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Great Women in Compliance

Great Women in Compliance: Building Great Mentor/Mentee Relationships

Welcome to the Great Women in Compliance podcast on the Compliance Podcast Network, sponsored by Corporate Compliance Insights. In today’s episode, Lisa Fine and Ellen Hunt speak with Melanie Sponholz and Margarita Derelanko, Senior Director of Compliance, Ivy Rehab Network, about mentor/mentee relationships.

The group discusses various aspects of mentoring, from choosing a mentor to building a relationship. They also discuss how this is a 2-way street and how mentors and mentees learn from one another. Mel and Margarita have an established mentoring relationship, and they talk about their experiences with one another and what they see as successes and pitfalls. They discuss the importance of having an authentic connection between the two individuals.

A mentor can provide critical support and guidance throughout one’s career. This episode can help those looking for mentors and how you can maximize this relationship, whether you are the mentor or mentee.

Topics include:

  • How being curious is a critical skill for a mentor
  • The importance of being open and vulnerable
  • How to reach out and make an initial connection with a potential mentor
  • Mentor/mentee relationships take many different forms 
  • Practical tips for mentors and mentees

You can join the LinkedIn podcast community or the Great Women in Compliance podcast community here.

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Innovation in Compliance

Innovation in Compliance: Paige Hanson and Brandon Woolf on Compliance as a Service and Affordable GRC Software for SMBs

Innovation comes in many forms, and compliance professionals need to not only be ready for it but also embrace it. Curious about Compliance as a Service and AI integration? Well, this episode is for you, as I have Paige Hanson and Brandon Woolf, co-founders of SecureLabs, discuss not only how AI technology can revolutionize compliance but also how the use of AI systems in Compliance as a Service is set to revolutionize the regulatory landscape.

Paige Hanson and Brandon Woolf are seasoned cybersecurity professionals. Hanson’s perspective, shaped by her role in developing a national training program for law enforcement and co-founding SecureLabs, emphasizes the importance of integrating security and compliance within organizations to foster a security-first culture and facilitate cross-departmental communication. She envisions a future where advanced AI systems enhance security environments and advocate for auditable processes for small to medium-sized enterprises.

Woolf, with his background in diverse cybersecurity roles, advocates for the integration of security and compliance within an organization. He highlights the importance of having a wide range of frameworks available to cater to the diverse needs of different industries and clients and sees a growing trend, especially for SMBs, in compliance as a service due to increasing security threats.

Key Highlights:

  • SecureLabs: Affordable GRC Software for SMB Compliance
  • Enhancing Organizational Culture Through Security Integration
  • Cybersecurity Compliance Benefits through Auditable Processes
  • Compliance Audits: Minimizing Fines Through Documentation
  • AI-driven Compliance Solutions for Enhanced Security

Resources:

Paige Hanson on LinkedIn 

Brandon Woolf on LinkedIn

securelabs.ai

Tom Fox

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Categories
Blog

Texas Hill Country Podcast Network Wins 3 Prestigious Podcast Awards

The Texas Hill Country Podcast Network was recently honored as a triple winner of the 30th Annual Communicator Awards. The three podcasts honored this year were From Last to First: The John Aceti Story, which received an award of Excellence in the Documentary category; The Texas Hill Country Artist Podcast, which received an award of Excellence in the Art and Culture category; and the Museum of Western Art’s podcast It’s Art, Let’s Talk About It, which received an award of Distinction Arts and Culture category.

The Communicator Award is one of the most prestigious awards in the podcast industry. It is awarded by the Academy of Interactive and Visual Arts (AIVA). The Communicator Awards is the largest and most competitive awards program honoring creative excellence for communications professionals. The Texas Hill Country Podcast Network competed against over 3,000 entries received from across the US and around the world.

Lauren Angeloni, AIVA Managing Director, said of this year’s selections, “The entries into this season of The Communicator Awards were a great representation of our three decades celebrating innovation and creativity in all forms of communication. I couldn’t have wished for a more diverse and brilliant body of work to be placed in our jurors’ capable hands. I want to congratulate all of the honorees for their well-deserved wins.”

