Day: April 8, 2024

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The Ethics Experts

Episode 171 – Angela Gammill

In this episode of The Ethics Experts, Nick welcomes Angela Gammill. As vice president of Ethics and Compliance, Angela Gammill is playing an integral role in furthering NFP’s E&C mission, which includes promoting ethical behavior through best practices and developing resources for employees and leaders.

Angela has 20+ years of ethics and compliance experience across various industries, including healthcare, aerospace, and finance. Her extensive investigative background has equipped her to create proactive programs to help companies avoid risk. It also makes it hard for her two teenagers to get away with much.

Categories
Daily Compliance News

Daily Compliance News: April 8, 2024 – The Eclipse 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 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.

  • EY is still under fire for Wirecard imbroglio.  (FT)
  • The former Cognizant executive’s trial moved yet again. (Law360)
  • Huawei’s trial moved yet again. (WSJ)
  • US to crack down on the UFLPA loophole. (WSJ)

Click here: https://pages.ethico.com/cpn for more information on the Ethico ROI Calculator and a free White Paper on the ROI of Compliance.

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Website: https://compliancepodcastnetwork.net/

Categories
Riskology

Riskology by Infortal Episode 22: China Escape Plan: De-Risking Explained

Welcome to another episode of Riskology by Infortal™!

In this episode, your hosts, Dr. Ian Oxnevad and Christopher Mason, discuss “de-risking” from China. They unveil the cascading effects of China’s economic slowdown on the global economy and supply chain integrity, a situation that demands scrutiny by American companies. 

Understanding the underpinnings of China’s economic conditions is paramount to assessing your risk exposure. As China wrestles with economic deceleration, corporations face expanding risks, including new threats to supply chain stability. This impacts key industries and manufacturers in the US, including the tech sector and healthcare suppliers.

Navigating this risk landscape calls for robust resilience measures coupled with an enhanced understanding of the global risk landscape. As history reminds us, economic entanglement may not provide a safe harbor from geopolitical unrest.

In response to these complex geopolitical tensions, corporations increasingly seek new strategies to mitigate risks and ensure company resiliency. This includes diverse approaches, from strategic realignment exemplified by Apple’s shift of some iPhone manufacturing to India to developing contingency plans ready to be deployed as needed.

In this episode, we discuss how companies can methodically develop a strategy to ensure long-term supply chain stability.  

We hope you join us for Episode 22 – China Escape Plan: De-Risking Explained.

Resources:

Infortal Worldwide

Email

Dr. Ian Oxnevad on LinkedIn

Chris Mason on LinkedIn

Categories
Corruption, Crime and Compliance

DOJ Adopts New Whistleblower Bounty Program and Encourages Voluntary Self-Disclosure

In a recent speech on March 7, 2024, Deputy Attorney General Monaco announced that, in the next 90 days, DOJ would implement a new whistleblower program to reward reporting of criminal misconduct at public and private companies.

In particular, DOJ will encourage reporting of potential violations of the Foreign Corrupt Practices Act (“FCPA”) and the recently enacted Foreign Extortion Prevention Act (“FEPA”).

AAG Monaco noted that DOJ will be particularly interested in “foreign corruption cases” involving “non-issuers and violations of the recently enacted FEPA,” along with criminal abuses of the United States financial system and domestic corruption cases.

DAG Monaco also reiterated the importance of voluntary self-disclosures. DOJ employs a “mix of carrots and sticks” to incentivize companies to build stronger compliance programs that proactively mitigate risks and disclose misconduct to DOJ when appropriate. DAG Monaco underscored the fact that a corporate resolution “will always be more favorable with voluntary self-disclosure.”

In this episode, Michael Volkov discusses DOJ’s new initiatives on whistleblowing and encouraging voluntary self-disclosures.

