Welcome to a special five-part podcast series, A Conversation with Skillsoft and StoneTurn: From the Code of Conduct to Risk Assessment to Continuous Improvement. This week’s podcast series is jointly sponsored by Skillsoft and StoneTurn Group, LLP. In this podcast series we will explore the recently released 2020 Update to the Department of Justice’s (DOJ) Evaluation of Corporate Compliance Programs (2020 Update). We focus on your Code of Conduct and how it is informed by your Risk Assessment, training on your Code of Conduct, performing a Risk Assessment and conclude with how all this ties to continuous monitoring and continuous improvement. Participants in this podcast series include: from Skillsoft, Charlie Voelker, Director, Compliance Products; John Arendes, Vice President and GM of Global Compliance Solutions; from StoneTurn, Toby Ralston, Managing Director, Jamen Tyler, Managing Director and Stephen Martin, Partner. In this third episode, I visit with Jamen Tyler on conducting an effective risk assessment.
We began with some of Tyler’s top tips for conducting a risk assessment. She began that everyone needs to understand that risk assessments are about putting together and thinking about all of your risks. This means typically thinking about risks falling into kind of four buckets. They are (1) financial, (2) operational (3) legal/regulatory and (4) reputational. While most companies are pretty well versed in conducting risk assessments for financial and operational risks; legal regulatory and reputational can be just as harmful. This means a company needs to think critically about those final two buckets of risk, in addition to the more traditional financial operational risks. This means targeting specific risk areas by subject matter and even breaking it down to specific geographies or business units, can be both more efficient. It can also help to insure you are conducting risk assessments on a timely basis.
Join us tomorrow where I visit with John Arendes, Vice President and GM of Global Compliance Solutions at Skillsoft, who helps us take a deep dive into assessing your risks and using that process to then manage those risks.
Webinar
If you enjoyed today’s podcast, I want to let you know about an upcoming webinar Skillsoft and StoneTurn are hosting. The webinar “Evolving Your Compliance Program” will be held on Wednesday Sept 23 and will explore how companies are leveraging data and information to improve and evolve their compliance programs. Information and Registration click here.
Resources
For more information on Skillsoft’s compliance offerings, click here.
For more information on the Skillsoft/StoneTurn partnership, click here.
For more information on StoneTurn, click here.
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Welcome to the newest addition to the Compliance Podcast Network, Compliance and Coronavirus. As the Voice of Compliance, I wanted to start a podcast which will help to bring both clarity and sanity to the compliance practitioner and compliance profession during this worldwide health and healthcare crisis. In this episode, I am joined by Vin DiCianni, founder and CEO at Affiliated Monitors, Inc. We discuss challenges from isolation in this work from home environment and how compliance Ambassadors can facilitate and more fully operationalize compliance.
For more information on Affiliated Monitors, Inc. check out their website here.
Welcome to the Great Women in Compliance Podcast, co-hosted by Lisa Fine and Mary Shirley.
The Great Women in Compliance Podcast introduces another two-part series this week, featuring Sonia Zeledon of The Hershey Company. Sonia shares the philosophy of the Company: “Doing well by doing good” which seems like a dream environment for a Compliance Officer to walk into and Sonia shares how to not let such a front foot position lead to complacency.
Sonia discusses the company’s supplier code of conduct and how it’s at the heart of the company’s supply chain Compliance program. She also canvasses the intersection between privacy and compliance in her role and how the show had to go on during COVID-19. She also draws on her previous experience specializing in national security and shares with us some of the considerations when working in a Compliance function which must prioritize national security risk.
Lisa and Mary are currently busy working on the Great Women in Compliance book with Corporate Compliance Insights. One of the most enjoyable aspects of publishing the book is planning the launch party. The team is looking forward to sharing the details with their audience shortly and hopes that you all will be able to attend and raise a glass to toast all of the wonderful Great Women in Compliance that you know, starting with yourselves. Watch this space for further details!
Join the Great Women in Compliance community on LinkedIn here.
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. In this episode Matt comes in smoking hot over the Trump Administration’s attempted evisceration of the US Postal Service. He cools down to present multiple lessons for the compliance professional.
Some of the highlights include:
- What is the controversy?
- What happens when the CEO has a conflict of interest with his own organization?
- What happens when business objectives conflict with business priorities?
- How the amplification of social media can create undue pressures.
Resources
See Matt’s blog post, Governance Lessons from the Postal Service on Radical Compliance.
