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Everything Compliance

Episode 57-the Airbus edition


Welcome to the only roundtable podcast in compliance. We devote our entire episode to the Airbus international corruption enforcement actions. Today, we have a serving of Jonathan Armstrong, Jay Rosen, Matt Kelly and Mike Volkov with a potpourri of topics. Rants and shouts outs follow the commentary for this episode.

  1. Mike Volkov considers the enforcement action from the trade sanction/ITAR perspective.
  2. Jonathan Armstrong reviews the SFO’s role in this matter.
  3. Jay Rosen sets up the background facts under the US Deferred Prosecution Agreement and Criminal Information released by the DOJ and considers the FCPA angle of the case.
  4. Matt Kelly looks at some policy angles and compares Airbus to recent scandals involving Wells Fargo and Boeing. 

The members of the Everything Compliance are:

  • Jay Rosen– Jay is Vice President, Business Development Corporate Monitoring at Affiliated Monitors. Rosen can be reached at JRosen@affiliatedmonitors.com
  • Mike Volkov – One of the top FCPA commentators and practitioners around and the Chief Executive Officer of The Volkov Law Group, LLC. Volkov can be reached at mvolkov@volkovlawgroup.com.
  • Matt Kelly – Founder and CEO of Radical Compliance. Kelly can be reached at mkelly@radicalcompliance.com
  • Jonathan Armstrong –is our UK colleague, who is an experienced data privacy/data protection lawyer with Cordery in London. Armstrong can be reached at armstrong@corderycompliance.com

The host and producer (and sometime panelist) of Everything Compliance is Tom Fox the Compliance Evangelist. Everything Compliance is a part of the Compliance Podcast Network.

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12 O’Clock High-a podcast on business leadership

Leadership Lessons from Rocky


Richard Lummis and I are back. Today, continue our annual review of Oscar winning Best Pictures and the leadership lessons drawn from them. Over the next four weeks we will consider the following movies: Casablanca, Rocky, The Greatest Show on Earth and Out of Africa. Today, we continue our series with one of the very all-time boxing movies, Rocky.
Highlights of this podcast include:

  1. What are our favorites scenes from the movie? No one who you anything, you owe yourself, get the work done and we are all underdogs.
  2. What are the leadership lessons from Rocky Balboa? Repetition will make you great, tech can be a great business advantage but never forget the human element and practice for the worst.
  3. What are the leadership lessons from Apollo Creed? The mind is the greatest muscle and pay attention to those behind you.
  4. What are the leadership lessons from Rocky’s trainer-Mick?
  5. What are the leadership lesson from the boxing ring? Go the distance and think long term, it’s not about how hard you punch but how hard a punch you can take and go back into the ring when it’s the toughest.
  6. Do these lessons hold up today?

Resources
Five Business Lessons I Learned from Rocky
4 dialogues from Rocky series that helped me become a better leader
Leaders as Storytellers
4 Motivational Lessons that Rocky Can Teach

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Daily Compliance News

February 20, 2020, the More Alstom Indictments edition


In today’s edition of Daily Compliance News:
·       More Alstom indictments. (FCPA Blog)
·       Another sentencing in the PdVSA ongoing bribery scandal. DOJ Press Release.
·       France looking deeper into Carlos Ghosn. (WSJ)
·       Trump says he’s the top law enforcement official in US. (NYT)

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Daily Compliance News

February 19, 2020, the Pardons Pardons Pardons edition

 

In today’s edition of Daily Compliance News:

  • Airbus means a new dawn in French anti-corruption enforcement. (FT)
  • Trump pardons white collar criminals. Are Stone, Flynn and Manafort next? (NYT)
  • More grief for Boeing. (WSJ)
  • Mossack Fonseca client pleads guilty. (WSJ)
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Great Women in Compliance

Sarah Hadden on Cross-Pollinated Project Groups


Welcome to the Great Women in Compliance Podcast, co-hosted by Lisa Fine and Mary Shirley. In episode 51, Mary Shirley, speaks with Sarah Hadden, the Editor of Corporate Compliance Insights (CCI). They visit about an innovation for compliance professionals, cross-pollinated project groups.
One of the best parts of the GWIC podcast for Mary and Lisa is when it has resulted into new ideas for other initiatives. During Sarah Hadden’s interview (check out Episode 36 if you missed it!), we touched on the Fresenius Medical Care North America’s Compliance Department sub-group, the Marketing Team. The idea stemmed from previous Chief Compliance Officer, Lisa Estrada and was brought to life by the cross-pollinated team of staff who would become responsible for department branding, delivering Compliance Week events to 66,000 staff and re-vamp of Compliance Action Line materials.
In this conversation, we draw on Sarah’s significant subject matter expertise as a marketing and communications professional to highlight some of the key marketing techniques that Compliance Departments ought to consider when implementing similar teams within their own departments and Mary shares the success stories and hard lessons learned from two years leading the FMCNA Compliance marketing team. We walk through some of the key factors to think about when implementing your own cross-pollinated focus teams within your Compliance Department and touch on some of the subjects beyond marketing that you might benefit from creating specialist taskforces to work on.
We dare you not to be inspired to create your own cross-pollinated project teams!
Building anything should have architects, contractors, and inspectors, and we hope you enjoy thinking about your work and the role you and your colleagues play on your dream team.
Join the Great Women in Compliance community on LinkedIn here.

