Categories
Innovation in Compliance

Building Trust and Communication Through Internal Reporting with Tori Reichman


Tori Reichman is VP Commercial at Vault Platform, a leading B2B enterprise software company. Vault Platform enables employees to report incidents and also “provides a single source of truth to the company so that the company can receive, manage and resolve incidents and also identify and manage risk around the company’s ethical and cultural health.” Her company’s offering and how it enables both employer and employee, is the topic of Tori’s discussion with Tom Fox in this week’s episode of Innovation In Compliance. 


Building Trust
“One of the reasons I came to join [Vault Platform] is because there’s something in it both for the employees and the employer,” Tori remarks. “It’s really about building trust and creating trust between those two components.” Vault Platform can be used by organizations in a variety of industries to report on a variety of incidents. Tom asks how it can help companies with continuous monitoring and improvement of their compliance programs. Tori explains that Vault Platform allows companies to have real-time visibility into incidents occurring across the organization via the dashboard. “From an investigation resolution perspective, we also have always had the board at the center of it,” she comments. “[We are always thinking about] what the board needs to know to be able to provide guidance, to get that true visibility so they can see what’s happening.”
The Rise of Employee Activism and Cyberbullying
One result of the #MeToo and Black Lives Matter movements is that companies are facing social pressure to act with integrity. Employee activism is on the rise around the world because workers want to speak out – they care about working with companies that take meaningful action on issues. Tom and Tori discuss the importance of creating a climate where employees feel psychologically safe to speak out about their experiences or what they witness. Tom introduces the important topic of diversity and inclusion. Tori says that she is pleased that the conversation today is more about equity and inclusion than about what makes us different. “It’s about how do we bring our different selves to work together to achieve the organization’s objectives or society’s objectives,” she points out.
Cyberbullying is unfortunately becoming more common in the pandemic. Tom and Tori discuss this phenomenon, and Tori shares insights why it is so. One reason is that when people are under stress they are more likely to turn a blind eye to misconduct: they are focused on taking care of themselves, Tori says.
Resources
VaultPlatform.com
Vault Platform on LinkedIn | Twitter
Tori Reichman on LinkedIn
tori@vaultplatform.com 
Create a healthy cyberculture: Stop bullying at work

Categories
Daily Compliance News

November 17, 2020-Jay, We hardly Knew Ye edition


In today’s edition of Daily Compliance News:

  • Another college bribery scandal-this time Harvard. (WSJ)
  • Jay Clayton says he will step down. (WSJ)
  • What would a Biden China policy look like? (NYT)
  • Did Google plan a personal attack on EU Commissioner? (FT)
Categories
FCPA Compliance Report

Dave Lefort, Reflections on Tommy Heinsohn


In the episode, I take things in a different direction as I visit with Compliance Week Editor-in-Chief Dave Lefort. We reflect on the life and meaning of the recently deceased Tommy Heinsohn. We talk about Heinsohn the player, the coach, the announcer and the man. We discuss leadership and why Heinsohn was a figure beloved by all of New England.
Some of the highlights include:

  • The basketball resume of Tommy Heinsohn, from Holy Cross and an NIT Championship, to a Boston Celtics player, to the Boston Celtics coach and ending as the Boston Celtics announcer.
  • Some Heinsohn numbers.
  • Tommy Heinsohn and Red Auerbach –their relationship.
  • How did Auerbach make use of Tommy’s skills in over 35 years of working together?
  • What is the role of a Coach/GM in finding roles for all players?
  • What did Tommy mean to Boston, New England and indeed all of New England?
  • Why is continuity so valued in Boston sports?
  • Final Thoughts-What did Tommy Heinsohn mean personally to each of us?
Categories
Daily Compliance News

November 16, 2020-Jones Day Reckoning edition


In today’s edition of Daily Compliance News:

  • Investors defrauded by Och-Ziff finally reimbursed. (WSJ)
  • Damage inside from and outside to Jones Day. (AboveThe Law)
  • Law firms bailing on Trump campaign. (NYT)
  • What will be final cost to Robert Smith for tax fraud? (WaPo)
Categories
Daily Compliance News

November 14, 2020-1st Female GM edition


In today’s edition of Daily Compliance News:

  • First Energy fires top two lawyers over corruption scandal. (Bloomberg)
  • First female VP, now first female GM. (ESPN)
  • Will Covid vaccine lead to Biden boom? (NPR)
  • Bankruptcy filings up 25% over past year for small businesses. (Houston Chronicle)
Categories
Creativity and Compliance

Creating Tales from the Hotline with Pat Figliano


Where does creativity fit into compliance? In more places than you think. Problem-solving, accountability, communication, and connection – they all take creativity. Join Tom Fox and Ronnie Feldman on Creativity and Compliance, part of the Compliance Podcast Network. In this show, we visit with Pat Figliano, Global Compliance Program Manager at Magna International. Pat shares about working with Ronnie on a  new creative project for her compliance function, Tales from the Hotline.
Some of the highlights include:

  • Pat introduces the Magna’s E&C program, its current focus and her role in building the program.
  • Pat and Ronnie worked on a project that ended up being called, “Tales from the Hotline”. It encompassed some of the following:
    • Real stories about workplace behavior submitted from a group of E&C professionals.
    • Uses a storytelling style, allowing you cover a lot of ground.
    • Addresses a variety of risk areas.
    • There is a running speak up/raising concerns theme highlighting all the different speak up channels that were used and were not used.
    • Positions the E&C team as helpful advisors and coaches.
    • Even though the stories are serious, the storytellers are interesting and playful, making them engaging.
    • They are like short case studies.
  • What were the lessons learned by Pat from the project?
  • What advice would she give others who want to try something more creative?

