Day: April 26, 2019

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Daily Compliance News

Daily Compliance News: April 22, 2019-the asking for a Ferrari edition

In today’s edition of Daily Compliance News:

  • McKesson employee compares asking for compliance resources to ‘asking for a Ferrari’. (New York Times)
  • Odebrecht scandal shows no sign of waning. (BBC)
  • Is Knicks’ owner James Dolan the worst owner in sports? (New York Times)
  • Brian Lamp signs off. (Wall Street Journal)
Categories
FCPA Compliance Report

FCPA Compliance Report-Episode 427, Hanzo Q1 2019 Compliance, Risk, and Regulations Research Roundup

In this episode I take things in a bit of a different direction as I am interviewed by Sean Freidlin, Senior Product Marketing Manager, Compliance at Hanzo, on a project commissioned by Hanzo which became a part of the Hanzo Q1 2019 Compliance, Risk, and Regulations Research Roundup. Sean explains what the resulting white paper provides and then queries me on some of the deep dives I took into several areas.  Some of the highlights from the podcast include:

  • What is the Hanzo Q1 2019 Compliance, Risk, and Regulations Research Roundup?
  • The approach in writing the Roundup.
  • What were key macro highlights from the WEF Global risk Report 2019?
  • What were key micro business highlights from the Allianz Business Risk Barometer-Top Business Risks?
  • What are some of the key regulatory enforcement priorities going forward into 2019?
  • Where has compliance been over the past 18 months and where is it headed going forward?
  • Where listeners can go for more information.

To obtain a full copy of the  Hanzo Q1 2019 Compliance, Risk, and Regulations Research Roundup, click here.

Categories
Daily Compliance News

Daily Compliance News: April 24, 2019-the bit player edition

In today’s edition of Daily Compliance News:

  • Opioid distributor faces criminal charges. (New York Times)
  • NCAA scandal; little fish=big charges. (New York Times)
  • Walmart investigates Flipkart’s compliance lapses and bribe paid to govt officials. (EnTracker)
  • How does the rest of the world see FCPA enforcement? (AsiaTimes)
Categories
Compliance Into the Weeds

Compliance into the Weeds: Episode 120-On the Ethical Tarmac

Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. In this episode, Matt Kelly (the coolest guy in compliance) and I take a deep dive into continued ethical, reputational and business imbroglio which Boeing finds itself in around the 737 MAX airliner, as the company finds itself on the ethical tarmac.
Some of the highlights include:

  • Where does compliance come into a sales strategy?
  • Who is responsible for entailing safety – the buyer or seller?
  • What does it mean from the compliance perspective is a safety upgrade is optional?
  • How does regulatory capture affect overseas sales?
  • What is the legal analysis around safety and options for safety upgrade on products?
  • Who should regulate the supply side-the government or the market?

For more reading check out Matt’s blog post “More on Boeing and Business Ethics”

Categories
Daily Compliance News

Daily Compliance News: April 25, 2019-the Give a Hoot edition

In today’s edition of Daily Compliance News:

  • Give a hoot: don’t pay bribes and you won’t go to jail. (BBC)
  • My boss told me to break the law-now what? (Washington Post)
  • What is ‘naked indecency’? (New York Times)
  • Boeing admits the obvious, sales in the tank in the wake of the 737 MAX scandal? (Washington Post)
Categories
Everything Compliance

Everything Compliance-Episode 45, the Drinkin’ the Kool-Aid edition

Welcome to the only roundtable podcast in compliance. Today, in Episode 45 we celebrate our newest addition to the Everything Compliance gang; Sarah Hadden. Sarah is the Publisher at Corporate Compliance Insights, taking the helm from founder Maurice Gilbert earlier this year. She is a journalist by profession and has been working in the compliance space, largely at CCI for the past six years. She brings a wealth of talent, knowledge and perspective to our happy band of commentators and help us to ‘drink the Kool-Aid’.

  1. Sarah Hadden discusses experiential learning. She uses that as a basis to consider what is effective training and how interactive training can lead to a new level of not simply effectiveness but awareness to recency bias which can cloud decision making. Sarah shouts out to internet service providers everywhere who were able to make the Mueller report available as soon as it was released.
  1. Matt Kelly discusses best practices around disclosing reporting data and using interactive technologies to improve Codes of Conduct, compliance policies and procedures. Matt rants on former White House Ethics Counsel, Stefan Passantino who urged Mazars USA not to comply with a subpoena that House Oversight Committee issued for Trump’s financial documents. That is ethics for you in TrumpWorld.
  1. Jay Rosen talks about repositioning compliance as a business generator. He discusses companies which see compliance as a business advantage and details how they do so. Jay shouts out to former White House counsel Don McGahn for being a “real lawyer” because he takes notes.
  1. Tom Fox, sitting in on this episode, uses the top three FCPA settlements of 2019 (MTS, Cognizant and Fresenius) to illustrate how the FCPA Corporate Enforcement Policy, announced in 2017 is being used in practice. He compares the three different types of resolutions used by the Justice Department and what it might mean for compliance going forward. Tom rants about Charles Van Doren and the quiz show scandals from the late 1950s.

