Day: May 10, 2022

Mark Beyer – Into Energy, Expanding Risks and Building Out a Compliance Program

Post author By admin
Post date May 10, 2022
No Comments on Mark Beyer – Into Energy, Expanding Risks and Building Out a Compliance Program

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 Mark Beyer, the Ethics and Compliance Officer at Pedernales Electric Cooperative.

From Lockheed Martin, Beyer moved into the energy space to the oilfield services company Baker Hughes. There he worked under Trade Compliance Director Ellen Smith (check out Ellen’s story from December 2021 on The Compliance Life). He also improved his Compliance Toolkit at Baker Hughes.

Tool No. 5 was learning about compliance program building. A compliance program is far beyond rules, documents and organization. It is business process designed to operationalize compliance. He also learned how to message compliance into the front lines of business.

Tool. No. 6 allowed Beyer to expand the scope of his compliance knowledge, through learning about anti-corruption compliance. Here Beyer worked under At Baker he worked under CCO legend Jay Martin, who was known for his best practices compliance programs.

Resources
Mark Beyer LinkedIn Profile
Pedernales Electric Cooperative

Tags Baker Highes, CCO, compliance, Compliance Toolkit, Mark Beyer

Compliance Week Conference Podcast

Carrie Penman on More is Better! Empowering Compliance with Risk-Signal Data

Post author By admin
Post date May 10, 2022
No Comments on Carrie Penman on More is Better! Empowering Compliance with Risk-Signal Data

In this episode of the Compliance Week 2022 Preview Podcasts series, Carrie will discuss some of her presentations at Compliance Week 2022, “Navigating the Global Regulatory Environment.” Some of the issues she will discuss in this podcast, and her presentations are:

Engage in a conversation on how hotline data can become a critical flow of information that, like the proverbial canary in the coalmine, can tip the business off to issues. At the same time, they are much more easily addressed.
Explore how other business functions (e.g., accounting, marketing, sales) have a steady flow of data at their fingertips used to help the business make strategic decisions.
Discuss how hotline data can be used as a pivotal business tool to proactively guide important decisions across risk, compliance, and the business at large.

In this first full compliance conference in over 2 years, I hope you can join me at Compliance Week 2022. This year’s event will be May 16-18 at the JW Marriott in Washington DC. The line-up of this year’s event is first-rate, with some of the top ethics and compliance practitioners around.

Gain insights and make connections at the industry’s premier cross-industry national compliance event offering knowledge-packed, accredited sessions and take-home advice from the most influential leaders in the compliance community. Back for its 17th year, compliance, ethics, legal, and audit professionals will gather face-to-face to benchmark best practices and gain the latest tactics and strategies to enhance compliance programs. And many others to:

Network with your peers, including C-suite executives, legal professionals, HR leaders, and ethics and compliance visionaries.
Hear from 75+ respected cross-industry practitioners who are CEOs, CCOs, regulators, federal officials, and practitioners to help inform and shape the strategic direction of your enterprise risk management program.
Hear directly from the two SEC Commissioners and gain insights into the agency’s enforcement areas, and walk away with guidance on remaining compliant within emerging areas such as ESG disclosure, third-party risk management, cybersecurity, cryptocurrency, and more.
Bring actionable takeaways back to your program from various session types, including ESG, Human Trafficking, Board obligations, and many others, to listen, learn and share.
The goal of Compliance Week is to arm you with information, strategy, and tactics to transform your organization and your career by connecting ethics to business performance through process augmentation and data visualization.

I hope you can join me at the event. For information on the event, click here. As an extra benefit to listeners of this podcast, Compliance Week is offering a $200 discount on the registration price. Enter discount code TFLAW $200 OFF.

Tags Carrie Penman, compliance, Compliance Week, CW 2022

The ESG Compliance Podcast

Practical ESG That Cuts Through The Fluff With Lawrence Heim

Post author By admin
Post date May 10, 2022
No Comments on Practical ESG That Cuts Through The Fluff With Lawrence Heim

