Day: August 16, 2019

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This Week in FCPA

Episode 167 – the Good-bye and Hello edition

Jay kisses good-bye to the Red Sox season and says hello to the Patriots title defense. Tom enjoys the Astros having the best record in baseball. Together they are back  to discuss some of this week’s top compliance and ethics stories which caught their collective eyes.  1.    Should compliance lead the data privacy charge? Jessica Willburn says yes. 2.    How does the right to be forgotten impact monitoring in compliance programs. 3.    What are the Governance Implications of the Equifax and Facebook Settlements? Michael W. Peregrine explores. 4.    How improved processes can drive CCPA compliance. 5.    Designing the Tesla of compliance. 6.    Corruption and assurance. 7.    What is the intersection of dealers and the FCPA? Matt Kelly explores. 8.    The importance of PR in the anticorruption fight. 9.    What’s the international map for whistleblowers look like? 10. In a special 5-part podcast series, Jay Rosen explores everything you want to know about monitors but were afraid to ask. Check out the following: Monday-Introduction; Tuesday-post-resolution monitorships; Wednesday-pre-settlement monitorships; Thursday-Considerations when hiring a monitor; and Friday-costs. 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. Join Tom and Jay and a host of other great speakers and guest at Converge19 in Denver October 2 & 3. Listeners to this podcast can obtain a complimentary ticket by using the promotion code foxvip, for registeration and information, click 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.
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Trekking Through Compliance

Trekking Through Compliance-Episode 77 – The Savage Curtain

In this episode of Trekking Through Compliance, we consider the episode The Savage Curtain which aired on March 17, 1969 and Star Date 5906.4.
Compliance Takeaways:

  1. Executives behaving badly?
  2. Internal control work-arounds and overrides.
  3. Who watches the watchers?
Categories
12 O’Clock High-a podcast on business leadership

Leadership Lessons from Chester A. Arthur

Richard Lummis and I are back to continue our series of exploring leadership through the study of US Presidents. This episode begins a short series on Gilded Age Presidents, now largely forgotten. In this episode we take up Chester A. Arthur. Some of the highlights include:
  1. Educational and Professional Background of Chester A. Arthur.
  2. His time as a New York politician, including work in the Conkling Political Machine and as Head of Customs House and conflict with President Hays.
  3. His Stalwart Candidacy as Vice President.
  4. His election and short tenure as VP.
  5. Leadership issues from his Presidency, including the confusion on how to take office, his enactment of Civil Service reform, his work on the surplus budget and the tariff, immigration issues and Civil Rights in the South.Leadership Issues, including (a) What are your expectations? (b) How much does a leader’s health matter? (c) Arthur adopted a code for his own political behavior but subject to three restraints: he remained to everyone a man of his word; he kept scrupulously free from corrupt graft; he maintained a personal dignity, affable and genial though he might be.
Categories
Daily Compliance News

Daily Compliance News: August 16, 2019-the double trouble edition

In today’s edition of Daily Compliance News:

  • GE target of Madoff whistleblower. (WSJ)
  • Epstein death-murder or suicide. (Washington Post)
  • NY Attorney General subpoenas Sacklers bank recording. (NYT)
  • Did Nike pay Zion Williamson’s family? (ESPN)
Categories
Compliance Man Chooses the Target

Teamwork in Compliance

Welcome to Episode 7 of Compliance Man Chooses the Target with Tim Khasanov-Batirov. The goal is to highlight matters that should be on agenda of practitioners that deploy compliance programs in industries or countries of active FCPA enforcement. In next three minutes, we will target three specific matters that you might like to address in the course of implementation of your compliance program. Today we will focus on teamwork.
Target #1: Who is Your Team? While this question might sounds straightforward when we refer to organizational chart, the answer is not that obvious when we talk about the whole organization. Do you have supporters of Compliance movement among top managers? Do middle management and junior staff help you in promotion ethics? Do you have influencers among respected middle-level managers in your Compliance team now? Who should be in your Compliance dream team? If you have answers on these questions, it is much easier to plan efforts and evaluate rate of success of your ethics’ efforts in each department. Based on my experience even single individual who heads business function in the organization can block or in contrary stimulate efficient collaboration between all his subordinates and Compliance department.
Target #2: Engagement of Personnel from Various Hierarchy Levels. Based on my experience it is essential to raise awareness and engage in respective ways personnel from all hierarchy levels. There are at least two reasons do that. The first one is that personnel tend to raise in the organization so your efforts in engagement each individual will be bringing positive impact on each stage of his or her career. The second reason is that managers (primarily at the senior level) from time to time are assigned with new areas of responsibility. Thus, if such a senior manager is your Compliance ambassador he will expand or strengthen Compliance philosophy at his new area of responsibility as well.
Target #3: Why Things Might Not Work Well? Three killers of teamwork within Compliance department:

  • Absence of goals based on Key Performance Indicators for each individual;
  • Duplication of functions among compliance folks;
  • Absence of devotion to Ethics&Compliance in the team.

Join me for the next episode of Compliance Man Chooses the Target with Tim Khasanov-Batirov. 
Learn more compliance tips from Tim Khasanov-Batirov at:
http://complianceinpostussr.com/ & http://complianceinpostussr.com/blog/