The Texas Hill Country Podcast Network was founded in 2022 to tell stories about the businesses, people, and places that make Texas Hill Country unique. The Texas Hill Country Podcast Network currently has 15 different podcasts. Gilbert Paiz, a co-founder of the Texas Hill Country Podcast Network, said, “The idea for the Texas Hill Country Podcast Network was born from the desire for us to help businesses, people, and organizations to tell their story cost-effectively and compellingly. Every business and organization has a story; there is no better way to relay that story than through a podcast. The three Communicator Awards confirm that a podcast, even from a rural podcast network, is effective and can spread the message of any organization or business far and wide.”

The three award-winning podcasts each have a different focus. The Museum of Western Art’s podcast It’s Art, let’s Talk About It is hosted by Darrell Beauchamp, Executive Director of the Museum of Western Art. He interviews nationally known Western artists who have exhibited at the Museum. The Texas Hill Country Podcast Network produces and distributes the podcast. Beauchamp said, “We are honored to be working with the Texas Hill Country Podcast Network on the production of our award-winning podcast “It’s Art, Let’s Talk About It.”  They make it easy to produce, distribute, and market our podcast. Quite frankly, without the expertise of the Texas Hill Country Podcast Network folks, there would be no podcast for the Museum of Western Art. They are the leaders in the podcast industry, especially here in the Texas Hill Country.”

The Texas Hill Country Artist Podcast features artists local to the Hill Country. Andrew Gay, a co-founder of the Texas Hill Country Podcast Network, said, “The Texas Hill Country Artists Podcast is proof that there are exceptional artists with vibrant stories right here in our backyard. In a world of Joe Rogan’s and larger-than-life Podcasts that intentionally market to a National or Global audience, The Hill Country Artists Podcast officially captures and breathes life into the voices of the local, rural artists and their respective stories. Podcasting for these artists can help them better market themselves within their respective markets as well as help them develop a legacy story about their artistic works.”

Diane Eixman, a local artist who was one of the inspirations to start the podcast, said, “A huge “Thank you” to Tom Fox for supporting the arts and the artist of the Texas Hill Country with his podcast ‘Texas Hill Country Artist.’ His interviewing style is thorough, but he has an incredible knack for making the interviewee feel right at home and like they are speaking with their best friend! I am so thankful for his support, encouragement, and the opportunity given to educate the public through his podcast.”

The podcast, From Last to First: The John Aceti Story was a passion project of another co-founder, Tom Fox. Fox hosted and produced the entire series. Aceti has long wanted to tell his life story, so Fox proposed a 10-part podcast series. Fox provided Aceti with the transcript from each episode, which Aceti then used to form the basis of a chapter in his autobiography, published last fall. Fox said of this podcast series, “Unfortunately, we lost John Aceti earlier this year, but his life and his story live on through this podcast and his autobiography. People literally from Chile to Sweden emailed me to tell me how inspired they were by John Aceti’s story. Working with John was one of the highlights of my professional career.”

Two other Texas Hill Country Podcast Network podcasts have previously won Communicator Awards. The podcast The Night Sky, Two Eclipses Come to Kerrville told the story about the two annular and solar eclipses that came in Kerrville in 2023 and 2024, an award of Excellence in the category Science in 2023. The Hill Country Podcast won a prize of Distinction in the Lifestyles category in 2022 for its episode on ‘The Cookie Lady,’ Julia Cardioshinsky.

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Compliance Tip of the Day

Compliance Tip of the Day: The Problem with Compliance Training

Welcome to “Compliance Tip of the Day,” the podcast where we bring you daily insights and practical advice on navigating the ever-evolving landscape of compliance and regulatory requirements.

Whether you’re a seasoned compliance professional or just starting your journey, our aim is to provide you with bite-sized, actionable tips to help you stay on top of your compliance game.

Join us as we explore the latest industry trends, share best practices, and demystify complex compliance issues to keep your organization on the right side of the law.

Tune in daily for your dose of compliance wisdom, and let’s make compliance a little less daunting, one tip at a time.

In today’s episode, we consider why and how compliance training still bedevils many compliance professionals and end-users.

