Day: March 31, 2023

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Principled Podcast

S9 E7 – What are FAR Requirements? Reviewing Federal Acquisition Regulation Compliance

What you’ll learn on this podcast episode

The Federal Acquisition Regulation, or FAR, is the primary guidance followed by federal agencies—including NASA, the Department of Defense, the General Services Administration, and all others when acquiring goods and services. It’s also a regulation with its own set of compliance requirements for government contractors. How does FAR differ from other regulatory guidance, and what do government contractors need to know to ensure they have an effective program in place? On the Principled Podcast, host Jen Üner talks with LRN colleague Eric Morehead about why the FAR compliance program requirements matter to broader E&C program effectiveness, and how government contractors can implement those requirements in practical ways.

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Guest: Eric Morehead

Headshot_Principled Podcast_Eric Morehead

Eric Morehead is a member of LRN’s Advisory Services team and has over 20 years of experience working with organizations seeking to address compliance issues and build effective compliance and ethics programs. Eric conducts program assessments and examines specific compliance risks, he drafts compliance policies and codes of conduct, works with organizations to build and improve their compliance processes and tools, and provides live training for Boards of Directors, executives, managers, and employees.

Eric ran his own consultancy for six years where he advised clients on compliance program enhancements and assisted in creating effective compliance solutions.

Eric was formally the Head of Advisory Services for NYSE Governance Services, a leading compliance training organization, where he was responsible for all aspects of NYSE Governance Services’ compliance consulting arm.

Prior to joining NYSE, Eric was an Assistant General Counsel of the United States Sentencing Commission in Washington, DC. Eric served as the chair of the policy team that amended the Organizational Sentencing Guidelines in 2010.

Eric also spent nearly a decade as a litigation attorney in Houston, Texas where he focused on white-collar and regulatory cases and represented clients at trial and before various agencies including SEC, OSHA and CFTC.

Host: Jen Üner

Episode_Card_Jen_Uner_2

Jen Üner is the Strategic Communications Director for LRN, where she captains programs for both internal and external audiences. She has an insatiable curiosity and an overdeveloped sense of right and wrong which she challenges each day through her study of ethics, compliance, and the value of values-based behavior in corporate governance. Prior to joining LRN, Jen led marketing communications for innovative technology companies operating in Europe and the US, and for media and marketplaces in California. She has won recognition for her work in brand development and experiential design, earned placements in leading news publications, and hosted a closing bell ceremony of the NASDAQ in honor of the California fashion industry as founder of the LA Fashion Awards. Jen holds a B.A. degree from Claremont McKenna College.

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Uncovering Hidden Risks

Ep 7 – Cloud Native Data Loss Prevention: The Future of Data Security

Maithili Dandige, Partner Group Product Manager at Microsoft, joins Erica Toelle and guest host Shilpa Bothra on this week’s episode of Uncovering Hidden Risks. Maithili’s team is behind Microsoft Purview products such as Information Protection, Data Loss Prevention, Data Lifecycle Management, Records Management, eDiscovery, and Audit. Maithili discusses Data Loss Prevention, some recent DLP research, and what’s upcoming in this space.

In This Episode You Will Learn:
  • The journey of DLP solutions and where the market is today
  • What customers should be expecting from DLP solution providers
  • The benefits of adopting a cloud-native solution
Some Questions We Ask:
  • What do you see as the future of DLP space?
  • How can you empower your users to make the right data-handling decisions?
  • What trends do you currently see evolving?
Resources:

View Maithili Dandige on LinkedIn

View Shilpa Bothra on LinkedIn

View Erica Toelle on LinkedIn

Related Microsoft Podcasts:          

Listen to: Afternoon Cyber Tea with Ann Johnson 

Listen to: Security Unlocked

Listen to: Security Unlocked: CISO Series with Bret Arsenault

Discover and follow other Microsoft podcasts at microsoft.com/podcasts

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Coming Conflict with China

Coming Conflict with China: Part 5-Good Compliance Is Good Business

In the short span of the 21st Century, the world’s two top powers, the United States and China, have moved inexplicably towards a showdown. This evolved from a commercial competition into something more akin to permanent non-kinetic warfare. What does this mean for US business doing business in and with China? In this special 5-part series, Tom Fox and Brandon Daniels, CEO of Exiger, a global leading third-party and supply chain management software company, explore issues diverse as real danger, supply chain, exports, cyber-attacks and IP theft from the business perspective and give the compliance and business executive their viewpoints on what you can do to not only prepare your company but protect it as well. In concluding Part V, we consider the roles of governments, businesses and thought leaders in leading the US business efforts in this coming conflict.

