The Kitchen takes a peek into the newly released Corrupt Actors Report from the State Department, covering numerous politically exposed persons from Honduras, El Salvador and Guatemala.
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Welcome to Greetings and Felicitations. In this series I am joined by Astrophysicist and Healthcare Futurist Ben Locwin. In this podcast we consider the TOS episode The Naked Time as a starting point for the consideration of the science around the warp drive. A landing party from the Enterprise beams aboard Psi 2000, an ancient planet about to break up. They find all six of the crew manning the station dead. Crewman Joey unwisely removes his gloves is contaminated by a red liquid. As Psi 2000 shows a shift in magnetic field and mass, the Enterprise begins a close orbit requiring constant vigilance.
Unfortunately, an infected Lt. O’Reilly has turned off the warp engines. To restart the warp engines, matter and antimatter must be mixed in a controlled implosion. However, after mixing matter and antimatter at a colder than recommended temperature according to an untested intermix formula, the Enterprise is thrown into a time warp which causes the chronometer to run backwards. This allows the Enterprise to escape the breakup of the planet, returning it 71 hours into the past and therefore before any of the episode’s events took place.
Highlights include:
1. Why must you suspend your disbelief for this episode?
2. How would a warp drive work in practice?
3. Why does E=MC²control this issue?
4. What is antimatter?
5. What is the time wise effect on high speed travel?
Tom Fox and Megan Dougherty are back to review the Disney series starring the Marvel Cinematic Universe character, Loki, in the new series, appropriately enough named Loki. In this episode, they take a look at episode 5, Journey into Mystery. Each episode will feature a review of the sysnopsis, Cookies and other cool stuff and then go through some of the questions they have from each episode. It will be a rollicking great time. Join us for all 6 episodes. Spoiler Alert-if you have not seen the episode, Tom and Megan will be taking a deep dive into all of the storylines. In today’s episode we discuss:
- Story Synopsis.
- Cookies, easter eggs and other cool items.
- Questions going forward and back.
Welcome to the Career Can Do podcast, a show dedicated to helping you navigate the new work world. Host Mary Ann Faremouth, bestselling author of Revolutionary Recruiting and Revolutionary Invention, chats with experts in the business and recruiting industries and shares tips to help you realize your career goals.
This week’s guest is Jessica Levine, General Manager of Jonathan’s The Rub restaurant at Memorial Green. Jonathan’s is a family-run, award-winning restaurant. Jessica says that one key to their success is that they create a “Cheers effect, where everybody knows your name”. She tells Mary Ann that restaurants face three hurdles post-COVID: attracting guests back, getting employees to return to work, and better access to inventory. She shares how Jonathan’s has been able to overcome these challenges successfully.
Mary Ann asks Jessica how they have been able to maintain such low employee turnover. Jessica responds that it boils down to treating their employees like family. Their healthcare plan is also a big incentive for employees to stay, she adds. If more restaurants offered healthcare benefits, fewer workers would leave.
Resources
Jonathan’s The Rub restaurant
For catering inquiries: jonathanscatering@att.net | 713-467-9000
Faremouth.com
Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. This week Matt and Tom take a deep dive into the two recent FINRA enforcement actions involving the trading platform Robinhood. Some of the issues we consider are:
- What were the underlying facts?
- Were red flags missed, consciously avoided or outright ignored?
- Where was compliance?
- Why must the human element always be present in compliance?
- Why business continuity is really a compliance issues.
- What about the IPO?
Resources
Matt in Radical Compliance
Lessons from Robinhood
The Compliance Life details the journey to and in the role of a Chief Compliance Officer. How does one come to sit in the CCO chair? What are some of the skills a CCO needs to success navigate the compliance waters in any company? What are some of the top challenges CCOs have faced and how did they meet them? These questions and many others will be explored in this new podcast series. Over four episodes each month on The Compliance Life, I visit with one current or former CCO to explore their journey to the CCO chair. This month, my guest is Asha Palmer, CECO at Convercent. Palmer moved to Abu Dhabi where she had a non-traditional, non-linear path. In this part of her journey, she discovered compliance, which became her professional passion when she was teaching Business Ethics. She worked in IP at Coca-Cola and eventually joined a Sovereign Wealth Fund with portfolio businesses across the world?
Resources
Asha Palmer LinkedIn Profile
Convercent by One Trust
Categories
OSFI and Reasonableness
The Kitchen looks into the UK’s Office of Financial Sanctions Implementation recent guidance around licenses to access frozen funds to cover legal fees and maintenance expenses. OFSI looks at one ingredient in particular: that of “reasonableness” and the Kitchen is there to see what goes into the recipe for a successful license grant.
