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January 1, 2020, the New Year’s edition

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Post date January 1, 2020
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In today’s edition of Daily Compliance News:

Only female billionaire in Africa has assets frozen. (Bloomberg)
Former Cognizant GC wants prepayment for legal fees. (Times of India)
CFTC announces $1MM whistleblower award. (Compliance Week)
23-day data breach at Wyze Labs. (NYT)

12 O’Clock High-a podcast on business leadership

2019 Year End Wrap Up

Richard Lummis and I are back and today for our final podcast of 2019 and the second decade of the 21^stCentury. Today, we provide a wrap up of 2019 podcasts, giving some of our favorites and new issues we learned about or perhaps reacquainted ourselves with from history. We then consider some of the topics we will explore in 2020.
Highlights of this podcast include:

Leadership series based upon the book by Retired General Stanley McCrystal.
How economic bubbles from the 18^th and 19^th century inform leadership, business and crowd psychology today.
Leadership lessons from our fan favorite Oscar Best Pictures series.
Presidential series from the post-Civil War Presidents up to TR, proving once again there are no new issues in American politics.
Our tribute to author Phillip Kerr and his final Bernie Gunther novel Metropolis.
A series on General MacArthur and President Truman, exploring their diverse leadership styles.
The significance of the title to this podcast.
What are we looking forward to talking about in 2020?

Resources
Metropolis by Phillip Kerr
Leaders: Myths and Reality by General Stanley McCrystal, Jeff Eggers and Jason Magone

Daily Compliance News

December 31, 2019, the End of the Teens edition

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Post date December 31, 2019
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In today’s edition of Daily Compliance News:

Corruption returning to South America? NYT.
Ghosn jumps bail in Japan. (WSJ)
SEC wants to loosen auditor independence rules. (WSJ)
Do you Belong? (Washington Post)

FCPA Compliance Report

Karen Woody on the SEC year in FCPA Enforcement

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Post date December 30, 2019
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In the Episode, I visit with Karen Woody, Assistant Professor of Law at Washington and Lee. Karen was in private practice for many years before going into Academia. She specializes in the SEC and issues around the Commission. Some of the highlights include:

Karen moved this year from the Indiana University-Kelly School of Business to the Law School at Washington and Lee. We discuss some of the differences in teaching at a law school as opposed to a business school.
Karen assesses the SEC’s overall year in FCPA Enforcement.
Karen highlights some of the key SEC FCPA enforcement actions over the past year.
She provides insights into the upcoming Supreme Court consideration of Lui and Wang attack on profit disgorgement.
We consider SEC Chairman Clayton’s backing off on his attempt to cut whistleblower awards. Why did it fail?
Woody highlights some of the SEC enforcement areas she is paying the most attention to going forward.
We conclude with a look into the veiled land of the future and what Woody expects to see from the SEC in 2020.

Resources
Scholarly papers from Karen Woody, click here.

Tags Karen Woody, SEC

Daily Compliance News

December 30, 2019, the Joh Low is Missing edition

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Post date December 30, 2019
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In today’s edition of Daily Compliance News:

Malaysia not getting much help to find Jho Low. (Bloomberg)
Lilly said it would cut prices for generic insulin. Did it? (Washington Post)
What does the CCPA mean? (NYT)
Reports of sexual harassment at Apple stores. (Houston Chronicle)

Daily Compliance News

December 29, 2019, the Farewell to the Decade edition

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Post date December 29, 2019
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In today’s edition of Sunday Book Review:

No Hard Feelings: The Secret Power of Embracing Emotions at Work-by Liz Fosslien
Super Pumped: The Battle for Uber-Mike Isaac
Range-Why Generalists Triumphed in a Specialized World-by David Epstein
Big Business-A Love Letter to an American Anti-Hero-by Tyler Cowan

Popcorn and Compliance

Star Wars IX-The Rise of Skywalker

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Post date December 28, 2019
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In this podcast series, recovering screenwriter (and Mr. Monitor) Jay Rosen and Tom (the Compliance Evangelist) indulge in passion for the movies by looking at them through the lens of compliance. Jay is a contemporary movie fan and I am more of a classic movie maven so we present a well-rounded view of the movie fandom. If you want to indulge in your love for the movies with two guys who are passionate about Hollywood and get some ideas for your compliance program, this is the podcast series for you. In this episode, Jay and I review the final episode in the 9-part Star Wars cycle, The Rise of Skywalker.
Some of the highlights include:

What are the compliance lessons from the return of Emperor Palpatine?
What message Jannah and the former storm troopers bring to middle management and tone in an organization.
How Princess Leia illustrates the need for mentors and mentorship in the compliance profession.
Why were there so many creative changes at the top and how does that inform your compliance regime?
Do you have to do it the same as you always have in the past?
Tom gives the movie an overflowing special purchaser bucket of popcorn and special edition R2D2 super-sized Diet Coke. Jay gives the movie one bucket but takes it to a new level with a can of Red Bull thrown in to keep his up during this lengthy flick.

Tags The Rise of Skywalker

Daily Compliance News

December 28, 2019, the Huawei Charm Offensive edition

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Post date December 28, 2019
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In today’s edition of Daily Compliance News:

COSO to issue guidance on blockchain. (WSJ)
US companies sued for allegedly paying protection money to Taliban. (WSJ)
For the turnaround specialist, financial risk is also opportunity. (Houston Chronicle)
Huawei charm offensive in Europe? (NYT)

This Week in FCPA

Episode 185 – the Boeing CEO (finally) Fired edition

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Post date December 27, 2019
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As Boeing finally takes a much-needed step and fires confrontational CEO, Dennis Muilenburg, Tom and Jay are recovered enough from their respective holiday food comas to consider some of this holiday week’s top compliance and ethics stories which caught their collective eyes.

Boeing CEO (finally) fired. Natalie Kitroeff and David Gelles report on his missteps in NYT. Andy Pasztor, Doug Cameron and report on his replacement in the WSJ. Tom and Matt consider ethics and the CEO in this week’s Compliance into the Weeds.
Deputy AAG Mathew Miner on why companies should invest in compliance. Dylan Tokar in the WSJ Risk and Compliance Journal.
Another DPA for the SFO and more corporate individuals acquitted at trial. Susan Hawley in the FCPA Blog.
What is a textbook internal investigation? Matt Kelly explores in Radical Compliance.
Is the Morning Show on Apple TV a wakeup call for corporate America? Sean Freidlin explores in a LinkedIn
What is the role of ESG in corp investing? John Huggie in the Harvard Law School Forum on Corporate Governance.
The comp angle to managing multi-generations. Elliott Dinkin in CCI.
What is operational resilience and why does it matter? Matt Kelly explores in Navex Global’s Ethics and Compliance Matters blog.
How does Santa inform your compliance program? Tom explains in the FCPA Compliance and Ethics Blog.
On the Compliance Podcast Network, this week Tom concluded a two-part series with MoFo partner James Koukios on the firm’s International Anti-Corruption Newsletter. Part 1 was the September newsletter and Part 2 was the October newsletter. Another two-parter you will want to check out is the Everything Compliance gang’s two-part podcast series reviewing compliance in 2019 under the Trump Administration. Part 1 features Tom, Matt Kelly and Jay Rosen. Part 2 features Sarah Hadden, Mike Volkov and Jonathan Armstrong.

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.
For more information on how an independent monitor can help improve your company’s ethics and compliance program, visit our sponsor Affiliated Monitors at www.affiliatedmonitors.com.