Day: September 6, 2019

Categories
The Ethics Movement

Jane Arnott on Risk Mitigation through Encouraging a Speak up Culture

CONVERGE19 is in its 4th year of bringing together the world’s leading companies for 2 days of dynamic speakers, thought-provoking breakout sessions, and opportunities to connect with like-minded professionals. You will leave the conference with new resources and best practices allowing you to continue the hard work of driving ethics to the center of your business. In today’s episode I visit with Jane Arnott, Associate and New Zealand representative of the Institute of Business Ethics and visit about her talk, Risk Mitigation through Encouraging a Speak up Culture.
Tt takes leadership along with a culture of trust and fairness to sustain employee loyalty and motivation. When misconduct occurs, that same culture must encourage speaking up or whistleblowing to both enable early intervention and prevent loss. Jane will draw on country-based surveys that explain why employees don’t speak up, the steps companies can take to improve this and how technology such as a Speak Up App can work to overcome employee fears and guide an effective speak up process.
For more information on Converge19, click here.
For more information on the Institute of Business Ethics, click here.
Categories
This Week in FCPA

Episode 170 – the Alabama Sharpie edition

As Walmart bans the sales of handguns and certain ammo and President Trump uses a sharpie to claim Hurricane Dorian is headed towards Alabama, Tom and Jay are back  to discuss some of this week’s top compliance and ethics stories which caught their collective eyes.

  1. How compliance led to Walmart’s decision to ban gun and certain ammo sales. Jaclyn Jaeger reports.
  2. Tom and Jonathan Marks author a compliance game plan for your first 18 months in the CCO chair. Tom blogs about the highlights.
  3. Wells Fargo reads NYT article and starts internal investigation after ignoring internal whistleblowers on closed accounts scandal.
  4. Texas woman violates FCPA in Africa adoption cases. Dick Cassin analyzes.
  5. What are some of the blind spots in customer due diligence? Sam Sheen considers.
  6. How can monitors help in the administrative procesedings? Jay explores in another post.
  7. How does compliance factor into Brexit? Jonathan Rusch provides yet but one example.
  8. The always great Jonthan Marks opines on the Juniper Networks enforcement action, considering the Board of Directors role. Tom and Matt Kelly consider it on this week’s episode of Compliance into the Weeds.
  9. Odebrecht spanked again, this time by Inter-American Development Bank. Dylan Tokar reports.
  10. Tom begins a preview of the Converge19 speakers in a special bonus series of podcasts on the Compliance Podcast Network. Check out the following: Tuesday-Rebecca Rehm and Matt Doherty on the Drip Drip Drip of Compliance Training; Wednesday-UB Ciminieri and Mark Thurman on the Code of Curiousity; Thursday-Norm Hodne on Bridging the Digital Divide and Friday– Jane Arnott on Risk Mitigation through Encouraging a Speak up Culture.
  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 registration 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.

Categories
Compliance Man Chooses the Target

Episode 8: Future of Compliance in Emerging Markets

Welcome to Episode 8 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 anticorruption enforcement. Today we will focus on future of compliance in the reality of emerging markets.
Target #1: What is Compliance?
During last ten years, Compliance Man has been witnessing interesting phenomena. Compliance became a popular concept in business and legal communities. Many countries have adopted laws, which deploy compliance philosophy. Many corporations have huge compliance departments. In the very same time, there is no universally acknowledged methodology what to consider compliance system or compliance as such. This problem extends far beyond borders of emerging markets being a global challenge for professional community. Compliance as professional occupation has to pass certain stages of development like internal audit did in early 2000s in order to form universally recognized standards.
Target #2: Next Generation of Compliance Professionals
Based on what we have discussed earlier on we came to another challenge, which is preparation of new generation of compliance professionals. Let’s take the following example. When employer hires a graduate from a law or medical school, he/she has a clue what knowledge and skills a graduate has. In case of hiring a young compliance professional, it is impossible to evaluate his/her academic proficiency as there are so many courses, trainings, academic programs which might not share even very basic compliance methodical approaches.
Target #3: Think Globally Act Locally?
Implementation of corporate anticorruption program in the reality of emerging markets requires necessity to address both local legislation and extraterritorial laws as for instance UKBA and FCPA. Big multinationals also have piles of internal ethical rules to be deployed at their subsidiaries internationally. In addition, as previously mentioned we have been witnessing a boom of local compliance initiatives and sometimes new laws which companies have to follow as well. As a result, compliance officer faces the necessity to implement many requirements, which sometime might contradict to each other. This situation is depicted in one of the releases of Compliance Man illustrated series http://complianceinpostussr.com/compliance-man-of-integrity-corp-episode-4-it-is-about-tailoring/
To be effective and in order not to get lost in various laws, ethical concepts and compliance philosophies it is right time for professional community to agree on basic principles of corporate compliance system, which will be acknowledged as minimal standards by practitioners worldwide.
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/
Categories
Daily Compliance News

September 6, 2019- the Bring out Your Dead edition

In today’s edition of Daily Compliance News:
  • Nissan execs simply awarded themselves extra bonuses. (FT)
  • Former Malaysian PM Najib Razak tried to get China to bail out 1MDB. (Bloomberg)
  • Dealbook asks—is the US ready to reign in big tech? (NYT)
  • MSU fined record amount for Nassar reporting failures. (WSJ)