Day: June 28, 2019

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Trekking Through Compliance

Trekking Through Compliance-Episode 27, City on the Edge of Forever

In this episode of Trekking Through Compliance, we consider the episode City on the Edge of Forever which aired on April 6, 1967, Star Date 3134.
Compliance Takeaways:

  1. Small accidents and changes can lead to huge consequences.
  2. You can get a lot more done, if you don’t worry about who gets credit.
  3. How much can you do with the tools you have at hand?
Categories
Across the Board

Across the Board – Episode 27: Henry Wolfe on Board Selection

In this episode of Across the Board, I visit with Henry Wolfe, Chairman of De La Vega, Activist Investor and Author of Governance Arbitrage. We take a deep dive into his recent article; Director Selection Criteria at Public Companies is Poor – Here’s How to Fix It. Some of the highlights from the podcast include:

  • The GE Board was classic for diversity and captains of industry. What was wrong with it?
  • Where did the requirement for Board independence come from? Why is it the wrong question to ask?
  • What is glaringly missing from Board selection today?
  • What 3 categories do you suggest (at a minimum) for Board selection?
  • What 2 characteristics do you believe every Board member should have?
  • Why is competence the key requirement for Board membership?

Check out a copy of Wolfe’s article Director Selection Criteria at Public Companies is Poor – Here’s How to Fix It by clicking here.

Categories
This Week in FCPA

This Week in FCPA-Episode 160, the 6 Months to the Holidays edition

Tom and Jay are on opposite coasts yet again. But they are back together to consider Walmart, TechnipFMC and a host of other news from the world of compliance and ethics.  They are back  to discuss some of this week’s top compliance and ethics stories which caught their collective eyes.

  1. Last week Walmart, this week TechnipFMC. Harry Cassin breaks it down in the FCPA Blog. Dylan Tokar in the WSJ Risk & Compliance Journal.
  2. The pundits weigh on Walmart. Tom has a four part series (Part 1, Part 2, Part 3, Part 4) Mike Volkov has a 3-part series (Part 1, Part 2, Part 3) Matt Kelly says it’s the end of an era in Radical Compliance.
  3. How did Walmart’s $900+ in presettlement expenditures impact its final penalty? Dylan Tokar explores in the WSJ Risk & Compliance Journal.
  4. Mike Lynch takes the stand in London, says Meg Whitman wasn’t up to the job. Richard Crump reports in Law360.
  5. After FBI skewered DOJ gets conviction in Boston FCPA sting trial. Department of Justice Press Release.
  6. Internal control airball in Sacramento? Matt Kelly explores in Radical Compliance.
  7. What is the state of cyber security in mid-2019? Jonathan Rusch explores on Dipping Through Geometries.
  8. Does the EU whistleblower initiative enhance corporate culture? Pauline Blondet in CCI.
  9. Can regulators leverage monitors? Jay Rosen explores on CCI.
  10. Tom has a special 5-part podcast series this week, looking the current state of compliance with Terry Orr, MD of Kroll, who was the sponsor of the series. Check out the following: Part 1-Orr’s Journey to compliance; Part 2-significant FCPA enforcement actions; Part 3– the new DOJ Guidance; Part 4-Private Equity and Compliance; and Part 5-new challenges in healthcare compliance.  The podcast is available on multiple sites: the FCPA Compliance Report, iTunes, JDSupra, Megaphone,YouTube,  Spotifyand Corporate Compliance Insights,  Compliance Podcast Networkand now on the C-Suite Radio Network.
  11. AP Capaldo-Aoun and Marcia Narine Weldon join the Compliance Podcast Network with their new podcast Integrity Factor. Check them out here.
  12. Tom and Hanzo combine for a new eBook THE 2019 GUIDE TO INTERNAL INVESTIGATIONS FOR COMPLIANCE – An eBook on Planning, Protocols, Data Collection, Triage, and Remediation. It’s available for download at no charge here.

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.