On this episode of The Ethics Experts, we speak with Kortney Peagram about how corporate training and anti-bullying training in schools are connected.
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Day: March 20, 2020
On this episode of The Ethics Experts, we speak with Charlie Middleton about tax whistleblowing, corporate America’s leadership, and being an advocate for integrity in the workplace.
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On this episode of The Ethics Experts, we speak with Kristy Hart about the changes taking place in the data privacy world and implementing a general data protection regulation (GDPR) styled process.
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One thing is certain going into 2020 and beyond is that technology that will improve the efficiency of compliance and will assist in the operationalization of compliance into fabric of every business which embraces it. I would posit that the compliance professional who incorporates the techniques they advocate into their organization’s compliance program will not only move their compliance program forward but also make their company run more efficiently and, at the end of the day, more profitably.
AI is a step which weds the human interaction and experiences with the data which is available to every company – its own internal information which is most generally sitting in siloed verticals and not being used. This data can provide the foundation for business research and risk-forecasting models and AI. When you couple this data with the insights into what humans do well or poorly; you can pair the best of these two seemingly disparate incongruities. Moreover, when a compliance function embraces the use of AI and embraces this human and technological approach for forecasting and risk assessments and then keeps improving their risk management techniques, it will create a sustainable strategic business, compliance and intelligence advantage over its competition.
Three Key Takeaways:
- Use the big data in your own organization.
- Break down silos to get the data.
- Using the data in your own organization will drive greater business efficiency and greater profitability.
While the coronavirus dominated the news this past week, compliance doesn’t sleep and neither did we. Self-distancing Tom and Jay are back to consider some of the other top compliance articles and stories which caught their eye this week.
- Compliance Week has a plethora of articles relating to Coronavirus. Aaron Nicodemus considers why ethics pays; Jaclyn Jaeger on designing a crisis management plan and Dave Lefort on why ethical leadership is even more critical now.
- Chilling from home? Dick Cassin offers some good compliance-related movies for socially distanced compliance professionals in the FCPA Blog.
- Revisiting inherent conflicts of interest. Jeff Kaplan in the Conflict of Interest Blog.
- Coronavirus is no excuse for not being vigilant. Kevin Abikoff and Mike Huneke in the FCPA Blog.
- Charles Middleton says we should stop blackballing whistleblowers. In CCI.
- What are MLATs and are they abused? Dave Michaels and Aruna Viswanatha in the WSJ Risk and Compliance Journal.
- Mike Volkov takes a deep dive into an Anti-Trust Compliance Program in a 3-part series on Corruption, Crime & Compliance. Part 1-Risk Assessments, Part 2– Ethical Culture and Monitoring, Part 3- Training and Speak Up and Reporting Systems.
- What’s the Board’s role in the coronavirus crisis? Jonathan Marks in the BoardandFraud Blog.
- Is Managerial Entrenchment Always Bad and Corporate Social Responsibility Always Good? In the Harvard Law School Forum on Corporate Governance.
- Reflections on the Golden Boy from Jay.
- On the Compliance Podcast Network, Tom opens a new month by looking at the role of innovation in compliance on 31 Days to a More Effective Compliance Program. This week saw the following offerings: Monday-the Digital Twin and P&L of One; Tuesday-Superforecasting; Wednesday-blockchain for compliance; Thursday-Design Thinking for compliance; Friday-AI as a competitive advantage. Note 31 Days to a More Effective Compliance Program now has its own iTunes channel. If you want to binge out and listen to only these episodes, click here. This month’s sponsor is Affiliated Monitors, Inc.
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.
Where does creativity fit into compliance? In more places than you think. Problem-solving, accountability, communication, and connection – they all take creativity. Join Tom Fox and Ronnie Feldman on Creativity and Compliance, part of the Compliance Podcast Network to explore these issues. Today’s episode asks has your compliance training has been Conrona-Cancelled? We provide some things you can create to supplement your routine training and communication. Some of the highlights include:
- Create a virtual ‘Ethics and Compliance Live Show’ – a fun and entertaining way to communicate compliance topics.
- What might a show consist of?
- An original song;
- An Opening Monologue;
- A Top Ten list
- An original skit around compliance;
- Visit with the CCO about the skit;
- Virtual Q&A; and
- Closing compliance tune.
- How about a Colbert-style show?
- A Johnny Carson-style show?
- A David Letterman-style show?
- Always remember, you are only limited by your imagination.
- Maintain Fun – Variety and Surprise. Novelty breads engagement. Need to constantly switch it up. Try lots of little things.
- What are some of the additional pluses during this current time?
- These formats are powerful mediums that can be digested in small increments when working remotely.
- You can still make a personal connection.
- You can still educate and make the training/communication interesting.
- It can all be digested on the employees time.
Ronnie Feldman
Ronnie Feldman (LinkedIn)
Learnings & Entertainments (LinkedIn)
Ronnie Feldman (Twitter)
Learnings & Entertainments (Website)
60-Second Communication & Awareness Shorts – A variety of short, customizable, quick-hitter “commercials” including songs & jingles, video shorts, newsletter graphics & Gifs, and more. Promote integrity, compliance, the Code, the helpline and the E&C team as helpful advisors and coaches.
Workplace Tonight Show! Micro-learning – a library of 1-10-minute trainings and communications wrapped in the style of a late-night variety show, that explains corporate risk topics and why employees should care.
Custom Live & Digital Programing – We’ll develop programming that fits your culture and balances the seriousness of the subject matter with a more engaging delivery.
In today’s edition of Daily Compliance News:
- Will working from home require a cultural change? (WSJ)
- SwedBank fined $397 of AML violation. (WSJ)
- Dominoes is hiring. (Washington Post)
- Uber drives getting hammered. (Washington Post)
