Day: February 12, 2020

ComplianceLIVE Episode 12: Get to Know Sanction Screening with Karan and Lucaya

Post author By ComplianceLIVE
Post date February 12, 2020
No Comments on ComplianceLIVE Episode 12: Get to Know Sanction Screening with Karan and Lucaya

Amanda is joined by “The Voice of ComplianceLine” Lucaya Brown and OG SanctionChat diva Karan Robinson to discuss sanction screening in the workplace.
Listen to the episode:

EPISODE NOTES

Want to see how SanctionCheck works? Check out our series of webinars:
https://www.gotostage.com/channel/sanctioncha
Check out more episodes and full episode videos at ComplianceLine.com, and don’t forget to subscribe on your favorite podcast platform!

31 Days to More Effective Compliance Programs

Executives Compensation and compliance incentives

Post author By admin
Post date February 12, 2020
No Comments on Executives Compensation and compliance incentives

A 2015 New York Times article by Gretchen Morgenson, entitled “Ways to Put the Boss’s Skin In the Game”, dealt with a long-standing question about how to make senior executives more responsible for corporate malfeasance? Her article had direct application to compliance programs and compensation for senior management tied to compliance. Morgenson said the issue was “Whenever a big corporation settles an enforcement matter with prosecutors, penalties levied in the case – and they can be enormous – are usually paid by the company’s shareholders. Yet the people who actually did the deeds or oversaw the operations rarely so much as open their wallets.”
She went on to explain the economic phenomenon of “perverse incentives” wherein executives are encouraged to take excessive risk because they can profit so much from them, all the while knowing they probably won’t have to pay any fines or face other costly consequences of their actions. To help remedy this situation, the idea has come to the fore about senior managers putting some “skin in the game.
Three key takeaways:

Perverse incentives are named that for a reason; they really are bad.
How can you create positive incentives in your organization?
There is a business response to the legal issue. Employ it.

Tags exec comp

Great Women in Compliance

#GWIC Wins

Welcome to the Great Women in Compliance Podcast, co-hosted by Lisa Fine and Mary Shirley. In this Episode 50, Mary Shirley and Lisa Fine sit down together for a very special episode.
After getting the chance to speak together about the best professional advice that listeners had ever received at the end of the year, Lisa and Mary received some great feedback from listeners. Some of the responses were about achievements of our community, and we took that feedback and decided to team up again in this latest episode which is all about celebrating in the “wins” experienced by listeners of the podcast who have taken the insight of our guests and people in the podcast community and moved their careers and/or professional development forward..
All of the feedback that Mary and Lisa receive, positive or negative, is important in developing the GWIC podcast and community. But there is nothing that brings more joy and pride than when they hear about how the podcast has resulted in favorable outcomes for their guests and listeners. This episode is a way to share that joy with all listeners and celebrate in the achievements of others. Because when one of us does well, collectively all of our boats rise.
Listen in to hear about the personal journeys of the listeners with the stories they have submitted and the feedback provided by guests. Lisa and Mary cap off the episode by sharing how hosting the podcast has touched each of their lives. You’ll also have the chance to hear how to snag yourself a huge Compliance Week professional development opportunity as one of the podcast’s valued listeners!
Join the Great Women in Compliance community on LinkedIn here.

Tags quick wins

Compliance Into the Weeds

Hogan Lovells Report on Compliance Budgets

Post author By admin
Post date February 12, 2020
No Comments on Hogan Lovells Report on Compliance Budgets

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 we take a deep dive into recent Hogan Lovell’s report High Seas: Steering the Course II Navigating bribery and corruption risk in 2020. We conclude with a special tribute to Bernie Ebbers and his role in creating the modern compliance professional.
Some of the highlights include:

What do the survey results say about the direction of compliance function spending?
Can companies manage risks in emerging markets when compliance spending is decelerating?
Technology can improve compliance efficiency but it can also improve compliance evasion.
Will CCOs be able to interpret data from ComTech tools?
What are the implications for the compliance discipline and CCO?

Resources
Hogan Lovell’s report High Seas: Steering the Course II Navigating bribery and corruption risk in 2020, click here.
Matt Kelly blog post, Compliance Resources Getting Tighter