In this episode of The Ethics Experts, Nick welcomes Deborah Barrett. Deborah serves as the VP and Chief Compliance Officer for Qualcomm Incorporated, a leading wireless technology company in San Diego, CA.
Categories
Day: April 11, 2022
Australia increases tariffs for products from Belarus and Russia; introduces luxury goods export sanctions for Russia.
The need for diversity, equity, and inclusion is obvious, but what does that mean from a corporate perspective? Tom Fox sits down with Chief Diversity and Inclusion Officer Kuma Roberts for a conversation about DEI in organizations and the all-round benefits that these values offer.
The Business Advantages of DEI
“Companies absolutely understand the business case for diversity, equity, and inclusion,” Kuma states, citing the rise in the CEO Action Network, as well as smaller chambers of commerce pushing to join the fight, as well. She believes that the corporate world has transitioned from it being the right thing to do, to being the smart and most profitable thing to do.
Defining DEI
Everyone understands diversity; it’s all the ways we differ. Equity refers to the access and opportunity for people who have been most disadvantaged. For Kuma, inclusion is when a variety of people have voice, power, and decision-making authority.
DEI Insurance Policy
We think of safety in organizations as something inherent and traditional. When considering diversity and inclusion as part of your organization’s culture, you create an insurance policy that ensures you will remain relevant, valuable, and sustainable for years to come.
Utilizing Soft Skills
Kuma gives a lot of credit to soft skills in her personal life. She speaks, from a corporate perspective, about the necessity of actively working with students to help them to understand important skills that will benefit them later on in the world of work.
The Significance of Data
When seeking out inequities across their communities, Kuma’s clients make use of various sources to aid them in understanding where there’s inequity, and how their organization can make an impact. ‘Learn to leverage data as a flashlight,’ is a phrase she loves, preferring to highlight areas where there are opportunities for improvement, rather than using data as a way to punish or vilify.
RESOURCES
Tom Fox’s email
Kuma Roberts | LinkedIn | Twitter
This episode of the FCPA Compliance Report begins a special two-part series with two well-known compliance professionals. Matt Galvin, most recently the CCO at AB-InBev and Dan Kahn, former acting Deputy Assistant Attorney General of the Criminal Division, Chief of the Fraud Section, and Chief of the FCPA Unit. Dan is now in private practice at DavisPolk. In this Part 1 we take up the key issues around dealing with the DOJ including the factors which go into the decision to self-disclose, incentives and disincentives in compliance programs, internal investigations including who is involved and scoping an investigation, presenting information to the DOJ during the pendency of an investigation and negotiating the final settlement and post-resolution; including both ongoing reporting and continuing innovation in your compliance program.
Resources
Matt Galvin on LinkedIn
Dan Kahn at Davis Polk
In today’s edition of Daily Compliance News:
- Don’t piss off a MDL judge. (Reuters)
- Crypt wants stable regs. (WSJ)
- Glass Lewis says no to Goldman CEO pay. (NYT)
- Argentinian ambassador to Israel resigns after corruption conviction. (TimesofIsrael)
