officer, Sands leads Boeing’s ethics, compliance, corporate audit and trade controls activities.

Boeing also said it is establishing a new Enterprise Operations, Finance & Strategy Group, which will oversee everything from manufacturing to supply chain to finance to strategy and general administration.

She had been head of the Office of Internal Governance since 2013, and prior to that had been the company’s controller and vice president of finance.

If anyone out there has the low-down, feel free to let me know at.

Sands serves on the boards of the Ounce of Prevention Fund and World Business Chicago.

The experts engaged in discussions about building a strong company culture, innovation, and the need for leaders to model company values on a daily basis. EB: One of the things that I really appreciate about what Boeing has done is the way that you’ve engaged different functions across your business.

Boeing is committed to serving and supporting its customers. Boeing announced the news via press release on Tuesday, in what looks like a cost-cutting move — “streamlining senior leadership roles and responsibilities, and preparing now for the post-pandemic industry footprint,” as Boeing phrased it.

I did ask Boeing’s media relations department but haven’t heard back yet. Previous to that she held financial positions at Ameritech Communications, Helene Curtis and Arthur Andersen. Diana Sands is currently Senior Vice President, Office of Internal Governance and Administration, and Executive Council Member (retiring) at Boeing.

So CEO David Calhoun decided to unravel the independent governance function it had for years, and then weave those threads back into existing legal and finance functions. By Dan Clark | May 26, 2020 at 05:55 PM X

Let’s start with the ethics and compliance program.

As the company’s chief ethics & compliance officer, Sands leads Boeing’s ethics, compliance, corporate audit and trade controls activities.

Diana Sands is senior vice president of the Office of Internal Governance and Administration for The Boeing Company and a member of the company’s executive council. She is responsible for the advancement and effective implementation of Boeing’s internal governance policies and plans. Diana Sands is senior vice president of the Office of Internal Governance and Administration for The Boeing Company and a member of the company’s executive council. Sands’ departure and the new structure go into effect on May 1. As the company said: This approach will enhance Boeing’s already strong compliance and internal governance program through focused accountability for, and a more integrated approach to, Boeing compliance responsibilities.

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Diana Sands is senior vice president of the Office of Internal Governance and Administration for The Boeing Company and a member of the company’s executive council.

We use cookies to personalize content and ads, to provide social media features and to analyze our traffic. Wherever. Here’s the relevant statement: I can’t tell from that language whether Boeing will be searching for a new CCO, or already has a specific candidate in mind.

Sands also chairs the company’s Enterprise Services council which is responsible for driving cross-functional alignment of all internal services and providing optimized service delivery globally. Learn how to make the most of your NPT Donor-Advised Fund during Giving Season.

Prior to joining Boeing in 2001, she worked at General Motors, Ameritech Communications, Helene Curtis and Arthur Andersen.

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