CONVERGE is in its 5th 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. This year the conference has gone virtual. 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 Salima Fajal. We visit about her presentation at Converge20 on Accountability Beyond Diversity & Inclusion.
It’s no longer enough to let your company’s Diversity, Equity, and Inclusion team—or more likely, the one DEI person you might have on staff—struggle to move the needle on equality. In 2020 and beyond, we ALL have a role to play in the movement for racial justice, perhaps no team more so than Ethics and Compliance. After all, failing to live up to your company values on behalf of all employees represents a significant risk. Join this session for an open, vulnerable conversation on how that accountability translates into your daily work, from leading the fight against bias to influencing company culture, monitoring social media activity, and more.
For more registration and information on Converge20, click here.
Day: September 22, 2020
In this podcast, I am joined by AMI Managing Director Rod Grandon. We engage in an in-depth discussion what the government expects from contractors. The heart of the business ethics and compliance program distils to three basic elements: PREVENT misconduct from occurring. DETECT misconduct when it occurs. CORRECT by taking appropriate steps to remediate the consequences of the discovered misconduct (internally, with customers, and with other stakeholders), to understand the root cause of the misconduct, and, based on the findings of the root cause analysis, to revise policies, practices, and controls to prevent similar acts in the future. Many of these same considerations are addressed in the United States Sentencing Commission Guidelines Manual (Guidelines) (as amended November 1, 2016), offering additional guidance for contractors to consider in developing and maintaining effective ethics and compliance programs. The Guidelines make clear that courts will assess effectiveness, at least for the purposes of federal sentencing, by determining whether an organization’s ethics and compliance program has been “reasonably designed, implemented, and enforced so that the program is generally effective in preventing and detecting criminal conduct.” To do so, the program must achieve two fundamental outcomes: (1) it must require the contractor to exercise due diligence to prevent and detect criminal conduct, and (2) otherwise promote an organizational culture that encourages ethical conduct and a commitment to compliance with the law.
Objective II is designed to provide a company with a “dynamic and iterative process for identifying and assessing risks.” For the compliance practitioner, none of this will sound new or even insightful, however the Framework requires a component of management input and oversight that was perhaps not as well understood.
The objective of Risk Assessment consists of four principles.
Principle 6: Suitable objectives.
Principle 7: Identifies and analyzes risk.
Principle 8: Fraud risk.
Principle 9: Identifies and analyzes significant change.
The SEC has made it clear that companies should be expanding their view of risk in implementing the COSO 2013 Internal Controls Framework. Obviously, risk assessments are a cornerstone of a best practices compliance program as laid out in the 2012 FCPA Guidance and in the DOJ’s Evaluation. The regulators are telling companies specifically that they should be seeing new risks that they need address because of the changes brought about by the new standard.
Three key takeaways:
- Risk assessments are required under the COSO 2013 Internal Controls Framework, the 2012 FCPA Guidance and almost all other best practices compliance programs.
- Look at your risks across your organization and not in a siloed manner.
- Risks, both determination and management of, changes over time so be cognizant of changes in business practices on the ground.
For more information on how to build out a best practices compliance program, including internal controls, check out The Compliance Handbook, 3rd edition.
On this special bonus episode of The Ethics Experts, we speak with Loren Sanders about how many different Learning and Development buckets there are, how vendors catch CVS’s attention, and how to get their business once their attention is captured.
Check out more episodes, and don’t forget to subscribe on your favorite podcast platform!
Tom Fox chats with Simon Greany, co-founder and Chief Learning Officer of Elucidat, in this week’s show. They discuss how technology can support communication and personalized learning, and how companies can scale online training beyond Zoom.
Technology Can Support Communication and Training
Technology can support communication and training through engaging, immersive online learning experiences, Simon says. He and his partners built Elucidat to make online learning scalable. Thus far, they’ve supported 17 million learners. Tom asks how the pandemic has impacted e-learning. Simon describes three ways COVID-19 has changed the industry:
- There’s a shift away from face-to-face training;
- Organizations respond to change more quickly;
- More data is being delivered.
He describes how Elucidat is supporting organizations to make the shift from in-person to online training.
Personalizing Training
“We all consume training differently,” says Tom. He asks how Elucidat approaches the differences in how people learn. Simon responds, “A philosophy that we have underpinned our product by is people-centered learning. We have a philosophy around six pillars: respecting time is one of those, and being personal is another. That’s really about respecting the audience, taking time to understand their individual needs, context and perspectives, and designing learning experiences that take those into account and adapting to them… [Using] multiple ways to invite someone in and support them in a way that’s comfortable and contextually right for them, but also in the format that works for them as well.” He describes how Elucidat supports personalization by enabling organizations to crowdsource their expertise. “If you’re going to use someone’s time wisely,” he argues, “you just need to give them what is relevant to them, not everything… What the technology does is to support core messages so that you can adapt, but not replicate everything all of the time.”
Scaling Beyond Zoom
Tom asks Simon how training can scale beyond the limitations of Zoom. “What we see is that the sustainable, longer-term strategy here… is to build digital online training experiences that can… be designed and iterated to really have that effect [the same effect as Zoom], but… can be rolled out in a consistent way,” Simon replies. “It’s a way of working that can actually be not only scaled, but lead to a higher quality over time, by pinpointing through data and analysis what’s working out there, and if it’s having the desired effect on the organization and its record-keeping.”
Resources
Elucidat.com
Simon Greany on LinkedIn
For the Elucidat free Compliance Resource Guide, click here.
Categories
It’s ALL About Relationships
The quality of your personal and professional life comes down to the quality of your relationships, but don’t take my word for it. Harvard University has been running a study on adult development since 1938, and that is what they concluded too.
Successful executives know it all comes down to how well they manage relationships with themselves, their staff, and their stakeholders. Almost every challenge you have in life has to root cause of a relationship issue.
In this #jammingwithjason #internalauditpodcast episode we dig into some of the things you need to be proficient doing every day, and every week to manage your self, stakeholders and staff so you can be an effective leaders.
Listen in at: http://www.jasonmefford.com/jammingwithjason/
I’m so passionate about this topic that I even created a whole executive leadership program to give CAEs the skills they need to succeed as a confident executive leader.
Even though it’s specifically designed for Chief Audit Executives, the topics and skill taught in the CAE Briefing Executive Leadership Program is relevant for anyone.
When you are ready to become a relationship ninja, register NOW at: https://jasonmefford.mykajabi.com/caebriefing
Ever feel like a “deer in the headlights” when you get thrown into a #fraud investigation? If you are like most people, at that point you start wishing you had guidance from a mentor or retired colleague. If your colleague was here now, what gems of experience and tricks of the trade would your colleague give you?
In this #jammingwithjason #internalauditpodcast you get that. The experience and advice of someone, who while not retired, has seen his share of fraud investigations in his career. So much so that he wrote a book on it to share the wisdom with others.
Listen in at: http://www.jasonmefford.com/jammingwithjason/
Craig Bristow is the author of “Practical Insights for Fraud Professionals: Lifting the veil on the dark art” and a Chief Audit Executive.
“Practical Insights for Fraud Professionals” reads like on-the-job training and provides sound practical guidelines on how to conduct all elements associated with fraud investigation. Both new and seasoned fraud investigators will find value in these applied techniques from Craig’s book and from his discussion on this podcast.
You can get a copy of Craig’s book at: https://www.amazon.com/Practical-Insights-Fraud-Professionals-Lifting/dp/1485120306/