  • DOJ’s planned whistleblower program will significantly impact individual incentives to report financial misconduct and corporate decisions regarding voluntary self-disclosures.
  • The program’s focus extends beyond FCPA violations, encompassing other significant financial abuse schemes and potential reporting against non-issuer companies.
  • Global companies are facing unprecedented risks and challenges in today’s economy, leading them to prioritize robust ethics and compliance programs to promote positive corporate citizenship.
  • The SEC whistleblower program has been successful, resulting in serious prosecutions and the derailment of fraudulent schemes. However, only around 10% of reports involve FCPA anti-bribery allegations.
  • The Department of Justice recently announced its plan to create a whistleblower bounty program, which would fill gaps in existing programs and coordinate with voluntary self-disclosure policies.
  • DOJ’s whistleblower program will reward reporting of criminal misconduct at both public and private companies, encouraging reporting of potential violations of the FCPA and the Foreign Extortion Prevention Act.
  • Companies are urged to disclose misconduct to earn valuable benefits, and the DOJ emphasizes the benefits of voluntary self-disclosure and cooperation to mitigate risks and maximize financial performance.

Resources:

Michael Volkov on LinkedIn | Twitter

The Volkov Law Group

Categories
Principled Podcast

Principled Podcast: S11E5 | Insights from Snap: How E&C Programs are Adapting to the Evolving Risk Landscape

With escalating risks becoming more severe and frequent globally, Ethics and Compliance (E&C) initiatives are intensifying their focus on risk mitigation. LRN’s 2024 Ethics & Compliance Program Effectiveness Report, drawing insights from over 1,400 E&C professionals worldwide, underscores this trend. Our research indicates that value-driven programs exhibit superior effectiveness and demonstrate a robust correlation with diminished risks and improved business performance.

Amidst this evolving risk landscape, how are E&C programs adapting? What are the prevailing strategies, and how do they manifest in everyday program operations?

In this episode of the Principled Podcast, host Emily Miner discusses key findings from the North American edition of the 2024 Ethics & Compliance Program Effectiveness Report with Snap’s Global Head of Integrity and Compliance Legal.

Guest: Nicole Diaz

Episode Cover - Nicole Diaz - Season 11 Episode 5 Insights from Snap

Nicole Diaz is a Harvard Law School graduate and integrity-first compliance attorney with over a decade of experience in investigations and civil and criminal litigation.  Her passion is building open cultures that maximize positive social impact and minimize ethical blind spots. She currently serves as Snap Inc.’s Global Head of Integrity & Compliance Legal, where she oversees the company’s Code of Conduct, leads risk management in key areas such as anti-bribery, conflicts of interest, and trade law, runs internal investigations, and works cross-functionally to embed ESG strategy into corporate governance.  Before working at Snap, Nicole worked at Skadden Arps and Willenken and clerked for a US District Court.

Nicole has led legal diversity efforts throughout her career, most recently helping to found the Snap Legal Diversity group and the Los Angeles chapter of the Law in Tech Diversity Collaborative Pipeline Program.  She has also served as an Ambassador for the California Minority Council Program (CMCP) (2017-2020 Term), Chair of the CMCP In-House Counsel Committee, and an active alum of the Leadership Council on Legal Diversity (2016 Fellow).

Host: Emily Miner

Episode_Card_Emily_Miner

Emily Miner is Vice President of Advisory Services at LRN. She advises executive leadership teams on actively shaping and managing their ethical culture through deep quantitative and qualitative understanding and engagement. She emphasizes co-creative, bottom-up, and data-driven approaches to foster ethical behavior and inform program strategy. Emily has led engagements with organizations across various industries, including healthcare, technology, manufacturing, energy, professional services, and education. She co-leads LRN’s flagship research on E&C program effectiveness and is a thought leader in organizational culture, leadership, and E&C program impact. Before LRN, Emily applied her behavioral science expertise in the environmental sustainability sector. She worked with non-profits and municipalities, facilitated earth science research in academia, and contributed to drafting and advancing international climate policy goals. She holds a Master of Public Administration in Environmental Science and Policy from Columbia University and graduated summa cum laude from the University of Florida with a degree in Anthropology.

Get a copy of the North America edition of LRN’s 2024 Ethics & Compliance Program Effectiveness Report.

Connect with the Compliance Podcast Network at:

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Website: https://compliancepodcastnetwork.net/