After uncovering a “constellation of disconnected issues” that are actually interconnected, Brandon Daniels must use regulation, funding and evangelism to incentivize public markets, combat the cyber threat and prevent conflict with China in order to protect national security. We discuss the importance of good compliance to good business; explore the government’s role in regulating cyber security, funding infrastructure upgrades, and incentivizing public markets and the role of businessmen and thought leaders. He also noted how conflicts with China can put companies out of business and the essential role of compliance in weathering the storm. His ultimate conclusion was that “good compliance is good business.”

Key Highlights
1. How has the government’s role changed in responding to the constellation of interconnected business and legal issues present today?

  1. What role do the public markets play in incentivizing investments in new technology and alternative energy?
  2. How can a company ensure good compliance to ensure good business?

Notable Quote

“Good compliance is good business – we saw that so unbelievably clearly during the pandemic, and I think we could learn something from an old adage and renew that view that good compliance process is good business process.”

Resources

Exiger

Tom Fox

Connect with me on the following sites:

Instagram

Facebook

YouTube

Twitter

LinkedIn

Other episodes in this Series:
Episode 1-From Potential Conflict to Real Danger

Episode 2-Supply Chain Issues

Episode 3-Exports and Rebalancing the Global Economy

Episode 4-Cyber Spying and IP Theft

Categories
GalloCast

Gallocast – Episode 8

Welcome to the GalloCast. You have heard of the Manningcast in football. Now we have the GalloCast in compliance. The two top brothers in compliance, Nick and Gio Gallo, come together for a free-form exploration of compliance topics. It is a great insight on compliance brought to you by the co-CEOs of Ethico. Fun, witty, and insightful with a dash of the two brothers throughout. It’s like listening to the Brothers Gallo talk compliance at the Sunday dinner table. Hosted by Tom Fox, the Voice of Compliance.

In the Gallo Cast, host Tom Fox visits with brothers Nick and Gio Gallo to discuss topics from Silicon Valley Bank’s $200 billion accounting fraud to the importance of daddy-daughter dates. They debate the role of leadership and the importance of non-financial incentives for corporate compliance. Nick and Gio touch on discussions about risk and return in banking, the impact of social media, and the use of metrics for executive performance assessment. They urge people to reach out for help when struggling and encourage leaders to create a workplace that fosters connection, compassion and understanding. Listen to the GalloCast and find out how to be a better leader and a better person.

Key Highlights

·       The Impact of Low Interest Rates and Yield Chasing: Discussing the Silicon Valley Bank Collapse

·       The Impact of Silicon Valley Bank’s Composition of Depositors and Yield Chasing on the Stock Market Crash.

·       The Risks of Taking Big Swings: A Look at Silicon Valley Bank Leadership

·       The Role of a Bank’s Chief Risk Officer in Times of Crisis and the Implications of a Zero Interest Policy.

·       The return of capital and the risks to improve income for short-term gain.

·       The Role of Executive Leadership in setting Company Goals and Values.

