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The ESG Report

The ESG Report – Ben Vivari and Kyle Purcell on Sustainable Investing

The ESG Report podcast is hosted by Tom Fox. Looking for innovative solutions to tackle climate change? Look no further than The ESG Report! In this episode, Tom speaks with Ben Vivari and Kyle Purcell about ESG investing.

Ben Vivari and Kyle Purcell are seasoned professionals with a strong background in business and sustainable investing. Ben Vivari, with his classic MBA and deep interest in corporate social responsibility, co-founded the Till Investors Initiative with Kyle Purcell, recognizing the growing importance and future of ESG investing. Vivari believes that ESG investing is inevitable and will continue to gain momentum, particularly as younger generations gain more financial power. Similarly, Kyle Purcell, a prominent communicator and educator in the financial industry, sees ESG investing as an unstoppable trend. He emphasizes the need for corporations to provide non-financial disclosures to avoid appearing outdated and believes that smaller companies will face challenges if they do not prioritize ESG performance factors. Join Tom Fox, Ben Vivari, and Kyle Purcell on this episode of the ESG Report podcast as they delve deeper into the growing importance and future of ESG investing.

Key Highlights:

  • Sustainable Investing and the Future of Finance
  • Empowering Sustainable Investing with Till Investors
  • Unstoppable Momentum: ESG Programs and Investments
  • Aligning Investment Strategies with Individual Values
  • The Impact of False ESG Claims
  • The Rise of Investor-Driven ESG Programs

Resources

Ben Vivari on LinkedIn

Kyle Purcell

Till Investors

Tom Fox 

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Life with GDPR

Life With GDPR: Episode 101 – The Hidden Dangers of CEO Behavior: Patterns and Consequences

Tom Fox and Jonathan Armstrong, renowned experts in cyber security, co-host the award-winning Life with GDPR. We take things in a different direction today as we discuss the somewhat lurid allegations around former Abercrombie & Fitch CEO Mike Jeffries. This matter illustrates the need for robust background checks and support of those who bring forward complaints against top management.

The topic of CEO risk, specifically the importance of accountability and investigations in corporate compliance, is a critical issue in today’s business world. It explores the potential dangers CEOs can pose to corporations and the necessity of holding them accountable for compliance initiatives. Tom Fox, a renowned compliance expert, emphasizes the importance of conducting thorough due diligence on individuals, particularly at the senior executive level, to mitigate risks. He believes that behavior patterns often exist before public scandals occur and that it is crucial to identify these patterns through deep investigations. On the other hand, Jonathan Armstrong highlights the challenge of pushing compliance up the organization and the need for thorough due diligence when hiring senior executives. He also stresses the importance of accountability and investigations in addressing misconduct allegations, even if they are historic. Join Tom Fox and Jonathan Armstrong as they delve deeper into this topic on this episode of the Life with GDPR podcast.

Key Takeaways:

  • CEO Accountability and Risk Exposure
  • Allegations of Sex Trafficking and Abuse
  • The Significance of Investigating Past Misconduct

 Resources

For more information on the issues raised in this podcast, check out the Cordery Compliance News Section. For more information on Cordery Compliance, go to their website here. Also, check out the GDPR Navigator, one of the top resources for GDPR Compliance, by clicking here.

Connect with Tom Fox

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Connect with Jonathan Armstrong

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It's art

It’s art, let’s talk about it – Bill Farnsworth – Inspired Illustrator

The Museum of Western Art is dedicated to excellence in the collection, preservation, and promotion of Western Heritage and the education and cultural enrichment of our diverse audiences. The Museum serves as a bridge between the past and the present, ensuring that the legacy of the American West will be preserved for the future. Western Art is as engaging and important as ever. In this podcast series, Museum Executive Director Darrell Beauchamp visits with the artists who work in this Western heritage to talk about their work, the legacy of Western Art, and why talking about it is so important today. In this episode, Darrell visits with Bill Farnsworth.

Illustration is a unique form of art that combines storytelling and visual representation. It requires a keen eye for detail, a deep understanding of composition, and the ability to bring characters and scenes to life. In a recent episode of the podcast “It’s Art, let’s talk about it,” hosted by Darrell Beauchamp, renowned illustrator Bill Farnsworth shared his journey and valuable advice in the field of illustration artistry.

Farnsworth’s passion for drawing began at a young age, influenced by the captivating characters of Disney. He pursued a degree in illustration at the Ringling School of Art, where he honed his skills and gained a solid foundation in the craft. Farnsworth specialized in children’s books and historical illustrations, finding fulfillment in bringing stories and historical events to life through his art.

Like many artists, Farnsworth faced challenges along his journey. Self-doubt and the competitive nature of the art world can be daunting, but he persevered and found success in his chosen path. He emphasizes the importance of being versatile and exploring different directions throughout one’s career. Farnsworth believes that artists should be willing to turn over every rock and pursue multiple avenues to expand their horizons and find new opportunities.

