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Compliance Into the Weeds

Compliance into the Weeds: Episode 121-The Role of the CRO in ERM

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 Kelly (the coolest guy in compliance) and I take a deep dive intothe role of the Chief Risk Officer in overall Enterprise Risk Management. Some of the highlights include:
Some of the highlights include:

  • Why is effective ERM is more than simply operationalization of ethics and compliance?
  • Why the Board and senior management must take a holistic approach to ERM?
  • Why is it even more important for Boards and senior management to have better risk governance?
  • How do you define the role of Chief Risk Officer?
  • What is the role of internal audit in today’s analytical world of risk management?
  • Could or even should the role of the Chief Audit Officer evolve into the role of a Chief Risk Officer?

For more reading check out Matt’s blog post “The Chief Risk Officer Role”. Also listen to the Radical Compliance podcasthere.

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Innovation in Compliance

Innovative Ways to Communicate Online with Ben Adelberg


Today we’re going in a fairly different direction with the podcast. We’re chatting with Ben Adelberg, host of The Back of the Range Golf Podcast, and today he’s sharing his processes, tips, and tricks for innovation and moving forward with whatever it is you’re working on.

Ben’s approach
Ben interviews a wide variety of people, so before he ever gets on the phone with them, he does a deep dive. He goes through all of their social media channels, websites they might have been on, books they’ve written — anywhere that might have information on them — and finds out every single thing he can that could potentially lead him to different and unique questions to ask his guests. His goal is to go through the entire episode and ask questions they’ve never been asked, which makes The Back of the Range unique and stand out among all the other golf podcasts.
Publicizing the podcast
Publishing a podcast episode is just half the job. It could be the most entertaining episode, but if nobody really knows about it, it’s just going to sit there. So for every episode, Ben promotes it to his Facebook page, Twitter, Instagram, and uploads every episode on YouTube.
He takes a 30- to 60-second long snippet of the episode and transforms it into what’s called an audiogram: a static picture with audio over it. It goes onto all his social media channels with a link to the episode.
He’ll also make sure to tag the person the episode is featuring, and mention anybody else that might have been mentioned in the snippet, so it shows up on anyone following those feeds as well. This increases your reach and gets that 60-second clip in front of as many people as possible.
Leveraging tools
In this business, you’re trying to capture people’s attention. A post that just says “click on this link” isn’t giving a big reason to listeners or followers to click on the link. So create a captivating photo or video, maybe something comical, or create a poll question on Twitter or a contest on Instagram. Just like anything in life you want to accomplish, you’ve got to put the work in.
Showing value
Ben read Joe’s autobiography twice, did a deep dive on all his events, and fortunately loved baseball and golf, so he was extremely well-prepared for the episode. With every single guest, he tries to show value and his legitimacy right away by asking different probing questions that show he’s done his research. Once you do that, they respect the fact that you’ve done your work, and armed with that and a clean phone line, the episodes turn out well.
Resources
The Back of the Range Golf Podcast

Categories
Innovation in Compliance

Innovation in Compliance-Innovative Ways to Communicate Online with Ben Adelberg

Innovation comes in many ways, forms and inspirations. Today we consider the basic use of communication as an innovation for compliance. We’re chatting with Ben Adelberg, host of The Back of the Range Golf Podcast, and today he’s sharing his processes, tips, and tricks for innovation and moving forward with whatever it is you’re working on.
Ben’s approach:
Ben interviews a wide variety of people, so before he ever gets on the phone with them, he does a deep dive. He goes through all of their social media channels, websites they might have been on, books they’ve written — anywhere that might have information on them — and finds out every single thing he can that could potentially lead him to different and unique questions to ask his guests. His goal is to go through the entire episode and ask questions they’ve never been asked, which makes The Back of the Range unique and stand out among all the other golf podcasts.
Publicizing the podcast:
Publishing a podcast episode is just half the job. It could be the most entertaining episode, but if nobody really knows about it, it’s just going to sit there. So for every episode, Ben promotes it to his Facebook page, Twitter, Instagram, and uploads every episode on YouTube.
He takes a 30- to 60-second long snippet of the episode and transforms it into what’s called an audiogram: a static picture with audio over it. It goes onto all his social media channels with a link to the episode.
He’ll also make sure to tag the person the episode is featuring and mention anybody else that might have been mentioned in the snippet, so it shows up on anyone following those feeds as well. This increases your reach and gets that 60-second clip in front of as many people as possible.
Leveraging tools:
In this business, you’re trying to capture people’s attention. A post that just says “click on this link” isn’t giving a big reason to listeners or followers to click on the link. Create a captivating photo or video, maybe something comical, or create a poll question on Twitter or a contest on Instagram. Just like anything in life you want to accomplish, you’ve got to put the work in.
Showing value:
Ben read Joe’s autobiography twice, did a deep dive on all his events, and fortunately loved baseball and golf, so he was extremely well-prepared for the episode. With every single guest, he tries to show value and his legitimacy right away by asking different probing questions that show he’s done his research. Once you do that, they respect the fact that you’ve done your work, and armed with that and a clean phone line, the episodes turn out well.
Resources:
The Back of the Range Golf Podcast
Categories
Daily Compliance News