For more information on the Ethico ROI Calculator and a free White Paper on the ROI of Compliance, click here.

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Daily Compliance News

Daily Compliance News: May 28, 2024 – The Surreal 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.

In today’s edition of Daily Compliance News:

  • Mike Lynch takes the stand.  (BBC)
  • Corruption in Polish national party.  (Politico)
  • US representatives call for the reopening of the Nigerian oil bloc’s OPL 245 investigation. (Nigerian Lawyer)
  • Need for audit reform in the UK. (FT)

For more information on the Ethico ROI Calculator and a free White Paper on the ROI of Compliance, click here.

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Regulatory Ramblings

Regulatory Ramblings: Episode 45 – A Conversation with One of World’s Most Formidable Trial Lawyer with John B. Quinn

John B. Quinn is the founder and chairman of the nearly four-decade-old Los Angeles law firm Quinn Emanuel Urquhart & Sullivan. The firm has been voted the world’s “most-feared law firm ten times by independent research provider BTI Consulting, which surveyed over 300 key legal decision-makers at the world’s largest organizations.

In BTI’s annual survey, when respondents were asked which law firm they least wanted to face as opposing counsel, Quinn Emanuel consistently ranked number one as the world’s most feared litigation law firm.

Since 1986, John and his partners have tirelessly built the largest law firms in the world devoted solely to business litigation and arbitration – a feat recognized by The Wall Street Journal as a “global litigation powerhouse. In that time, Quinn Emanuel has expanded to 35 offices in 12 countries on four continents, with over 1100 lawyers, generating more than $2 billion in revenue annually. In recent years, the firm has recovered over $80 billion for plaintiffs, a testament to John’s unwavering dedication to his profession.

John’s interests extend beyond the legal realm. For 33 years, he served as General Counsel to the Academy of Motion Picture Arts and Sciences, the organization behind the Oscars. He is also an avid mountain climber, Ironman triathlete, and father of five. His diverse pursuits reflect his multifaceted personality and provide a unique perspective to his legal career. He also hosts the popular podcast “Law, Disrupted”—www.law-disrupted.fm.

In this episode of Regulatory Ramblings, he chats with host Ajay Shamdasani about how he found his way into the legal profession, his representation of the Bank of China, Alibaba, AliPay, and Ant Financial—juggernauts on the mainland Chinese banking and fintech / digital payments scene—and his belief in Singapore’s importance as a dispute resolution center for the Asia-Pacific. He also comments on how Hong Kong stacks up against the Lion City.

The conversation also covers the business rationale for Quinn Emanuel Urquhart’s focus on pure litigation and for not representing the world’s largest money center banks, notwithstanding the deep pockets for premium legal services that the world’s most prominent financial institutions possess. This approach has won the firm many plaudits amongst the plaintiffs’ bar writ large.

John also shares his candid thoughts on Environmental, Social, and Governance (ESG) concerns at a time when such considerations in corporate operations and investing are under attack—often from prominent business figures. He also comments on what can be done on the policy and legal reform level to lure more foreign direct investment to the Middle East and Asia Pacific.

The discussion concludes with John emphasizing his commitment to the arts and philanthropy. He believes in giving back to society when one attains a certain level of success. His longstanding service to the Academy of Motion Picture Arts and Sciences and his initiative to open the Museum of Broken Relationships in Los Angeles are just a few examples of his dedication to philanthropy, which the audience can appreciate.

Podcast Discussion:

  • 2:41 From Greenwich to Harvard: A Lawyer’s Path
  • 5:07 The Competitive Nature of Litigation: Balancing Aggression and Strategy
  • 6:52 Banking and Fintech in China – Insights
  • 8:41 Litigation as a Last Resort: The Role of ADR and Mediation
  • 10:35 Expanding in Singapore: Strategic Growth in International Arbitration and Regional Markets
  • 14:57 Choosing Litigation Over Representing Major Banks
  • 20:04 Do Investors Understand ESG? Challenges and Definitions
  • 25:38 Common Law vs. Civil Law: Perspectives on Legal Systems and Business Growth
  • 27:46 Passion for the Arts and Giving Back
  • 31:57 Faith in L.A.: Embracing the Lifestyle Amid Economic Challenges
  • 34:34 The Hollywood Incident: Will Smith and Chris Rock in the Spotlight
  • 37:15 The Intersection of Law and Life: The Importance of Broad Interests in Litigation
  • 39:51 The Best Preparation for Becoming a Lawyer
  • 43:01 The Importance of Verbal Skills and Writing in Legal Practice
  • 45:45 Burnout: Recognizing When Law Isn’t the Right Fit