One of the key takeaways from Farnsworth’s advice is the importance of learning from established artists. He cites several artists, such as Bernie Fuchs, NC Wyeth, John Singer Sargent, and Anders Zorn, as his idols. Farnsworth encourages young artists to attend workshops led by admired artists instead of pursuing costly four-year college programs. He believes learning directly from experienced professionals can provide valuable insights and practical knowledge to accelerate an artist’s growth.

Farnsworth’s painting process involves working on multiple pieces at once. This approach allows him to explore various subjects and keeps him engaged and inspired. He believes in laying the groundwork and sketching out ideas beforehand, ensuring he has a clear vision before starting a painting. Farnsworth also emphasizes the importance of being open to inspiration and constantly seeking new subjects that excite him.

Throughout his career, Farnsworth has transitioned from illustration to fine art. He believes that his experience in illustration has helped him become a better fine artist. The attention to detail and storytelling skills he developed as an illustrator has translated into his fine art, allowing him to create captivating and meaningful pieces.

Farnsworth acknowledges that being an artist can be challenging, both financially and emotionally. However, he finds solace in the fact that art feeds the soul and brings joy to both the artist and the viewer. He believes that the personal connection between the artist and the buyer is crucial, as art is a deeply personal and subjective experience.

In conclusion, Bill Farnsworth’s journey and advice in illustration artistry provide valuable insights for aspiring artists. His emphasis on versatility, continuous learning, and enjoying the artistic journey resonates with artists at all stages of their careers. Farnsworth’s success as an illustrator and fine artist serves as an inspiration for those looking to make their mark in the world of art.

Remember to visit the Museum of Western Art in Kerrville, Texas, to explore the rich tapestry of Western art and support these talented artists.

Resources

Museum of Western Art

Darrell Beauchamp on LinkedIn

Bill Farnsworth

Categories
Daily Compliance News

Daily Compliance News: November 2, 2023 – The Pyramid of Deceit Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen 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.

Stories we are following in today’s edition:

  • Chinese generals and corruption.  (Bloomberg)
  • More compliance scrutiny on M&A targets. (WSJ)
  • GE Healthcare discloses FCPA investigation in China. (WSJ)
  • Prosecutors make closing arguments in the SBF trial. (NYT)
Categories
Blog

Leadership Lessons from the President of the Republic of Texas-Sam Houston, 2nd Term: The Road to Annexation

The Republic of Texas holds a unique place in American history as a short-lived independent nation. In this special four-part blog post series, I will be diving into the intriguing world of the presidents of the Republic of Texas, shedding light on their leadership styles, political tensions, and the challenges they faced. This blog post focuses on the second term of Sam Houston as the Republic of Texas moved towards annexation by the United States.

During his second term as president of the Republic of Texas, Sam Houston faced numerous challenges and made strategic decisions to stabilize the financial situation and address conflicts with Mexico. Despite his efforts, Houston was unable to achieve his goal of annexing Texas during his administration. This article will provide a comprehensive analysis of the key factors that impacted Sam Houston’s presidency and the annexation of Texas, exploring the tradeoffs involved and the challenges associated with different approaches.

One of the significant factors that influenced Houston’s presidency was the dire financial situation of the Republic of Texas. The country was on the brink of economic collapse, and Houston took decisive actions to stabilize the situation. He disbanded and sold the navy, considered furloughing the army, and appointed Alexander Somerville to lead a punitive expedition against Mexico. These measures aimed to reduce expenses and address conflicts with Mexico, which posed a threat to the stability of the Republic.

Another crucial aspect of Houston’s presidency was the issue of immigration and the abundance of land in Texas. The Republic of Texas had a welcoming attitude towards immigrants, particularly from Germany, and land was plentiful and affordable. Those who fought during the Texas Revolution were given the opportunity to survey anywhere they wanted, and the Texas General Land Office ensured that individuals could secure their land rights. This policy attracted foreign immigration and contributed to the growth of the Republic.

The annexation of Texas to the United States was a topic of great interest for President Tyler and previous presidents. However, there were significant concerns and challenges associated with the annexation. One of the main concerns was the potential conflict with Mexico, which made it uncertain and risky for the United States to pursue annexation. Additionally, there were fears that annexing Texas would energize the issue of slavery, as Texas was a large territory with unclear boundaries. Abolitionists argued that annexation would lead to the expansion of slavery and the inability to contain its spread.

Despite these challenges, Texas overwhelmingly voted in favor of annexation, while the United States was more divided on the issue. The annexation of Texas marked the end of its existence as a republic and had implications for national politics in the years to come. The United States assumed the Texas public debt as part of the annexation deal, and Texas retained its public lands. This decision proved to be of immense importance as these public lands later became a source of great wealth for Texas, especially with the discovery of petroleum.

Sam Houston’s second term as the President of the Republic of Texas, which took place from 1841 to 1844, presented a different set of leadership challenges and lessons compared to his first term. Here are some leadership lessons that can be drawn from his second term.