Resources:
Ronnie Feldman (LinkedIn)
Learnings & Entertainments (LinkedIn)
Ronnie Feldman (Twitter)
Learnings & Entertainments (Website)
60-Second Communication & Awareness Shorts – A variety of short, customizable, quick-hitter “commercials” including songs & jingles, video shorts, newsletter graphics & Gifs, and more. Promote integrity, compliance, the Code, the helpline and the E&C team as helpful advisors and coaches.
Workplace Tonight Show! Micro-learning – a library of 1-10-minute trainings and communications wrapped in the style of a late-night variety show, that explains corporate risk topics and why employees should care.
Custom Live & Digital Programing – We’ll develop programming that fits your culture and balances the seriousness of the subject matter with a more engaging delivery.
Tales from the Hotline – check out some samples.

Categories
This Week in FCPA

Episode 229 – the President-Elect Biden edition


As President-Elect Biden begins the long struggle of transition with the temper-tamper throwing Trump Administration, Tom and Jay are back to look at top compliance articles and stories which caught their eye this week.

  1. Mike Volkov revisits the Herbalife FCPA settlement. On Corruption Crime and Compliance.
  2. Did culture shock contribute to the severity of the Beam Suntory FCPA enforcement action. Dick Cassin explores in the FCPA Blog.
  3. What might compliance look like under a Biden Administration? Matt Kelly considers in Radical Compliance. Tom and Matt take a deep dive in Compliance into the Weeds.
  4. COSO says risk and compliance need to be more aligned. Jack Hagel in the WSJ Risk and Compliance Journal.
  5. CCOs and personal liability. Jonathan Marks in Board and Fraud.
  6. Are companies undervaluing their potential FCPA exposures? Bill Steinmann considers in the FCPA Blog.
  7. Proseucuting Trump. Rick Messick in GAB.
  8. The uncertainty and risk of doing business with Chinese companies. Dick Cassin reivews in the FCPA Blog.
  9. On the Compliance Podcast Network, on 31 Days to a More Effective Compliance Program, we continue our exploration of compliance for Business Ventures.  Monday-the future of compliance training; Tuesday-Compliance Practitioners skills; Wednesday– Compliance Profession Talents; Thursday– data as compliance advantage; Friday– Connected Compliance. Note 31 Days to a More Effective Compliance Program now has its own iTunes channel. If you want to binge out and listen to only these episodes, click here.
  10. Join K2 Integrity (formerly K2 Intelligence FIN) for a November 18 webinar, on combatting the financing of terrorism in the domestic context. Learn more and register here.
  11. Next week, join the Internation Federation of Compliance Institutes for its first International Congress. November 16 to 20, registration and information here. Join myself ECI’s Pat Harned and a host of others at this great event.

Tom Fox is the Compliance Evangelist and can be reached at tfox@tfoxlaw.com. Jay Rosen is Mr. Monitor and can be reached at jrosen@affiliatedmonitors.com.

Categories
STAKE: The Leadership Podcast

Increase Productivity by Doing THIS! 


Need to get more done in a day? From my own experience, setting boundaries around communication in the workplace is critical to improving productivity. Leaders, pump the brakes for a second! There is a right way and a wrong way to set boundaries. In today’s episode, we’re working through an example of just how to set communication boundaries the right way…and the wrong way.If you want to increase productivity and create a more positive employee engagement experience, listen up! Boundaries are not bad – they’re best! In today’s episode, let’s talk about the why and  how!   
If you’re looking for tangible action steps and refreshing insights to help ignite the power of your own leadership journey, sign up for my weekly leadership blog HERE.  If your business would benefit from higher-performing leaders, check out more information about the comprehensive leadership development training I do HERE  
If you want to reach out to me directly, email alyson@vanhooser.com.  
If you enjoyed this episode, will you please subscribe and leave a review? Your reviews help this show get discovered by more incredible leaders just like you. I’m obsessed with helping leaders ignite their performance results and I’d love to have you help me make an impact! Thank you so much!  P.S. Share and tag me on social — @AlysonVanHooser — and I’ll share your comments and big takeaways on my feed! 

Categories
Daily Compliance News

November 13, 2020-Friday, the 13th edition


In today’s edition of Daily Compliance News:

  • COSO wants better alignment of compliance and risk departments. (WSJ)
  • Pfiser’s covid vaccine distribution plan—was compliance consulted. (NYT)
  • Tighter Wall Street scrutiny coming? (WaPo)
  • Top ANC official arrested for corruption. (Aljazeera)
Categories
Daily Compliance News

November 12, 2020-TikTok Relief edition


In today’s edition of Daily Compliance News:

  • TikTok wants relief. (WSJ)
  • Softbank back from the edge. (WSJ)
  • More trouble for Kodak and options. (NYT)
  • New business model for Ford? (WSJ)