Lawrence Heim joins the podcast to discuss PracticalESG, the CCRcorp-run blog working to provide ESG information in bite-sized pieces, SEC’s proposed framework and its contents, the processes of regularizing standards, and what organizations must do to ensure accurate tracking and reporting.
▶️ Practical ESG with Lawrence Heim:
Key points discussed in the episode:
✔️ Practical ESG receives tons of positive feedback and aims to cut through the fluff and marketing.
✔️ With an expert advisory board, PracticalESG has had in-depth contributions on climate issues, investor perspectives, corporate culture, and how they all relate to a successful ESG program.
✔️ Just recently, the ISSB has made public a new multi-jurisdictional working group of regulatory agencies in the accounting and securities arenas for a number of countries.
✔️ Convergence is the process of establishing standards as regulatory. When IFRS adopts a standard, it isn’t automatically established as regulatory. Countries must go through legal and administrative processes to make them enforceable. FASB is responsible for this function in US jurisdiction.
✔️ The SEC’s proposed framework has three scopes: direct emissions, third-party emissions, and supply chain emissions.
✔️ Lawrence Heim notes a potential misunderstanding in the SEC proposal: CO2 emissions reporting by companies to EPA is limited to operations that emit 25,000 tons of CO2 annually – either directly from their locations or as a result of third-party combustion of the products manufactured (such as gasoline). EPA’s CO2 emissions reporting will not ease the proposed SEC emissions calculation burden for companies that are below the EPA threshold.
✔️ Manage and track responses to information requests in your organization. With receptionists, monitor how they reply to more technical questions and equip them with the right tools and know-how.
Lawrence Heim is the Editor of CCRCorp’s ESG platform, PracticalESG.com, where he shares insights based on over 35 years of supporting companies in environmental, health & safety compliance and management. He’s led various types of non-financial audits, designed corrective action programs and helped implement sustainability programs. He spent nearly a decade in-house at a Fortune 150 manufacturer and went on to help create the Global Environmental Risk Consulting Practice at Marsh USA. Later, Lawrence founded & led the Sustainability practice at Elm Consulting Group, and most recently, he led the development of supply chain due diligence standards at the Responsible Business Alliance/Responsible Minerals Initiative. When the SEC’s conflict minerals rules were under consideration, Lawrence was the only non-financial auditor selected to give testimony to the Commission. In 2018, he published the book “Killing Sustainability.” Lawrence also sits on the board of ASSET, a non-profit anti-slavery organization.

Tags ESG, Lawrence Heim, PracticalESG

Innovation in Compliance

Marketing for the Future with Paula Zirinsky

Post author By admin
Post date May 10, 2022
No Comments on Marketing for the Future with Paula Zirinsky

Paula Zirinsky is the co-founder and Chief Strategist of Structura Strategy Group, a company that specializes in marketing advice that helps companies build a strategic foundation. Tom Fox welcomes her to this week’s show to discuss the unintended effects of the pandemic within the workplace and how marketing benefits the company when the board takes it seriously.

Mentor and Career Inspiration
Paula calls Harold Dobbs the best boss she ever had. Dobbs was originally her mother’s eccentric boss who was the head of a liquor company, and he was very marketing and promotional oriented. He later opened a cooperative advertising business for liquor stores, where he gave her a job photocopying promotional flyers and putting them into envelopes. At the end of each workday, he thanked her for all the work she put in that day and how the company would not have existed without her help. As he was such an attentive boss who was passionate about his work, he instilled this enthusiasm for marketing and a strong work ethic in Paula and also demonstrated how to show appreciation for your employees.

Unintended Effects of the Pandemic
Tom asked Paula to explain some of the unintended effects of the pandemic. Paula explains due to the pandemic, companies introduced various wellness programs so that they could directly speak to their employees and stay in touch with people; they most likely would not have reached out to pre-pandemic. This simple task helped companies become aware of their employees’ needs, which is a positive effect of the pandemic. Another unintended effect is remote working and how it gave rise to new opportunities never seen before. As a result of the stay-at-home mandate, employees were forced to work from home, which allowed jobs to have access to a geographically dispersed talent base, which created jobs for people on a national and even international scale.

The Benefits of Marketing
Tom asks Paula how marketing impacts the board of directors of a public or private company. Paula explains that there are three main ways how marketing impacts the board. Firstly, “Marketing will enhance how the company, the board, and the executive team are seen and perceived. Marketing works with the branding purpose, vision, and mission of the company.” When the board accepts all marketing strategies designed to help, the company will flourish, as both clients and employees enjoy working with the company. She adds that marketing allows the company to look at their clients and see what they are missing and how to rectify it. Lastly, boards have to take into account the lack of diversity on their committees and the absence of marketing experts. According to a study done in 2019, the majority of Chief Marketing Officers are women. To have a successful company, there must be CMOs on the board, which will increase diversity in the workplace.

Invest in Marketing
Paula urges companies to invest more of their company resources in marketing. She states, “Sales are about today and what you’re getting in marketing is about building for the future – the growth of your company and the future of your company.”

Resources
Paula Zirinsky | LinkedIn | Twitter
Structura Strategy Group