Day: March 22, 2022

Audrey Harris-Move to Affiliated Monitors

Post author By admin
Post date March 22, 2022
No Comments on Audrey Harris-Move to Affiliated Monitors

The Compliance Life details the journey to and in the role of a Chief Compliance Officer. How does one come to sit in the CCO chair? What are some of the skills a CCO needs to success navigate the compliance waters in any company? What are some of the top challenges CCOs have faced and how did they meet them? These questions and many others will be explored in this new podcast series. Over four episodes each month on The Compliance Life, I visit with one current or former CCO to explore their journey to the CCO chair. This month, my guest is Audrey Harris, who handled FCPA cases prior the explosion of FCPA enforcement actions in the early 2000’s, sat in the CCO Chair, led compliance program work back in private practice and now is Managing Director for Global Anti-corruption, Compliance, Ethics & Non-Financial Risk at Affiliated Monitors Inc.

In this concluding episode, Audrey reflects on a key lesson which led her to join AMI. It is that an external monitor can be a Value-Add proposition for all-sides, Company Business, Company Compliance, External Counsel, Enforcement/Regulators and other Stakeholders. It is not a second investigation, nor should it be seen as a “gotcha”. Rather a monitor can present a path that can protect stakeholder and grow business, especially in this time of heightened awareness to social license and reputational risk. Audrey concludes that she loves the concept of turning a challenge into an opportunity and working at AMI on a monitorship team provides that opportunity.

Resources

Audrey Harris on LinkedIn

Audrey Harris on Affiliated Monitors, Inc.

Tags AMI, Audrey Harris, compliance

Compliance Kitchen

EU Sanctions Whistleblower Tool

Post author By admin
Post date March 22, 2022
No Comments on EU Sanctions Whistleblower Tool

EU rolls out an EU Sanctions Whistleblower Tool for anonymous reporting of sanctions violations.

Tags EU, EU Sanctions Whistleblower Tool, Silvia Surman, whistleblower

Greetings and Felicitations

Aly McDevitt on Ransomware Case Study, Part 1

Post author By admin
Post date March 22, 2022
No Comments on Aly McDevitt on Ransomware Case Study, Part 1

Welcome to the Greetings and Felicitations, a podcast where I explore topics which might not seem to be directly related to compliance but clearly influence our profession. In this episode, we begin a two-part series with Aly McDevitt, Data & Research Journalist at Compliance Week. We take a deep dive into her series case study on a ransomware attack on a fictional company. Highlights include:

·      Why this subject matter for a deep dive?
·      The research that went into the piece. How many people interviewed and how long was the research process?
·      Writing style. Locked yourself in a room and not come out until its done or more collaborative process with an editor?
·      Story Synopsis- how common is Betty’s mistake?
·      What is the role of the CIRT and MSSP? How critical was VE’s preparation to its ability to respond?
Resources
Ransomware case study in Compliance Week
Aly McDevitt

Tags Aly McDevitt, Compliance Week, ransomware, ransomware attack

The ESG Compliance Podcast

Pursuing ESG as an Academic Path for the New Generation with Jules Oringel

Post author By admin
Post date March 22, 2022
No Comments on Pursuing ESG as an Academic Path for the New Generation with Jules Oringel

This is perhaps one of the most unique stories in this podcast series.
Business sophomore Jules Oringel’s goal is to work in ESG and sustainability at a global, impactful organization.
Double-majoring in business administration with a concentration in ESG and human organizational leadership and development, Jules Oringel strives to make her passion into a professional career by immersing herself in environmentally-inclined projects to gain experience.
She also encourages people her age to do the same.
▶️ Pursuing ESG as an Academic Path for the New Generation with Jules Oringel:
Key points discussed in the episode:
✔️ Jules Oringel talks about her current studies and hobbies.
✔️ Jules Oringel gives a background on her childhood experiences that have greatly influenced her pursuit in ESG: entrepreneurial parents, losing a friend in a school shooting, and battling with anxiety.
✔️ Jules Oringel’s new purpose has opened her eyes to how policy and business work hand-in-hand and be part of the solution in protecting the planet.
✔️ Jules Oringel is heavily involved in designing an ESG program in her school. She cites her writings on Ben & Jerry’s sustainability strategy and Patagonia’s “Don’t Buy That Jacket Campaign” and the business classes she takes.
✔️Businesses can benefit financially from working towards ESG. Jules Oringel explains her preference for Patagonia coats and the responsibility of consumers to be more mindful of their purchases.
✔️ Companies should create products that are both sustainable and cost-effective. With the growing awareness of ethical consumption, companies are facing a new challenge: reducing prices by cutting production without risking employee welfare.
✔️ Jules Oringel points out the environmental implications of traveling and how organizations like TripDoodler are spreading the word on “sustainable traveling,” making it accessible, and creating employment and training for the youth.
✔️ The Kenan Scholars Program supports business students who aim to create social good in the private sector.
✔️ Only 100 companies have been responsible for 70% of global greenhouse gas emissions since 1988. The new generation of consumers vote with their dollars on brands that not only strive to reduce their environmental impact but also protect their employees.
✔️ Jobs that involve social and environmental impact require 5-10 years of experience.
✔️ The UN Sustainability Goals and how they can help companies align with this strategy.
Jules Oringel is a full-time student at UNC Chapel Hill pursuing a major in Business Administration (double concentration in Sustainability/ESG and Marketing) with a minor in Public Policy. Her goal is to positively influence social justice efforts at the intersection of the public, private, and nonprofit sectors, hopefully in the Corporate Social Responsibility world.
She enjoys exploring current opportunities for sustainability in business through inquisition, research, and ideation – taking these skills across the world in her work at TripDoodler, a startup based in Copenhagen, Denmark. She is also interested in nonprofit advocacy, as demonstrated by her leadership in gun violence prevention 501(c)3 Return Home Supplies. Her hobbies include international travel, fitness, watching college gymnastics, acoustic guitar, public speaking, and videography
LinkedIn: Jules Oringel
—————————————————————————-
Do you have a podcast (or do you want to)? Join the only network dedicated to compliance, risk management, and business ethics, the Compliance Podcast Network. For more information, contact Tom Fox at tfox@tfoxlaw.com.