Connect with RR Podcast at:

LinkedIn: https://hk.linkedin.com/company/hkufintech 
Facebook: https://www.facebook.com/hkufintech.fb/
Instagram: https://www.instagram.com/hkufintech/ 
Twitter: https://twitter.com/HKUFinTech 
Threads: https://www.threads.net/@hkufintech
Website: https://www.hkufintech.com/regulatoryramblings 

Connect with the Compliance Podcast Network at:

LinkedIn: https://www.linkedin.com/company/compliance-podcast-network/
Facebook: https://www.facebook.com/compliancepodcastnetwork/
YouTube: https://www.youtube.com/@CompliancePodcastNetwork
Twitter: https://twitter.com/tfoxlaw
Instagram: https://www.instagram.com/voiceofcompliance/
Website: https://compliancepodcastnetwork.net/

Categories
Corruption, Crime and Compliance

Checking in on The Caremark Cases

Over the last ten years, we have seen a marked shift from the Delaware Chancery Court chipping away at corporate board member liability claims.

In a number of seminal cases involving Boeing airplane crashes (In re the Boeing Co. Derivative Litig., No. 2019-0907 (Del. Ch. Sept 7, 2021)) and deadly listeria outbreaks from tainted ice cream (Marchand v. Barnhill, 212 A.3d 805 (Del. 2019)), Delaware Courts have upheld plaintiffs’ cases against claims of failing to adequately plead violations of the standards set forth in Caremark, 698 A.2d 959 (Del. Ch. 1996) (establishing basic pleading requirements to withstand motions to dismiss). 

In this episode, Mike Volkov provides a comprehensive update on the recent Caremark decisions issued by the Delaware Chancery Court, underscoring their importance for accountability and governance in the corporate world.

  • Caremark oversight duties stem from the well-established duty of loyalty and its subsidiary duty of good faith. To plead a Caremark claim, a plaintiff is required to put forth adequate facts from which a factfinder can make a reasonable inference that the fiduciary acted in bad faith. 
  • Under Caremark, bad faith can be established when a fiduciary: “(1) utterly fail[s] to implement any reporting or information system or controls,” or (2) having implemented such a system or controls, consciously fails to monitor or oversee its operations, which results in a failure to act or attend to a risk or problem requiring their attention or response. 
  • Last year, the Chancery Court made a groundbreaking decision, extending the so-called Caremark oversight obligations and governance requirements to senior management in the McDonald’s case. In re McDonald’s Corp. Shareholder Derivative Litig., 289 A.3d 343 (Del. Ch. 2023). This ruling is one of the most significant developments in recent years, advocating for increased accountability for oversight and governance failures.
  • Recent cases, such as the Boeing 737 MAX crashes and the Listeria outbreak from tainted Blue Bell ice cream, have highlighted failures in proper board governance and oversight responsibilities.
  • In a case involving Segway, the Chancery Court dismissed a motion against an officer for failing to detect financial discrepancies, emphasizing the need to demonstrate a lack of good faith in monitoring central compliance risks.
  • The trend in Delaware Chancery Court decisions is moving towards holding directors and officers accountable for failures to act in response to indications of potential illegal conduct, with a focus on bad faith actions.
  • The Boeing case exemplifies the consequences of board members ignoring safety concerns and focusing solely on the bottom line, leading to tragic outcomes that could have been prevented with proper oversight and accountability.

Resources:

Michael Volkov on LinkedIn | Twitter

The Volkov Law Group

Categories
Riskology

Riskology by Infortal Episode 25: Corporate Compliance in a Dangerous World

Welcome to the 25th episode of Riskology by Infortal!