Daily Compliance News: April 30, 2019-the End of April edition

In today’s edition of Daily Compliance News:

Categories
FCPA Compliance Report

FCPA Compliance Report-Episode 428, James Koukios on MoFo’s January Anti-Corruption Newsletter

In this episode I have back with me, fan favorite James Koukios, partner at Morrison and Foerster.  This is Part 1 of a two-part series where we discuss the firm’s always great Top 10 International Anti-Corruption Developments newsletter. In this episode, we take a look at some of the key highlights from the January newsletter. Next week we conclude with some of the key developments from the February newsletter. Some of the highlights from the podcast include:

  • Former Bankers Arrested on FCPA Charges in Mozambique Tuna Boat Scandal.
  • Japan’s Olympics Chief Faces Corruption Charges in France.
  • Two European Countries Take Steps to Strengthen Anti-Corruption Efforts.
  • Italy Publishes New “Bribe Destroyer” Law.
  • The UK Establishes Financial-Industry Task Force.

For further reading, see the Morrison and Foerster Top 10 International Anti-Corruption Developments for January 2019, by clicking here.

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Across the Board

Across the Board – Episode 1: What’s the Tone at the Very Top

In this special 5-part podcast series, I visit with David Greenberg, Special Advisor at LRN. We take a deep dive into the LRN White Paper entitled, “What’s the Tone at the Very Top: Board and Compliance: The Role of Boards in Overseeing Corporate Ethics & Compliance”. In this podcast series we explore the white paper in depth and provide the Chief Compliance Officer and compliance practitioner with succinct and practical tips for educating, dealing with and reporting to a Board of Directors. In Episode 1 we introduce the topic of what’s the tone at the very top of your organization. Some of the highlights from the podcast include:

  • What’s the role of the Board around compliance and ethics?
  • Why is it important for the Board to actively oversee a C&E program?
  • What is the biggest disconnect between the BOD and the compliance function?
  • Board members should think of compliance as beyond FCPA and Sarbanes-Oxley, yet there understanding is members’ fuzzy at best.
  • Board members understand what auditors do, but they often do not understand compliance enough to ask intelligent questions.”

Check out the LRN White Paper What’s the Tone at the Very Top: Board and Compliance: the Role of Boards in Overseeing Corporate Ethics & Complianceby clicking here.

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Across the Board

Across the Board – Episode 3: Not Enough Time/Not Enough Depth

In this special 5-part podcast series, I am visiting with David Greenberg, Special Advisor at LRN. We take a deep dive into the LRN White Paper entitled, “What’s the Tone at the Very Top: Board and Compliance: The Role of Boards in Overseeing Corporate Ethics & Compliance”. In this podcast series we explore the white paper in depth and provide the Chief Compliance Officer and compliance practitioner with succinct and practical tips for educating, dealing with and reporting to a Board of Directors. In Episode 3, we consider many CECO’s concern that Boards do not dedicate sufficient time and priority to compliance nor go into sufficient depth into compliance programs and potential outcomes . Some of the highlights from the podcast include:

  • Why don’t Boards put in more time around E&C programs?
  • Why is compliance often the last item on the Board agenda and equally as often, left off for later?
  • CECOs want to be challenged by their Boards but often are not.
  • Does your Board have a compliance game plan?
  • Why don’t BODs go deeper into E&C programs? How would they do so?
  • Are Boards even asking the right questions?