·       Rewarding Compliance to Promote a Positive Culture

·       Corporate Transparency and Measures to Assess Compliance Team Performance

·       Measuring the Effectiveness of Compliance Teams

·       Creating Space to Talk About Mental Wellbeing in the Workplace

·       Creating an Empathetic Workplace for Stress Relief and Support

·       Creating a Comfortable and Supportive Workplace Environment

·       The Benefits of Creating Lasting Memories with Loved Ones

·       The Impact of Daddy-Daughter Activities on Emotional Bonding

Resources

Nick Gallo on LinkedIn

Gio Gallo on LinkedIn

Ethico

Tom Fox 

Connect with me on the following sites:

Instagram

Facebook

YouTube

Twitter

LinkedIn

Categories
Career Can D0

The Power of Women in Leadership with Rachel Bellow

In this episode of Career Can Do, host Mary Ann Faremouth interviews Rachel Bellow, the co-founder of Bonfire, a leadership development program for women. Rachel discusses her journey in creating the program and the importance of providing women with the tools and skills necessary to become effective leaders. She also shares her insights on how leadership has evolved over time, emphasizing the need for emotional intelligence and influence rather than just inspiration.

It’s often difficult to persuade companies and leaders to adopt a fresh approach to leadership, Rachel tells Mary Ann. Many people in management positions are set in their ways and are resistant to change. This mindset can have negative consequences on the company’s bottom line, as high turnover and low employee morale can hurt productivity and performance. Branding and marketing are the keys to convince these leaders to adopt a new approach to leadership, Rachel believes. Developing a distinctive brand that catches their attention is often all it takes to help them acknowledge the necessity for change. 

 

Bonfire’s unique branding and community-focused program has helped catch the attention of HR leaders, many of whom are women themselves. They understand the importance of creating an inclusive workplace culture that values diversity and fosters community. Rachel believes that women are natural architects of change and can influence the workplace to work for everyone.

The results of her program show that women who participate are energized and empowered to create positive change in their workplaces, contributing their unique skills and perspectives to make their companies more profitable, fun, and fulfilling places to work.

 

Rachel shares valuable advice for individuals who may be at a crossroads in their career paths. She stresses the significance of following your own curiosity when it comes to your career development. Rather than trying to map out your career trajectory in your head, she suggests that you ask yourself what you want to learn more about, who you want to learn from, and what kind of physical environment you want to learn in. These three questions, according to Rachel, are the most reliable compass you have when trying to determine your career path. By following your curiosity and being mindful of your interests, you can find a career that is not only fulfilling but also aligns with your passions and aspirations.

 

Resources

Rachel Bellow on LinkedIn | Instagram | Facebook 

Bonfire | The Big Payoff

Faremouth.com

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From the Editor's Desk

March and April 2023 in Compliance Week

Welcome to From the Editor’s Desk, a podcast where co-hosts Tom Fox and Kyle Brasseur, EIC at Compliance Week, unpack some of the top stories which have appeared in Compliance Week over the past month, look at top compliance stories upcoming for the next month, talk some sports and generally try to solve the world’s problems.

 From the Editor’s Desk, hosted by Tom Fox and Kyle Brasseur, is the perfect podcast to stay informed on the dynamic events of March 2023. They discuss the Department of Justice’s changes in the ECCP and the CCO compliance officer as well as look into the SEC and banking regulator’s roles during the SVP Bank failure. Kyle previews the upcoming long-form Compliance Week case study, which will take a deep dive into ESG in one company and conclude with a look into sports by reviewing the madness of 2023 March Madness, the issues surrounding Ja Morant, and Kyle’s deep appreciation for the World Baseball Classic, noting its ability to add diversity to the game and its positive impact on the baseball community as a whole.

 Highlights Include:

·      The Role of the Chief Compliance Officer in 2021: Navigating Changing Regulations and Increased Pressure.

·      Financial Regulatory Oversight In the Wake of the Dodd-Frank Act

·      The Role of the Chief Risk Officer in Risk Management

·      The Practical Uses of ESG Disclosures in Real Life

·      The Ups and Downs of March Madness: Unprecedented Success for Small Schools.

·      Reporting on Personal Hardships in Sports: The Case of Ja Morant and Josh Hamilton

·      The Power of Unity in Baseball: A Discussion on the Global Impact of the World Baseball Classic

·      The Appeal of the World Baseball Classic

 Kyle relates some of the upcoming Compliance Week 2023 Conference highlights from May 15-17 in Washington, DC. Listeners of this podcast will receive a discount of $200 by using code TF200 on the link below.