Welcome to Greetings and Felicitations. In this episode, I am joined by Astrophysicist and Healthcare Futurist Ben Locwin. In this podcast, we consider the TOS episode Where No Man Has Gone Before as a starting point for the consideration of the science around the phaser.
The Federation starship Enterprise is on an exploratory mission to leave the galaxy. At the edge of the galaxy, the ship it encounters a strange barrier which damages the ship’s systems and warp drive, forcing a retreat. At the same time, nine crew members are killed and both helmsman Gary Mitchell and ship’s psychiatrist Dr. Elizabeth Dehner are knocked unconscious by the barrier’s effect. When he awakens, Mitchell’s eyes glow silver, and he begins to display remarkable psychic powers. Alarmed that Mitchell may take over the Enterprise, Kirk decides to maroon him at an unmanned lithium-cracking facility on the remote planet of Delta Vega. Once there, the landing party tries to confine Mitchell, but his powers have become too great. Kirk follows with a phaser rifle, the only time in the Original Series it was seen. Kirk uses the phaser rifle to create a rockslide, killing Mitchell.
Highlights Include:
- Why aren’t phasers being used today?
- Why is air the biggest problem in creating a phaser?
- How can you aim and shoot at a target using a phaser?
- How do you deal with the energy loss?
How do you deal with having a leader who runs a public corporation?
Scenario: So you have a superstar CEO who is hyper-intelligent, dynamic, disruptive, and indeed uber-famous, and that person can bend the wind to his will, or so he thinks. Unfortunately, he also thinks rules and regulations like the SEC, disclosure, and financial statements are only for mere mortals, of which he is not one. He routinely makes questionable statements that drive his share price up and down. He also threatens employees with termination on the spot for those who don’t meet his rigorous work standards, even though the company has a written due process policy that H.R. has implemented.
As a compliance professional, how can you create a structure and work with a CEO who has an over-the-top personality and protect the company and work with that going forward? How do you utilize your Board of Directors? And other than perhaps giving your resignation or not taking the job to start with, — where might you start?
Key takeaways in the episode:
✔️ Why some great founders of disruptive companies struggle to transition into becoming mature corporate leaders. We run through several scenarios of a cult of personality with CEOs that started long before the technology boom and how leaders sometimes have destructive impulses that hurt their corporation?
✔️ Visionaries need practical people who know the rules, controls, and laws to run a company successfully. Kortney Nordrum, Regulatory Counsel & Chief Compliance Officer, states that a company will crumble without both. As compliance professionals, it is our job to rein it when all creative people don’t necessarily understand the rules they have to live by.
✔️ The Board of Directors’ job is to protect the company. If the CEO is a liability or presents insurmountable risks, that will ultimately fall on the board’s shoulders. Leverage your independent directors because, at the end of the day, the Board is the boss of the CEO.
✔️ Assess who is under the spell of the CEO? Is it internal, or is it external? If people are so bought into the person that they agree to whatever he says, it’s an internal culture issue. Ensure that some people are keeping perspective and monitoring controls are being enforced.
✔️ Why startups should institute internal controls early. As soon as you start employing people and go through hiring and payroll processes, that’s when you have to start caring about compliance and ensuring you have internal control structures to support what you’re building.
✔️ Culture trumps everything. Whether you’re working for a very charismatic disruptor CEO or a conservative CEO, the company’s culture should be one of compliance. If it’s not, then as a compliance professional, it’s your job to try to establish that.
✔️Even if you work for a disruptive leader, a high-flying, uber technologically savvy person, if they still respect you and your work, that’s key in leadership. In business, there are many negotiables, but it is imperative not to lose sight of being a decent human being and respecting others — that’s the one non-negotiable.
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Welcome to SURVIVE AND THRIVE, the newest addition to the Compliance Podcast Network. This is a podcast where we unpack compliance, crisis disasters and walk you through all the red flags which appear, and give you some lessons learned going forward. This show is hosted by Compliance Evangelist Thomas Fox and Kortney Nordrum, Regulatory Counsel & Chief Compliance Officer, Deluxe Corporation.
Do you have a podcast (or do you want to)? Join the only network dedicated to compliance, risk management, and business ethics, the Compliance Podcast Network. For more information, contact Tom Fox at tfox@tfoxlaw.com.