In the 25th episode, Tom Fox joins hosts Dr. Ian Oxnevad and Christopher Mason to discuss the importance of strategic global risk management as geopolitical tensions rise and shifting alliances shape both international and domestic markets.

From Europe to Southeast Asia and the Middle East, global conflict has not only reshaped markets but also presented numerous challenges for businesses operating internationally. Companies are now compelled to consider geopolitics in their strategic planning processes, recognizing the potential risks to operations, supply chains, and market access.

The Riskology crew explores the strategies businesses can employ to navigate global challenges. From comprehensive geopolitical risk assessments and supply chain diversification to leveraging technology for resilience, they discuss how businesses can develop strategic solutions to mitigate operational risks.

They also discuss the significant transformations happening globally and their implications for corporate compliance teams and businesses at large. This includes examining how current global conflicts are impacting corporate compliance strategies.

One key element to assessing the current global risk landscape is conducting the right level of due diligence on your operations, supply chains, and global business partners. Importantly, deep level due diligence can not only help companies avoid unnecessary risk but can also uncover efficiency gains and process improvements.

This episode concludes with insights on how companies can invest in innovation for future readiness, enhance operational flexibility, and build organizational agility in this world marked by perpetual change and uncertainty.

 

Resources:

Infortal Worldwide

Email

Dr. Ian Oxnevad on LinkedIn

Chris Mason on LinkedIn

Tom Fox on the WebLinkedIn

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Sunday Book Review

Sunday Book Review: May 26, 2024 Business Books for May Edition

In the Sunday Book Review, Tom Fox considers books that would interest the compliance professional, the business executive, or anyone who might be curious.

It could be books about business, compliance, history, leadership, current events or anything else that might interest me.

In today’s edition of the Sunday Book Review, we look at some of the top business books for May 2024.

  • The Problem with Change by Ashley Goodall
  • The Venture Mindset by Alex Dang and Ilya Strebulaev
  • Get Better at Anything by Scott H. Young
  • The Profiteers by Christopher Marquis

For more information on Ethico and a free White Paper on ROI for your compliance program, click here.

Resource:

Business Books: What to Read This Month

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Because That's What Heroes Do

Deep Space 9 – Episode 4: Homecoming

Get ready for an exciting new season of Because That’s What Heroes Do. In this season, they take a deep dive into their favorite 15 episodes of Deep Space 9.

In this exploration, they are joined by DS9 maven Alex Murphy, (Murphy) from Montreal, who is a local historian, cinema, and TV fan with a love for weird foreign films, all things horror, and obscure media. He has been watching Trek since he was a tiny punk, and it’s been a lifelong love. Don’t miss out on the exciting new season of Because That’s What Heroes Do!

We begin a 2-part look at the opening trilogy from Season 2. In this episode, we review the episode Homecoming.

We discuss the compelling nature of these episodes, highlighting their significance in terms of world-building, character development, and their departure from traditional Star Trek storytelling. They emphasize the episodes’ exploration of complex themes such as PTSD, racism, and the moral grey areas faced by characters.

The conversation covers the intricacies of Bajoran politics, the allegiances within the crew, and the nuanced portrayal of various characters, particularly Kira Nerys and Quark. The episodes’ role in establishing DS9’s identity as a series that stands apart from other Star Trek series, with a darker tone and a focus on serialized storytelling, is also discussed.

They touch upon the broader implications for the DS9 universe, including the Federation’s relationship with Bajor and the character dynamics that enrich the narrative. Through their discussion, the hosts elucidate the episodes’ contribution to the overarching narrative of DS9 and the Star Trek universe.

Key Highlights and Themes:

  • Diving Into the Depths of DS9’s Unique Trilogy
  • Exploring the First Three-Part Episode in Star Trek History
  • Character Dynamics and World Building in DS9
  • The Complexities of Bajoran Politics and Federation Values
  • The Controversial Rescue of Lee Nollis and Its Implications
  • The Future of DS9

Resources:

Megan Dougherty 

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One Stone Creative

Twitter

Tom 

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Facebook

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