In this special five-part podcast series, I visit with Dr. Pat Harned, President of the Ethics & Compliance Initiative (ECI), about the organization’s 2021 Global Business Ethics Survey (GBES). Since 1994, ECI has conducted this cross-sectional study of workplace conduct from the employee’s perspective. ECI’s GBES data provides the only global benchmark on the state of ethics and compliance (E&C) in business. This year’s GBES is the first compliance related survey conducted after the global pandemic hit. It has significant information for the compliance professional which they need to consider for every compliance program, literally on a world-wide basis.
While a multitude of factors influence ethical behavior, the GBES reports interplay of four major ethics outcomes are tied to the daily decisions employees make with respect to how they behave in the workplace. These are: pressure in the workplace to compromise ethical standards; observations of misconduct; reporting misconduct; and, ultimately, the retaliation perceived by employees after they reported misconduct. Some of this year’s findings are quite troubling as they are clearly trending in disturbing directions. Over this series we review the key findings, how retaliation against whistleblowers has taken an alarming turn, the impact of Covid-19 on compliance, closing with conclusions and recommendations. In Part 3, we consider the GBES findings around retaliation.
Join us for Episode 4, where we consider Covid-19 and its impact on employees. To obtain a copy of the Survey, click here. To find out more about ECI, click here.
Day: March 17, 2021
In this edition of Cordery Head to Head @ Home Cordery’s Jonathan Armstrong talks to Tom Fox.
Tom is one of the US’s leading compliance commentators. Tom joins us from his home in Houston, Texas. Tom has practiced law in Houston for 30 years. He is now an Independent Consultant, assisting companies with anti-corruption and anti-bribery compliance. He was previously General Counsel at Drilling Controls, Inc., a worldwide oilfield manufacturing and service company. Before that he was division counsel with Halliburton Energy Services, Inc. where he supported Halliburton’s software division and its downhole division.
Listen to the episode now:
Tom is the author of the award winning FCPA Compliance and Ethics Blog and the international best-selling book “Lessons Learned on Compliance and Ethics”.
Tom talks about the challenges of investigations and how to improve your compliance program. He talks about the specific issues caused by the pandemic and the need to look at how the compliance risks have changed in every organisations. He also speaks about how investigations always have the benefit of hindsight and how regulators may not make allowances for the current pandemic in future investigations. He gives practical tips that you can do now to avoid issues in the future.
You can watch some earlier films with Jonathan and Tom chatting in London here https://www.corderycompliance.com/cordery-head-to-head-tom-fox-on-importance-of-customers-in-compliance/
You can find out more about Tom and listen to his podcasts here http://fcpacompliancereport.com/
You can find out more about Cordery and its work here https://www.corderycompliance.com/.
You can also read about current issues in dealing with the pandemic here https://www.corderycompliance.com/category/covid19/
There is more on Cordery’s work in investigations here https://www.corderycompliance.com/internal-investigations/
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. This week Matt and Tom take a deep dive into a recent speech by SEC Commissioner Caroline Crenshaw on a new philosophy in SEC financial penalty enforcement.
Some of the issues we consider are:
- Who is SEC Commissioner Caroline Crenshaw?
- What was the 2006 policy regarding enforcement priorities?
- What changes did Commissioner Crenshaw propose?
- What about the timing of the remarks?
- Is this a response to the Supreme Court decision in Lui?
- What does this mean for compliance officers?
Resources
Matt’s blog post on Radical Compliance:
SEC Enforcement Speech, Umm Wow
2006 SEC Enforcement Policy Statement
Welcome to the Great Women in Compliance Podcast, co-hosted by Lisa Fine and Mary Shirley.
We’re pleased to introduce our latest two part series on Great Women in Compliance this week – a focus on Healthcare Compliance! In part one we speak with Donna Schneider Lifespan Vice President, Corporate Compliance and Internal Audit. In an unconventional start for GWIC, we begin the episode by level setting on the topic of what Healthcare Compliance is compared with similar industry areas and some of the unique topics that fall under Healthcare Compliance, both in the US and internationally before launching into Donna’s fascinating background as a healthcare provider herself initially, before joining the Compliance realm.
Donna shares her subject matter expertise by commenting on pressing issues of the day for Healthcare Chief Compliance Officers. For anyone looking to transition into Healthcare Compliance, you’ll want to tune into this episode as Donna shares her tips for those job hunting and in particular hoping to be a Healthcare Compliance professional.
Donna and Mary also ruminate about the benefits of Compliance certifications and volunteering – they could just set you a apart as a shining candidate in a job search.
We seek Donna’s advice for Compliance Officers seeking zen and balance after your temper has been tested at work. Tune in for tips from someone who has seen and done a lot in her career and unsurprisingly has some sound tips to take away to keep a sense of calm in even the most stressful of moments.
Mary wraps up the episode with the first of a two pronged speak up campaign – the first prong focuses on the deterrent that staff believe that speaking up is futile. Tune in to our second episode in the Healthcare Compliance series to hear from Mel Sponholz and the second step in Mary’s speak up campaign.
We like to share advice and tips on the podcast via our learned guests but some things don’t have immediate answers, including some aspects of what we’ve canvassed today. If you’d like to share your thoughts on the issues raised, we invite you to connect with us at GWICpod@gmail.com.
The Great Women in Compliance Podcast is proudly featured on the Compliance Podcast Network and sponsored by Corporate Compliance Insights. If you enjoyed this episode please subscribe to the podcast and rate it on your podcast player to help other compliance professionals find it. Want to hear more from us? We have a book, “Sending the Elevator Back Down: What We’ve Learned from Great Women in Compliance” (CCI Press, 2020) which is available on Amazon.com and Book Depository.
If you’ve already read the booked and liked it, will you help out other women to make the decision to leverage off the tips and advice given by rating the book and giving it a glowing review on Amazon?
As always, we are so grateful for all of your support and if you have any feedback or suggestions for our 2021 line up or would just like to reach out and say hello, we always welcome hearing from our listeners.
You can subscribe to the Great Women in Compliance podcast on any podcast player by searching for it and we welcome new subscribers to our podcast.
Join the Great Women in Compliance community on LinkedIn here.