  1. Prudent Financial Management: During his second term, Houston faced significant financial difficulties as the Texas government was burdened with debt. He demonstrated the importance of prudent financial management and the need for compliance and business leaders to make tough decisions to address fiscal challenges. Resources and head count are always an issue for every CCO.
  2. Crisis Management: Houston’s presidency during his second term coincided with the Texan Santa Fe Expedition, which ended in failure and a political crisis. Compliance leaders should be prepared to handle crises effectively, including taking responsibility when necessary and working to resolve the aftermath.
  3. Courage: Houston displayed political courage by advocating for peace with Native American tribes and addressing the aftermath of the failed Santa Fe Expedition, even when his decisions were not universally popular. Leaders should be willing to make difficult decisions that align with their principles and the best interests of their constituents. CCOs may one day have to speak truth to power and real courage may well be needed.
  4. Statesmanship: Houston’s second term was marked by efforts to stabilize the government and seek solutions to Texas’s problems. He demonstrated statesmanship by working to mend relationships with Mexico and the United States, emphasizing the importance of diplomacy and peaceful solutions. The DOJ has said the compliance function is the holder of institutional justice and institutional fairness in a corporation and there dual requirements may well require compliance statesmanship.
  5. Strategic Communication: Effective communication is essential during times of crisis. Houston employed strategic communication to explain his actions and decisions to the Texan population, helping to maintain public support during challenging times. Communications remains a key concept in the Hallmarks of an Effective Compliance and an important tool in every CCO toolkit.
  6. Long-Term Vision: Despite the immediate challenges, Houston maintained a long-term vision of Texas’s future as part of the United States. Leaders should keep their ultimate goals in sight, even when dealing with short-term difficulties. Every CCO should have a one-, three- and five-year vision for your compliance program.
  7. Learning from Mistakes: Houston’s second term included significant setbacks, such as the Santa Fe Expedition failure. He recognized the importance of learning from mistakes and adjusting his approach, demonstrating resilience and adaptability as a leader. Every misstep is an opportunity for growth in a compliance regime, see it as such.
  8. Building Consensus: Houston sought to build consensus and work with various factions in the Texas government to achieve his goals. Leaders should be adept at building alliances and finding common ground to move forward. CCOs can only be effective through consensus and this skill must be refined every day.
  9. Legacy and Reflection: Houston’s leadership legacy was shaped not only by his successes but also by how he handled adversity. Leaders should reflect on their actions and decisions, considering how they will be remembered in the long run. What will your legacy be as a compliance professional. Think about giving back or as Lisa Fine and Mary Shirley say ‘send the elevator back down.’
  10. Commitment to Public Service: Throughout his second term, Houston remained committed to serving the best interests of the people of Texas, even when faced with significant challenges. Compliance leaders should prioritize public service and the well-being of their employees.

Sam Houston’s second term as the President of the Republic of Texas illustrates the importance of financial prudence, crisis management, political courage, statesmanship, and strategic communication. It also underscores the value of learning from mistakes and maintaining a long-term vision as a leader.

In conclusion, Sam Houston’s second term as president and the annexation of Texas were influenced by various factors. Houston’s strategic decisions aimed to stabilize the financial situation and address conflicts with Mexico. The welcoming attitude towards immigrants and the abundance of land in Texas played a significant role in the growth of the Republic. The annexation of Texas faced challenges due to concerns about conflict with Mexico and the expansion of slavery. However, the decision to retain Texas’ public lands proved to be crucial for the future prosperity of the state. The episode of Presidential Leadership provides valuable insights into the complexities and tradeoffs involved in Sam Houston’s second presidential term and the annexation of Texas.

Categories
31 Days to More Effective Compliance Programs

One Month to a More Effective Compliance Program Through Culture: Day 2 – Getting Culture Right

Vin DiCianni, founder of Affiliated Monitors, Inc. (AMI), talked about the Monaco speech and culture. He said, “The announcement by Deputy Attorney General Lisa Monaco and the Justice Department reignited the agency’s concentration of corporate liability for white-collar crimes. In doing so, she emphasized to businesses, their leadership, and the lawyers representing them how important it is to implement and maintain strong, effective compliance programs and how DOJ will con. In other words, the criticality of culture is now paramount. CCOs must focus on growing corporate culture to build the ethical foundation for a successful compliance program.

In the most recent MIT Sloan Management Review issue, Donald Sull and Charles Sull penned an article entitled “10 Things Your Corporate Culture Needs to Get Right”, in which they posited that “knowing what elements of culture matter most to employees can help leaders foster engagement as they transition to a new reality that will include more remote and hybrid work.” It is an excellent review of some of the key elements of corporate culture and how CCOs can move forward to lay the foundation of one.

CCOs and compliance functions face challenges while navigating the post-COVID-19 return to work. According to the DOJ’s regulations, businesses must uphold a healthy culture through corporate culture. The authors conclude, “Understanding the elements of culture that matter most to employees can help leaders maintain employee engagement and a vibrant culture as they transition to the new normal.”

Three key takeaways:

1. What distinguishes a good corporate culture from a bad one in the eyes of employees?

2. A good corporate culture forms the basis of a good compliance program.

3. How many elements of a good corporate culture are in your organization?