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 Louis Sapirman, Vice President, Chief Ethics & Compliance Officer and Chief Compliance Counsel for Panasonic Corporation of North America, the principal North American subsidiary of Panasonic Corporation. He oversees the company’s regulatory and compliance function, maintaining a culture of ethics, and ensuring all employees are upholding Panasonic’s longstanding values in their work.
Louis previously served as Associate General Counsel & Chief Compliance Officer for the Dun & Bradstreet Corporation. During his tenure as CCO, the company was recognized as one of the World’s Most Ethical Companies by the Ethisphere Institute. Prior to moving in-house, Louis worked in private practice with several law firms including Wilmer Cutler Pickering Hale & Dorr and Buchanan Ingersoll. Throughout his career, Louis has been recognized for his work. In both 2015 and 2016, the Ethisphere Institute named him to their list of Attorneys Who Matter in Compliance and Ethics, and in 2010 he was named International Employment Lawyer of the Year by the Association of Corporate Counsel.
In this Episode 3, Sapirman discusses how communications can be used to help drive a more ethical culture. Sapirman believes that communication as a driver of culture. But more than simply being a great communicator, a compliance practitioner must use skill to help others communicate the messages of ethics and compliance. He discusses the concept of 360-degree communications. He is a big fan of social media and the power of non-verbal communications. He concludes with an example of how he used training as an effective tool of communications.
Welcome to a special five-part podcast series, A Conversation with Skillsoft and StoneTurn: From the Code of Conduct to Risk Assessment to Continuous Improvement. This week’s podcast series is jointly sponsored by Skillsoft and StoneTurn Group, LLP. In this podcast series we will explore the recently released 2020 Update to the Department of Justice’s (DOJ) Evaluation of Corporate Compliance Programs (2020 Update). We focus on your Code of Conduct and how it is informed by your Risk Assessment, training on your Code of Conduct, performing a Risk Assessment and conclude with how all this ties to continuous monitoring and continuous improvement. Participants in this podcast series include: from Skillsoft, Charlie Voelker, Director, Compliance Products; John Arendes, Vice President and GM of Global Compliance Solutions; from StoneTurn, Toby Ralston, Managing Director, Jamen Tyler, Managing Director and Stephen Martin, Partner. In this second episode, I visit with Voelker on how a Risk Assessment informs your Code of Conduct.
We began with an exploration of why the Code of Conduct is so foundational to a compliance program in general. Voelker said, the “Code of Conduct is a way of capturing the risks and the issues that the organization faces. These are the major concerns that, that the organization has in terms of the type of business it is in, where it is operating and other factors of that nature.” Moreover, “by capturing those major issues within a training experience that is delivered across the organization and to all employees, it helps to level set everybody within the company in terms of what are those issues that are sort of top of mind for the company, what are the areas that as an employee needs to be focused on. Also, for employees, the Code of Conduct is a source of that information and also about where to go for more help. In many cases, a Code of Conduct will point to other policies or procedures or other resources that serve to provide that support that employees might need as they go about their day-to-day business.”
One of the key themes of the 2020 Update was of the importance of a risk assessment to all aspects of your compliance program. Additionally, the 2020 Update made clear the relationship between risk assessment and Code of Conduct training going forward. A risk assessment informs the content of the company’s Code of Conduct itself by identifying the topics and the issues that relate to the risks the organization faces.
Join us tomorrow where Jamen Tyler, Managing Director at StoneTurn, helps us take a deep dive into Risk Assessments.
Webinar
If you enjoyed today’s podcast, I want to let you know about an upcoming webinar Skillsoft and StoneTurn are hosting. The webinar “Evolving Your Compliance Program” will be held on Wednesday Sept 23 and will explore how companies are leveraging data and information to improve and evolve their compliance programs. Information and Registration click here.
Resources
For more information on Skillsoft’s compliance offerings, click here.
For more information on the Skillsoft/StoneTurn partnership, click here.
For more information on StoneTurn, click here.
Welcome to the newest addition to the Compliance Podcast Network, Compliance and Coronavirus. As the Voice of Compliance, I wanted to start a podcast which will help to bring both clarity and sanity to the compliance practitioner and compliance profession during this worldwide health and healthcare crisis. In this episode, I am joined by Eric Feldman, SVP at Affiliated Monitors, Inc. We discuss the role of the Board of Directors in establishing corporate culture during the time of Coronavirus, corporate governance issues and compliance in the Supply Chain during Covid-19.