The members of the Everything Compliance panelist are:

  • Jay Rosen– Jay is Vice President, Business Development Corporate Monitoring at Affiliated Monitors. Rosen can be reached at JRosen@affiliatedmonitors.com
  • Mike Volkov– One of the top FCPA commentators and practitioners around and the Chief Executive Officer of The Volkov Law Group, LLC. Volkov can be reached at mvolkov@volkovlawgroup.com.
  • Matt Kelly– Founder and CEO of Radical Compliance. Kelly can be reached at mkelly@radicalcompliance.com
  • Jonathan Armstrong–is our UK colleague, who is an experienced lawyer with Cordery in London. Armstrong can be reached at armstrong@corderycompliance.com
  • Sarah Hadden– the newest addition to our panel. Sarah is the Publisher at Corporate Compliance Insights. Hadden can be reached at Sarah@corporatecomplianceinsights.com

The host and producer (and sometime panelist) of Everything Compliance is Tom Fox the Compliance Evangelist. Everything Compliance is a part of the Compliance Podcast Network.
For additional reading, check out the follow resources:
Matt Kelly’s blog post, Three Ideas on Codes, Policies, and Tech in Radical Compliance.
For additional reading on the 3 top FCPA cases and how they were handled under the FCPA Corporate Enforcement policy, see Tom’s blog post FCPA Enforcement Going Forwardin the FCPA Compliance Report.
Jay Rosen’s article How to Reposition Compliance as a Revenue Generator on Corporate Compliance Insights.

Categories
Daily Compliance News

Daily Compliance News: April 26, 2019-the Endgame edition

In today’s edition of Daily Compliance News:

Categories
This Week in FCPA

This Week in FCPA-Episode 151 – the World Domination edition

Is the US utilizing FCPA enforcement for world domination? Recovering screenwriter Jay Rosen and frustrated novelist Tom Fox consider this while they also take a look at some of this week’s top compliance and ethics stories which caught their collective eyes this week. Stories include:

  1. Does the statute of limitations run while Trump is in office? Sara Kropf on Grand Jury Target.
  2. What is the compliance response to the Varsity Blues scandal? Sandra Erez reports on Corporate Compliance Insights.
  3. NYDFS cybersecurity requirements are live, is your organization ready? Michael McGrath in Corporate Compliance Insights.
  4. Matt Kelly has a twitter storm on Boeing, sales strategy and ethics. Check out the full storm on Radical Compliance. Tom and Matt take a deep dive into the imbroglio on Episode 120 of Compliance into the Weeds.
  5. Is the US using FCPA to garner world domination? Henry Astier opines on BBC.com.
  6. What are the best practices for managing employee hotline reports? Jaclyn Jaeger reports in Compliance Week. (sub req’d)
  7. What do the WME companies have in common? Aarti Maharaj in the FCPA Blog.
  8. Transparency challenges in CSR. Dunstan Allison-Hope in BSR.org.
  9. Tom is speaking at ECI’s IMPACT 2019 next week in Dallas about the importance of measuring the quality and maturity of your high quality E&C program. Regisration and information is availablehere.
  10. Join Tom and Jay at Compliance Week 2019 on May 20-22, in Washington DC. Listeners to this podcast can receive a $300 discount by using the code TOM300. You can check out the full agenda, see who’s speaking, and review registration information. 
  11. This week Tom visits with the team from Assent Compliance on Supply Chain Risk Management. Check out the following: Part 1-Who is Assent?; Part 2– Introduction to Supply Chain risk management; Part 3– Development of Supply Chain risk management; Part 4-Supply Chain failures; and Part 5-Market drivers for continued development. The podcast is available on multiple sites: the FCPA Compliance Report, iTunes, JDSupra, Panoplyand YouTube. The Compliance Podcast Network is now also on Spotify and Corporate Compliance Insights.
  12. Sarah Hadden joins the Everything Compliance as our latest panelist. Listen in on Episode 45, the Drinkin’ the Kool-Aid

Tom Fox is the Compliance Evangelist and can be reached at tfox@tfoxlaw.com. Jay Rosen is Mr. Monitor and can be reached at jrosen@affiliatedmonitors.com.
For more information on how an independent monitor can help improve your company’s ethics and compliance program, visit our sponsor Affiliated Monitors at www.affiliatedmonitors.com.