I was recently interviewed on the Refinitiv Sustainability Perspectives Podcast, hosted by Keesa Schreane. I was joined by Charmian Simmons – Performance Director at Refinitiv, Business Development Risk Expert. We discuss ESG in 2020 and beyond together the California Consumer Privacy Act and its impact going forward.
It is always great to move to the other side of the mic. Keesa is a great host (I made her promise to come on one of my podcasts) and Charmian was excellent. We discussed a wide range of topics which every compliance practitioner needs to be cognizant of going forward. Three highlights were what’s coming in the nearest future, what are the best tools for compliance officers and which are the 3 key items to set the game in 2020?
The Refinitiv Sustainability Perspectives (RSP) is a thought-provoking podcast series where we explore the role of responsible leadership and innovation across diverse industries. From ESG investing, to sustainable finance and social impact in our communities, we’re on a journey to leverage data and intelligence to make better business decisions. Get to know the latest trends, discover best practices, and learn from industry leaders. The future is open. Join us as we move forward together to shape it.
I hope you will check it out. I am now a subscriber and you should be as well. To check it out, click here.
Day: February 6, 2020
As far back as 2004, in Opinion Release 04-02, the DOJ realized this was an important part of an overall compliance program when it approved a proposed compliance program that had the following requirement, “Clearly articulated procedures which ensure that discretionary authority is not delegated to persons who the company knows have a propensity to engage in illegal or improper activities.” One tool that is often overlooked in the hiring process is the reference check. Many practitioners feel that a reference is not of value because prospective candidates will only list references that they believe will provide glowing recommendations of character. This leads to a pro forma reference check.
The hiring of someone who will perform business activities in compliance with anti-corruption laws such as the FCPA will continue to be as much art as science because the hiring of quality employees for senior management positions is similarly situated. But that does not mean a company cannot work to not hire those persons who might have a propensity to engage in bribery and corruption if the situation presented itself. The hiring process is just one more tool that can be utilized to build an effective and operationalized compliance program.
Three key takeaways:
- The hiring process is the first step in operationalizing your compliance program.
- The DOJ spoke to hiring as part of a best practices compliance program as far back as 2004.
- Reference checks are an underutilized part of the hiring process and a key internal HR control.
This week I have a special five-part podcast series where I am joined by Amii Barnard-Bahn to review some of the top business leadership failures of 2019. Today, we take a look at the continued leadership failures of Wells Fargo. Some of the issues we explore in this podcast include:
- The bank recently hired a new CEO, Charles W. Scharf, who is taking on one of the toughest jobs in the country.
- The bank has sustained an unremitting run of four years of crisis, unethical consumer practices with incentives that rewarded unethical behavior and poor/no controls. When will Wells Fargo finally turn the corner?
- Scharf and Wells Fargo will need to initiate a complete turnaround of culture, incentives and senior leadership.
About Amii
Amii Barnard-Bahn, JD, PCC, CCEP, CCEP-I is an executive coach who specializes in accelerating the success of legal and compliance executives and their teams. A leadership columnist for Compliance Week and Fellow at the Harvard Institute of Coaching, Amii previously shaped company culture and strategic initiatives as an executive (CAO, Chief Compliance Officer, and Chief Human Resources Officer) at companies such as McKesson and Allianz. Forbes has recognized Amii as “one of the top coaches for legal and compliance executives.”
Contact Amii
Executive Coach and Strategic Advisor
Barnard-Bahn Coaching & Consulting
Office: (510) 301-0400 | Email: amii@barnardbahn.com |website: www.barnardbahn.com
Resources
For helpful insights and actionable tips on accelerating your career, sign up for Amii’s bi-monthly newsletter at bit.ly/amiibbnews
In this episode of Life with GDPR, Jonathan Armstrong and Tom Fox are back to discuss the recent ICO announcement that it was extending the time for British Airways and Marriott to respond to its proposed fine and penalty. Some of the highlights in this episode include:
- What makes the background of the case so complex?
- What did the ICO say and why did they extend the deadline for BA to respond?
- What are some of the possible reasons for the delay?
- What if anything does Brexit have to do with this?
- In view of Brexit, will the EU be watching the ICO in this matter?
- What might be the relationship between the ICO and EU on data privacy going forward?
- Background of British Airways (BA) enforcement action.
Resources
Is the BA Fine in the Departure Lounge?
Cordery Breach Navigator
Your company culture and performance could be at stake due to how some people are making decisions in today’s world. As a leader, it’s your job to understand your risks and take action to mitigate negative effects on the company. It’s possible that you may not have realized that along with the change in generations in the workforce, there’s also been a change in decision-making processes.In today’s episode we’re going to dive into how things used to be, what has changed, and whether or not leaders can really do anything to mitigate the risk. Now is the time to level up your leadership!
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If you want to reach out to me directly, email alyson@vanhooser.com.
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