Day: May 29, 2019

Categories
FCPA Compliance Report

Bonus Episode-Compliance Week 2019 Wrap Up

In this special bonus podcast, I am joined by the co-hosts of Great Women in Compliance, Lisa Fine and Mary Shirley as well as Amii Bernard-Bahn. We all participated in the recently concluded Compliance Week 2019 and we sat down to provide some of our reflections on the conference. This podcast cross-posts on Great Women in Compliance. The episode is sponsored by Corporate Compliance Insights.  Some of the highlights include:
Lisa Fine– the Key Note Presentation by Preet Bharara. Some of the highlights for Lisa were:

  • Doing the right thing can often be the most expedient thing as well.
  • The problems when you go right up to the ethical line.
  • His career advice regarding learning the business side of things.

Mary Shirley– the presentation by Lisa Beth Lentini, Subhashis Nath and Robert Appleton on the behavioral science behind corporate compliance. Some of the highlights for Mary were:

  • The benefits of metrics in a best practices compliance program.
  • Her surprise when the audience was polled that fewer than one-half in attendance are currently using data analytics in their corporate compliance programs.
  • Data science will be a key component of compliance officers in a very short time.

Amii Bernard-Bahn-the reaction to and participation of the audience in two sessions Amii led on careers in corporate compliance. Some of the highlights for Amii included:

  • Compliance professionals are now thinking of their careers 3-5 years down the road.
  • CCOs are actively considering Board roles as a part of their compliance careers.
  • What are some of the business leadership skills a compliance professional needs to move to non-compliance roles in the C-Suite.

Tom Fox-the Key Note address by Hui Chen on where compliance has been, where it is now and where it is going in the 2020’s and beyond. Some of the highlights for myself were:

  • A review of the five decades of compliance.
  • The current challenges for the compliance professional.
  • Where is compliance and ethics headed into next decade.

For additional reading on Compliance Week 2019 see the following blog posts:
On the Importance of Compliance Programs
Three Compliance Lessons from Preet Bharara
Looking Forward in Compliance With Hui Chen
 Subscribe to the Great Women in Compliancepodcast, co-hosted by Mary Shirley and Lisa Fine.
For more information on this episode’s sponsor—Corporate Compliance Insights, check out their website here.

Categories
Daily Compliance News

Daily Compliance News: May 29, 2019-the Workers Unite edition

In today’s edition of Daily Compliance News:

  • Braskem Board OK’s $101MM for corruption settlement. (Reuters)
  • Mexican steel company shut down by Mexican government for AML violations. (FT)
  • Workers of America unite? (Washington Post)
  • The long road ahead for Fiat-Chrysler/Renault. (NYT)
Categories
Great Women in Compliance

Episode 21-Compliance Week 2019 Wrap Up

In this special bonus podcast, the co-hosts of Great Women in Compliance, Lisa Fine and Mary Shirley are joined by Tom Fox, host of the FCPA Compliance Reportas well as Amii Bernard-Bahn. We all participated in the recently concluded Compliance Week 2019 and we sat down to provide some of our reflections on the conference. This podcast cross-posts on Great Women in Compliance. The episode is sponsored by Corporate Compliance Insights.  Some of the highlights include:
Lisa Fine– the Key Note Presentation by Preet Bharara. Some of the highlights for Lisa were:

  • Doing the right thing can often be the most expedient thing as well.
  • The problems when you go right up to the ethical line.
  • His career advice regarding learning the business side of things.

Mary Shirley– the presentation by Lisa Beth Lentini, Subhashis Nath and Robert Appleton on the behavioral science behind corporate compliance. Some of the highlights for Mary were:

  • The benefits of metrics in a best practices compliance program.
  • Her surprise when the audience was polled that fewer than one-half in attendance are currently using data analytics in their corporate compliance programs.
  • Data science will be a key component of compliance officers in a very short time.

Amii Bernard-Bahn-the reaction to and participation of the audience in two sessions Amii led on careers in corporate compliance. Some of the highlights for Amii included:

  • Compliance professionals are now thinking of their careers 3-5 years down the road.
  • CCOs are actively considering Board roles as a part of their compliance careers.
  • What are some of the business leadership skills a compliance professional needs to move to non-compliance roles in the C-Suite.

Tom Fox-the Key Note address by Hui Chen on where compliance has been, where it is now and where it is going in the 2020’s and beyond. Some of the highlights for Tom were:

  • A review of the five decades of compliance.
  • The current challenges for the compliance professional.
  • Where is compliance and ethics headed into next decade.

For more information on this episode’s sponsor—Corporate Compliance Insights, check out their website here.
Subscribe to the FCPA Compliance Report.

Categories
Compliance Into the Weeds

Compliance into the Weeds: Episode 125-It’s Just Paper

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 go into the weeds to explore what exactly is sub-regulatory guidance and why the debate around it by the current administration is seemingly against not only the government’s interest but also business’ interest. Be sure and listen all the way through as Matt goes on a rant at the end of the podcast.
Some of the highlights include:

  • What were the remarks of Claire Murray that got Matt so riled up?
  • Is the Evaluation of Corporate Compliance Programs, 2019 Guidance just paper?
  • What would happen to a company which does not use the 2019 Guidance as a roadmap?
  • Why business’ support sub-regulatory guidance?
  • Why documentation is critical for multiple parts of a compliance program?
  • What do Murray’s remarks mean for the compliance practitioner?

For the full text of the remarks of Principal Deputy Associate Attorney General Claire Murray at the Compliance Week 2019 Annual Conference, click here.