Tags ESG, Jules Oringel, Kenan Scholars, UNC

Everything Compliance - Shout Outs and Rants

Everything Compliance – Shout Outs and Rants from Episode 96

Post author By admin
Post date March 22, 2022
No Comments on Everything Compliance – Shout Outs and Rants from Episode 96

<span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start"></span>
In this episode of Shout Outs and Rants, we submit the following for your consideration:
1.Jay Rosen rants about Mavericks owner Mark Cuban over the allegations of former GM Donnie Nelson that Nelson was fired for reporting a sexual assault of a Maverick employee.
2. Matt Kelly rants about West Virginia Senator Joe Manchin opposes electric cars because customers would have to wait too long at charging stations for batteries to be replaced (electric car batteries are recharged not replaced).
3. Jonathan Armstrong shouts out to TV show editor Marina Ovsyannikova who on live TV in Moscow, stood up to the President Putin by holding a sign which said, “Russian: “Don’t believe the propaganda. They’re lying to you here.” In English it said: “No war … Russians against war.”
4. Tom Fox rants about Texas AG Ken Paxton who once again disobeyed a District Court injunction forbidding the state of Texas from investigating the parents of transgender teens for child abuse.
The members of the Everything Compliance are:

Jay Rosen– Jay is Vice President, Business Development Corporate Monitoring at Affiliated Monitors. Rosen can be reached at JRosen@affiliatedmonitors.com
Karen Woody – One of the top academic experts on the SEC. Woody can be reached at kwoody@wlu.edu
Matt Kelly – Founder and CEO of Radical Compliance. Kelly can be reached at mkelly@radicalcompliance.com
Jonathan Armstrong –is our UK colleague, who is an experienced data privacy/data protection lawyer with Cordery in London. Armstrong can be reached at armstrong@corderycompliance.com
Jonathan Marks is Partner, Firm Practice Leader – Global Forensic, Compliance & Integrity Services at Baker Tilly. Marks can be reached at marks@bakertilly.com

The host and producer, ranter (and sometime panelist) of Everything Compliance is Tom Fox the Voice of Compliance. He can be reached at tfox@tfoxlaw.com. Everything Compliance is a part of the Compliance Podcast Network.

Tags DOJ, Donnie Nelsom, Joe Manchin, Ken Paxton, Marina Ovsyannikova, Mark Cuban

Innovation in Compliance

Risk Management and Corporate ESG with Dan Zitting

Post author By admin
Post date March 22, 2022
No Comments on Risk Management and Corporate ESG with Dan Zitting

Dan Zitting, previously Chief Product Officer, now holds the title of CEO at Galvanize, a software company that helps its clients achieve their goals and objectives. He is also now the Chief Product Officer of Diligence. Tom Fox welcomes him back to this week’s show to take a look back at the GRC professional’s role in corporate ESG and risk management.

GRC On The Frontline
A company’s defenses have to be in the remit of their GRC professional, not left up to the CSO. Dan remarks that while there is engagement by GRC professionals in minimizing company cyber risk, more needs to be done. GRC professionals have to ask themselves if they are managing cyber risk in ways that are helpful to the company’s CSOs, by providing tools and resources to support them. “There’s still work to be done in making sure that everything we’re doing from a policy, controls, and compliance standpoint is actually adding value for the CSO and helping them deploy their programs, as opposed to just feeling like they’re being checked on by the police to see if they’re doing it right,” Dan tells Tom.

ESG and Investment
Investor dollars are fueling the growth and expansion of ESG and aren’t only coming from investment funds anymore. Private equity firms and banks are getting involved. If someone wants to borrow money, insurance companies assess ESG risk as part of their overall risk management strategy. “If companies want to access capital, they need to have an ESG program in place,” Tom remarks.

A Role To Play
The best way, Dan suggests, to get GRC professionals to understand the ownership roles they have to play in ESG, is by creating a center of excellence for ESG. By creating this center, and making ESG a business objective, you can then split the responsibilities across the organization. “Splitting the responsibilities across those different lines of defense for those different functions in a way where somebody…can get a combined view of how effective we think we are from an ESG standpoint, should be the goal,” Dan adds.

The Importance of Real-Time Reporting
Real-time reporting is the G in ESG. Being able to give an accurate picture of risk to a company’s board is intrinsic to ESG, and is vital to acting on those risks efficiently. “Risk professionals too often are asking ‘Why don’t I have real-time information,’ instead of actually being the one out creating it and bringing in the technical skill necessary to be able to analyze data fast enough to get real-time insight,” Dan expresses. Governance in the present and future needs to move at a pace faster than it has in the past, in order to report on risks. Being able to point out to the board when governance is failing, so that measures can be implemented, is also extremely important.

Resources
Dan Zitting | LinkedIn | Twitter
Galvanize
Diligence