Richard Lummis and I are back for another episode of 12 O’Clock High, a podcast on business leadership. Today, we end this most unusual year of 2020 with our annual wrap up and look forward into 2020. We consider where have we been over the past year with our Presidential series, some of our favorite episodes and why researching Theodore Roosevelt was almost as much fun as recording the podcast series on leadership lessons from TR and we conclude with where we might head in 2021 and a sneak peek at our February month of leadership lessons from Oscar-winning best pictures.
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In this episode, I am joined by Eric Young, recently retired long-time compliance professional. In a continuing series on the FCPA Compliance Report, Eric joins me to explore some of the key changes he observed in compliance and enforcement in the financial industry over the decade of 2010 to 2020.
Some of the highlights include:
- Greater and more visibility of bribery and corruption enforcement, particularly by the SEC against financial institutions.
- Much lower regulator tolerance for poor data governance, self-governance and self-regulation.
- An AML compliance program is a microcosm of what an enterprise-wide corporate compliance program should look like.
Resources
Eric Young on LinkedIn
In today’s edition of Sunday Book Review:
Black Spartacus: The Epic Life of Toussaint Louverture by Sudhir Hazereesignh
The Great Pretender by Susannah Cahalan
Leo Tolstoy by Andrei Sorin
Russian Roulette: The life and times of Graham Greene by Richard Greene
In today’s edition of Daily Compliance News, I take things in a different direction as I discuss four books I read this year that every compliance professional should read.
- Level Up–Alyson Van Hooser
- Defining Moments–Melanie Bragg
- The Hero Factor–Jeffrey Hayzlett
- I Am Accountable–Sam Silverstein
In today’s edition of Daily Compliance News:
- SEC sues cryptocurrency firm. (BBC)
- How WeWork thrived during Covid-19. (Vox.com)
- Should employers require Covid-19 vaccines. (FThttp://www.ft.com/)
- ABB reaches settlement with Eskom and South Africa’s SIU. (ABB Press Release)
Categories
Go Big or Go Home
Welcome to the latest edition to the Compliance Podcast Network, The Wirecard Saga. In this series, I am joined by Mikhail Reider-Gordon, Managing Director of Institutional Ethics & Integrity at Affiliated Monitors. In this episode, we take a deep dive into the former government officials who became Wirecard lobbyists, Wirecard goes big in China as Merkel whispers and then stumbles. All this and much more in the Go Big or Go Home edition.
Some of the highlights include:
- Current event wrap up;
- Investigative Committee grills top government officials;
- Former Minister Karl Theodor zu Guttenberg Don’t-call-me-a-lobbyist, who is BFF with Wirecard BD Georg von Waldenfels; holds private chit-chats with Merkel;
- Wirecard seeks access to China and the Chancellor whispers in Xi’s ear;
- All AllScore, All the Time;
- Big Trouble in Little China;
- Papageorgieu counsels no assistance but then the Ministry of Finance weighs in;
- Merkel and her government stumble; and
- Former minister Klaus-Dieter Fritsche is a consultant too.
- Professional background of Dan Goodwin
- Why do you advocate to ‘think like an investigator’?
- This advice is not simply for investigations but as a way to think through issues.
- You have said that Covid-19 has sped up changes by 3-5 years. Why?
- What are some of the top questions you are getting from your clients at this point in the Coronavirus era?
- Where do you see us in 12 to 18 months out?
Resources
Dan Goodwin on LinkedIn
In this episode of Across the Board, I visit with Ben Colton, Global Co-Head of Asset Stewardship at State Street Global Advisors. He joins me to discuss the latest guidance from State Street Global Advisors for companies on their racial equity efforts. Starting in 2021, the SSGA will ask companies in its investment portfolio to articulate their risks, goals and strategy as related to racial and ethnic diversity, and to make relevant disclosure available to shareholders. Some of the highlights include:
- What the Proxy Season Review is used for?
- SSGA has been working with companies since at least March on issues related to Stewardship Engagement. What were and are some of the key issues raised?
- How has SSGA engaged with companies around social issues such as BLM, employee health and safety and D&I.
- Has covid-19 heightened a focus on climate change?
- What are the types of questions/discussions you are having with shareholders and Boards at this point, as opposed to back in March and April?
Resources
See the latest letter from State Street Global Advisors’ global CIO Richard Lacaille, offering companies guidance on racial equity.