For more information on Affiliated Monitors, Inc. check out their website here.
Matt Kunkel saw a need in the market for “a platform that could act as a central nucleus and bring together and automate in a flexible, easy fashion, all of the different components that make up a traditional governance, risk and compliance regulatory program.” He, together with John Siegler and Dan Campbell, founded LogicGate to fulfill that need. Matt joins Tom Fox on this week’s show to talk about LogicGate’s GRC platform and how it helps businesses improve their bottom line.
Every Business Needs a GRC Champion
Matt wants to give business leaders the keys to the kingdom from a technology perspective. Leaders should be able to own and maintain Governance, Risk and Compliance (GRC) technology that grows and evolves alongside the company’s growth and evolution. A well run GRC program has multiple stakeholders throughout the organization, he points out, especially a champion who will advocate for a culture of risk and compliance. He shares six tips for choosing the best GRC solution.
Managing Third Party Risk
Tom asks about the key exposure points in third party risk and how LogicGate’s solution helps to manage those risks. Matt responds that the best GRC program is only as good as the third parties we use and the programs they have in place. He explains the role of their platform in managing third party risk as well as performing due diligence.
Risk is Good
Matt explains why all businesses should have a Business Continuity Playbook: it’s your Bible to tell you what to do when a disaster strikes, he says. He emphasizes that risk is good. “Risk is good. Companies are built and scaled and grow and achieve great things because they take on… additional strategic risk,” he remarks. It’s about evaluating where risk lies and taking the necessary mitigating steps that would enable you to take on more risk and drive better business outcomes. “I hope that we as an industry can elevate compliance professionals, risk professionals, security professionals to a spot where we can help the organization make strategic decisions based on risk to drive better top-line outcomes, more revenue for the business. It’s not just about asset protection, it’s about revenue generation,” he comments.
Resources
LogicGate.com
LogicGate on LinkedIn | Twitter
Matt Kunkel on LinkedIn
In today’s edition of Daily Compliance News:
Welcome to a special five-part podcast series, A Conversation with Skillsoft and StoneTurn: From the Code of Conduct to Risk Assessment to Continuous Improvement. This week’s podcast series is jointly sponsored by Skillsoft and StoneTurn Group, LLP. In this podcast series we will explore the recently released 2020 Update to the Department of Justice’s (DOJ) Evaluation of Corporate Compliance Programs (2020 Update). We focus on your Code of Conduct and how it is informed by your Risk Assessment, training on your Code of Conduct, performing a Risk Assessment and conclude with how all this ties to continuous monitoring and continuous improvement. Participants in this podcast series include: from Skillsoft, Charlie Voelker, Director, Compliance Products; John Arendes, Vice President and GM of Global Compliance Solutions; from StoneTurn, Toby Ralston, Managing Director, Jamen Tyler, Managing Director, and Stephen Martin, Partner. In this first episode, I visit with Toby Ralston on Code of Conduct.
Obviously, your Code of Conduct is viewed as a foundational document by the DOJ and Securities and Exchange Commission (SEC) as they laid out in the FCPA Resource Guide, 2nd edition. Yet many compliance practitioners struggle with how to benchmark a code of conduct. Ralston believes there are a number of ways that a compliance professional could potentially benchmark a Code of Conduct. He suggested “a matrix approach that uses a modified scorecard or a balanced scorecard where we measure objectives early and subjectively rank an individual Code. We then consider those components against the Codes of competitors and those recognized as best practice.” This can make such a benchmarking exercise a peer comparison, but that peer to peer comparison should not be limited to organizations in your industry. “We find that this approach helps us identify missing or underdeveloped topics as well as sections of a Code that likely need to be condensed or reorganized.”
Join us tomorrow where Charlie Voelker, Director, Compliance Products, Skillsoft, discusses how a Risk Assessment informs your Code of Conduct.
Webinar
If you enjoyed today’s podcast, I want to let you know about an upcoming webinar Skillsoft and StoneTurn are hosting. The webinar “Evolving Your Compliance Program” will be held on Wednesday Sept 23 and will explore how companies are leveraging data and information to improve and evolve their compliance programs. Information and Registration click here.
Resources
For more information on Skillsoft’s compliance offerings, click here.
For more information on the Skillsoft/StoneTurn partnership, click here.
For more information on StoneTurn, click here.
