Day: July 21, 2023

Categories
Report from IMPACT 2023

Report from IMPACT 2023: Girl Scout Troop 12026 Takes on Palm Oil: An Activist Journey

ECI’s IMPACT 2023 was one of the leading compliance events in 2023. At this conference, Tom Fox, the Voice of Compliance, was able to visit with several of the speakers, exhibitors, participants and one group of ethically minded Girl Scout Troop. In this limited podcast series, Report from IMPACT 2023, Tom explores many of the most cutting-edge topics in ethics and compliance through short podcast episodes. Check out the full series of interviews. You will be enlightened, informed and come away with a fuller and more thorough understanding of the most cutting-edge topics in ethics and compliance. In this episode, Tom visits with members of Girl Scout Troop 12026 and their fight against palm oil producers exploitation of child labor.

This inspiring podcast follows several members of Girl Scout Troop 12026, from Jersey City, NJ and led by Gina Verdibello & Kellie Lewis, as they take on a campaign to end the unethical production of palm oil used in Girl Scout cookies. Through their journey, No More Palm Oil Cookies explores the implications of palm oil production on child labor, the environment, and ethics. Through their activism Troop members demonstrate the power of young people to create meaningful change and the importance of acting and making informed decisions about the products we consume. It serves as a powerful example of how young people can make a difference and highlights the need for ethical labor practices.

 Highlights include 

·      No More Palm Oil Cookies

·      Child Labor in Palm Oil

·      Avoiding Palm Oil 

Resources 

Girl Scout Troop 12026 Facebook page

ECI

Categories
Trekking Through Compliance

Trekking Through Compliance: Episode 50 – Patterns of Force

 

In this episode of Trekking Through Compliance, we consider the episode  Patterns of Force which aired on February 16, 1968, and occurred on Star Date 2534.

When the Enterprise approaches the inner planet Ekos to investigate the cessation of communication with researcher John Gill, it is attacked with a rocket carrying a nuclear weapon. Kirk and Spock beam down to investigate and discover that a Nazi movement has swept the planet. John Gill is their leader.

They are captured, and in jail, they find that the Nazi movement began with the arrival of Gill. They escape and penetrate Nazi headquarters. They discover that Gill is only the drugged puppet of deputy Führer Melakon. Gill and Melakon are killed. Kirk and company then return to the Enterprise in peace.

Compliance Takeaways:

1.     What happens when good men go bad?

2.     Your own sales force can be the best assessor of risk.

3.     Why is regime change such a prescient risk?

Resources

Excruciatingly Detailed Plot Summary by Eric W. Weisstein

MissionLogPodcast.com

Memory Alpha

Categories
GalloCast

Gallocast – Episode 10 – The Seven Year Anniversary Edition

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 ComplianceLine. 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.

This podcast episode focuses on the importance of proper oversight and diligence when it comes to CCOs and other corporate leaders. The discussion highlights the implications of the Supreme Court’s ruling on diversity hiring, the need for internal controls implementation, the potential of ESG investment ROI, the consequences of unethical behavior, and the need for Deutsche Bank to address its culture of ethics. This episode emphasizes the need to create a culture of compliance and oversight within organizations in order to protect against fraud and mismanagement.to navigate these challenging issues in the corporate world. Tune in to GalloCast now!

Key Highlights

  • FTX CCO charged
  • Diversity after Supreme Court. Is it still important?
  • At what level should you apply DD to new hires? Executive level or something else
  • ESG-positive or negative for shareholders
  • BOA follows Wells Fargo with a fake accounts scandal.
  • KPMG caught cheating in The Netherlands
  • Deutsche Bank fails to meet DPA requirements.

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
31 Days to More Effective Compliance Programs

One Month to More Effective Reporting and Investigations – The Witness Interview

What are the characteristics of a good interview in the context of an internal investigation? Is there one technique you can use which will provide you the results you want to achieve? How should you think through your questions and document review prior to the investigation? At this point in time, how do such issues play out in the time of Coronavirus?
There is no one right way to prepare for and conduct an interview. What is important is that you have a plan and execute on that plan. Begin by obtaining an understanding of what the various stakeholders want answers to. This could include the Board of Directors, C-Suite executives, the GC and legal department, the CCO and compliance function or up to government regulators such as the SEC or DOJ.

Three key takeaways:

  1. There is no one right way to prepare and do an interview.
  2. The interview should not be confrontational.
  3. The interview, like the entire investigation process, is a chess match.
Categories
Daily Compliance News

Daily Compliance News: July 21, 2023 – The Who Will Be a CEO Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance brings to you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the Daily Compliance News. All, from the Compliance Podcast Network. Each day we consider four stories from the business world, compliance, ethics, risk management, leadership, or general interest for the compliance professional.

  • Panama ex-President sentenced for corruption. (Reuters)
  • Sri Lanka passes ABC bill. (AL Jazeera)
  • How do you determine if someone will be a good CEO. (FT)
  • Deutsche Bank fined yet again for AML failures. (NYT)