Resources

Compliance Week 2023 information and registration here

Kyle Brasseur on LinkedIn

Compliance Week

Categories
Blog

Coming Conflict with China-Business Challenges and Responses: Good Compliance is Good Business

In the short span of the 21st Century, the world’s two top powers, the United States and China, have moved inexplicably toward a showdown. This evolved from a commercial competition into something more akin to permanent non-kinetic warfare. What does this mean for US business doing business in and with China? For this special 5-part blog post series, I visited with Brandon Daniels, CEO of Exiger, to explore issues diverse as a real danger, supply chain, exports, cyber-attacks, and IP theft from the business perspective and give the compliance and business executive their viewpoints on what you can do to not only prepare your company but protect it as well. In concluding Part V, we lay out the business response to the coming conflict with China-good compliance.

In the face of rising tensions with China, it’s essential for businesses to take proactive steps to protect themselves. In the fifth and final episode of our five-part series on the coming conflict with China, we outline the integral roles of government, public companies, businesses, think tanks, consultants, product providers, and service providers in addressing the challenge. The  importance of compliance as good business practice cannot be overstated. We also discuss the strategies of risk assessment and risk management necessary to weather the coming storm.

Here are the steps you need to follow to create good compliance in your organization to help you meet the China challenge.:

  1. Identify risks
  2. Assess risks
  3. Implement a risk management strategy
  1. Identify risks

 The first step in addressing the upcoming conflict with China is to identify risks. This can be done by looking at the transcript and thinking about what risks are present in the context of the conversation. For example, the transcript mentions potential conflict with China, cyber intrusions, human rights abuses, national security threats, and IP theft. All of these topics should be considered potential risks that need to be assessed.

One of the main risks is the economic and national security threat that comes from insider threats. This includes cyber intrusions, credential theft, and other malicious activities. Additionally, public companies need to be aware of the potential for IP theft, human rights abuses, and other forms of economic sabotage. It is also important to understand the need for investment in cyber hardening, diversification away from China, and incentives for public markets. Finally, businesses must be aware of the need for risk assessment and risk management strategies, as well as the need to monitor and upgrade those strategies as necessary. All of these risks must be identified in order to effectively address the coming conflict with China.

  1. Assess risks

Once the potential risks have been identified, the next step is to assess the likelihood of the risks and their potential impacts. This can be done by looking at past experiences and current trends. It is also important to consider the potential of the risks, as well as the severity of the impacts. For example, if a risk involves cyber intrusions, it is important to consider the potential for data theft, as well as the impact of a data breach on the company’s reputation.

Finally, it is important to look at the potential solutions for the identified risks. This can be done by looking at the solutions that have been suggested in the transcript, such as regulation, funding, and raising awareness. It is also important to consider the potential costs and benefits of each solution, as well as the potential for implementation. By assessing the risks, the solutions, and their potential impacts, businesses can develop an effective risk management strategy.

 3. Implement a risk management strategy

A risk management strategy is essential for preparing for a potential conflict with China. This strategy should involve identifying risks, assessing the potential impact of each risk, creating a plan to manage each risk, and monitoring the implementation of the risk management plan. Government regulators can lead this effort by raising awareness of the interconnected issues and prioritizing the expenditure of resources to mitigate risk. Additionally, incentives can be provided to public companies to invest in risk mitigation strategies. Businesses should also take the initiative to assess their own risks and create plans to reduce them. This can be done through utilizing existing technology to make processes more efficient and cost effective. Finally, raising awareness is essential to ensure that everyone is aware of the potential risks posed by the conflict with China. This can be done through education and providing resources to help people understand the risks and how to mitigate them.

The coming conflict with China presents numerous risks to businesses, governments, and the public at large. It is essential to assess the risks, create a risk management strategy, and implement it. By taking the initiative to identify, assess, and manage risks, businesses can protect themselves and stay competitive in this ever-changing landscape. The bottom line is good compliance is good business because good compliance is good business process. With the right knowledge, tools, and strategies, you too can be prepared for the coming conflict with China and protect your company from potential risks.

For a deeper dive into these issues, check out the 5-part podcast series with Tom Fox and Brandon Daniels, here.