Check out the LRN White Paper What’s the Tone at the Very Top: Board and Compliance: the Role of Boards in Overseeing Corporate Ethics & Complianceby clicking here.

Categories
Across the Board

Across the Board – Episode 5: The Road Ahead

Over this special 5-part podcast series, I have visited with David Greenberg, Special Advisor at LRN. We take a deep dive into the LRN White Paper entitled, “What’s the Tone at the Very Top: Board and Compliance: The Role of Boards in Overseeing Corporate Ethics & Compliance”. In this podcast series we explore the white paper in depth and provide the Chief Compliance Officer and compliance practitioner with succinct and practical tips for educating, dealing with and reporting to a Board of Directors. In this fifth and final episode, we look at the road ahead. The White Paper stated, “Over time, the gulf between CECOs and boards should be bridgeable. We believe the bridge should be built quickly. The sooner that CECOs have the board’s ear – and that directors are fully aware of what CECOs and the initiatives they lead can bring to the table –the stronger and more resilient their companies will be.
Some of the highlights from the podcast include:

  • What practical steps should be taken to engage the board more actively and effectively in ethics and compliance oversight?
  1. More time, higher priority, stronger signals from boards in ethics and compliance oversight.
  2. Boards need to question whether ethics and compliance are genuinely integral to business operations.
  3. Elevate the CECO and establish direct and confidential reporting lines?
  • What lays on the road ahead?

Check out the LRN White Paper What’s the Tone at the Very Top: Board and Compliance: the Role of Boards in Overseeing Corporate Ethics & Complianceby clicking here.

Categories
Across the Board

Across the Board – Episode 2: BOD Understanding and the Game Plan

In this special 5-part podcast series, I am visiting with David Greenberg, Special Advisor at LRN. We take a deep dive into the LRN White Paper entitled, “What’s the Tone at the Very Top: Board and Compliance: The Role of Boards in Overseeing Corporate Ethics & Compliance”. In this podcast series we explore the white paper in depth and provide the Chief Compliance Officer and compliance practitioner with succinct and practical tips for educating, dealing with and reporting to a Board of Directors. In Episode 2, we consider the average Board of Director’s knowledge of compliance and your game plan going forward. Some of the highlights from the podcast include:

  • Why don’t Boards have a better understanding of the compliance function within their organization?
  • Why do BOD’s have such little knowledge of the CECO role?
  • Why does the BOD tend to focus on what has passed rather forward looking?
  • Does your Board have a compliance game plan?
  • Why does a BOD need to develop a framework for discussing, evaluating, and measuring ethics and compliance?
  • Why should BODs relate ethics and compliance to their companies’ core strategy and be able to have a sufficient point of view to guide and oversee it?

Check out the LRN White Paper What’s the Tone at the Very Top: Board and Compliance: the Role of Boards in Overseeing Corporate Ethics & Complianceby clicking here.

Categories
Across the Board

Across the Board – Episode 4: Metrics and Senior Management

In this special 5-part podcast series, I am visiting with David Greenberg, Special Advisor at LRN. We are taking a deep dive into the LRN White Paper entitled, “What’s the Tone at the Very Top: Board and Compliance: The Role of Boards in Overseeing Corporate Ethics & Compliance”. In this podcast series we explore the white paper in depth and provide the Chief Compliance Officer and compliance practitioner with succinct and practical tips for educating, dealing with and reporting to a Board of Directors. In Episode 4, we look metrics which a BOD should consider and how a Board should oversee senior management around ethics, compliance and culture.
Some of the highlights from the podcast include:

  • CECOs want their boards will send stronger signals to executive management about the importance of embedding ethics and compliance in the company’s business.
  • CECOs want boards to hold management more accountable for ethics and compliance
  • A BOD should ask management ‘What have you done to assure compliance. Show me.’
  • Why should a Board be concerned about metrics around culture?
  • What measures should a Board employ for culture and ethics?

Check out the LRN White Paper What’s the Tone at the Very Top: Board and Compliance: the Role of Boards in Overseeing Corporate Ethics & Complianceby clicking here.