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Trekking Through Compliance

Picard-Episode 3, The End is the Beginning


Welcome to a special series of Trekking Through Compliance, the podcast series inspired by my review of Star Trek, the Original Series. In this special series I am joined by another uber Star Trek maven, Megan Dougherty. In this series we will review the new television show Picard which is currently streaming on CBS.
SPOILER ALERT-Although we will review each episode after it appears, we will discuss each episode in depth.
Episode 3, The End is the Beginning. A flashback reveals how, in the aftermath of the synth attack on Mars, Picard demanded that Starfleet either agree to his evacuation plan or accept his resignation. They chose the latter; his executive officer Raffi, who suspected Romulan involvement in the attack, was fired. In the present, Picard asks Raffi for help; she throws him out, but recommends a pilot for his mission, Chris Rios. Meanwhile, aboard the Borg cube, Director Hugh, a former Borg drone, takes Soji to see a group of Romulan former drones. One of the reclaimed Romulans declares Soji to be “the destroyer” and tries to kill herself; Soji uses her enhanced speed to stop her. Narek’s sister warns him not to get emotionally attached to Soji. Picard, Laris, and Zhaban are attacked by Zhat Vash operatives. They kill all but one, who also calls Soji “the destroyer” under interrogation, before dissolving in a pool of acid. Dr. Jurati is approached by Commodore Oh, who demands to know what was said during Jurati’s meeting with Picard. Jurati decides to join Picard on his journey. They board Rios’ ship, La Sirena, and find Raffi already there. She directs them to Freecloud, where she believes Bruce Maddox is located.
Highlights, speculations and questions include: 

  1. How did Picard get his nickname?
  2. This episode appears to be the end of the character development arc.
  3. Why did Picard leave Raffi to wallow in self-pity for 14 years?
  4. Why did Raffi wallow for so long?
  5. Why are the reclaimed Romulans such outcasts?
  6. Is Dr. Jurati a plant?
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Innovation in Compliance

Gini Dietrich on Spotting Red Flags


 
This week’s guest on Innovation In Compliance is Gini Dietrich, CEO and founder of Spin Sucks. Gini is a writer, blogger, speaker and all-around expert in the PR space. She recently wrote a blog post entitled, How to Spot Red Flags in New Business Relationships, which is the focus of her discussion with Tom Fox in this week’s show.
 

 
Trust Your Instincts
Tom asks Gini what inspired the blog post. She responds that she actually wrote the blog post as a reminder to herself to always look for red flags and always listen to her gut. She says that when you’re contemplating a prospective business relationship, there are a few questions you should always ask yourself. Do you see red flags? Can you get past them because there are other advantages? Should you discontinue the conversation and save yourself time, angst, money and resources in the long run? In the PR space, the most common red flag is unrealistic expectations, Gini explains.
Why? Why? Why?
Gini points out the importance of writing down red flags. For one thing, it makes them more concrete; and for another thing, you can take your questions into your meetings to remind yourself to ask certain questions if red flags arise. You should be constantly evaluating your business relationships. Ask follow up questions. Gini advocates asking why at least three times. Tom comments that the compliance industry uses that exact technique; it’s called root cause analysis.
Learn to Say No
Tom asks, “Why is the ability to say no critical for business owners and compliance professionals?” Gini responds that in business relationships if you can’t find any red flags then it’s usually going to be a good relationship. The inverse is also true: if there are red flags then the relationship is usually going to be difficult. The other reason why being willing to say no is important is that in the PR business as in compliance, you’re selling your time and you can’t scale that. So it’s critical to say no to things that will take your time away from what you should be doing. Tom mentions that part of Gini’s process is to try to disqualify every prospect. She comments that looking for reasons to disqualify a prospect, and finding them, makes it easier to say no to them. She shares tips on what red flags might look like from the employee and client perspective.
Resources
SpinSucks.com
How to Spot Red Flags In New Business Relationships

Categories
Daily Compliance News

February 18, 2020, the Take it Back edition


In today’s edition of Daily Compliance News:

  • Rio Tinto goes after whistleblower. (FT)
  • What compliance continuity planning have you done? (FT)
  • Morley tweet has cost NBA more than $400MM. (WSJ)
  • Baseball Commish wanted to take back Astros WS championship. (Houston Chronicle)
Categories
FCPA Compliance Report

Joanne Taylor on the UK Airbus Enforcement Action


In the Episode, I visit with Joanne Taylor, Managing Director at K2, an industry leading investigative, compliance and cyber defense services firm. Joanne joined K2 Intelligence with 20 years of experience in legal, investigations, and financial crime compliance. This includes fraud risk management, anti-bribery and corruption, regulatory enforcement, and fraud investigations within leading international financial and legal services industries. Prior to joining K2 Intelligence, Joanne led global anti-fraud, bribery and corruption strategy and was previously responsible for the global whistleblowing program and cross-border investigations related to fraud, bribery and corruption for a European bank. In this podcast we discuss the UK portion of the Airbus anti-corruption enforcement action.
Some of the highlights include:

  1. The Airbus international corruption settlement is so massive that many compliance professionals might have trouble getting their arms around it. What are there some key takeaways you see from your perspective?
  2. Can you describe the extensive cooperation noted by the UK Court by Airbus after the investigation began in earnest?
  3. What is the significance of the French/UK/US taking the lead in different aspects of the investigation?
  4. The UK Court provided a detailed look at the economic consequences of a trial and guilty verdict. Why was this analysis so critical to the Court?
  5. What do you see as the significance of the international cooperation by investigating agencies and enforcement agencies?
  6. What does the UK Judgment say about or do for the SFO?
Categories
Daily Compliance News

February 17, 2020, the Apocalypse is Nigh edition


In today’s edition of Daily Compliance News:

  • A company needs profits to have purpose. (NYT)
  • Avianca office raided by Colombian authorities. (WSJ)
  • Unilever to quit marketing ice cream. (Washington Post)
  • Baseball Commish says Astros owner bird the world, not successful apology. (Houston Chronicle)