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FCPA Compliance Report

FCPA Compliance Report – Erica Salmon Byrne on 2024 World’s Most Ethical Companies Awards

Welcome to the award-winning FCPA Compliance Report, the longest-running podcast in compliance. In this special Thursday edition of the FCPA Compliance Report, Tom welcomes Erica Salmon Byrne, Chief Strategy Officer and Executive Chair, at Ethisphere to discuss the announcement of the 2024 World’s Most Ethical Companies Designations and the new Ethics Premium.

Erica Salmon Byrne is a renowned figure in ethical business practices, recognized for her significant role in the annual announcement and recognition of the world’s most ethical companies. Byrne views this list as a crucial acknowledgment of companies globally that are making a positive impact, with representation across 20 countries and 44 industries. Her experiences in leading changes to the program’s methodology, such as introducing a third-party management category and a heightened focus on governance and culture, have shaped her perspective on the continuous evolution and improvement of the evaluation process. She sees the list as a valuable tool for companies to demonstrate their commitment to ethics and compliance and as a source of inspiration for others in the compliance community to strive for ethical excellence.

Key Highlights:

  • Global Recognition for Ethical Business Practices
  • Enhanced Scoring System Emphasizing Governance and Culture
  • Global Representation of Ethical Industry Leaders
  • Ethics Quotient Evaluation for Recognized Companies

Resources:

Erica Salmon Byrne on LinkedIn

Ethisphere

World’s Most Ethical Companies for 2024

Tom Fox

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Everything Compliance

Everything Compliance – Episode 130, The End of SPACs Edition

Welcome to the only roundtable podcast in compliance as we celebrate our second century of shows. In this episode, we have the quintet of Jonathan Marks, Matt Kelly, Karen Woody, Jay Rosen, and Special Guest Karen Moore, all hosted by Tom Fox, joining us on this episode of Everything Compliance.

1. Matt Kelly looks at ongoing proposals by the SEC around climate risk reporting and the PCAOB on its NOCAR proposal. He shouts out to the Russian people who turned in droves for the funeral of murdered activist Alexei Navalny.

2. Karen Woody reviews the current state of SPACs. She shouts out to Caitlin Clark, who set the all-time single-season scoring record in college basketball.

3. Special guest Karen Moore considers the current state of whistleblowing. She shouts out and rants about UW killing the EU Corporate Sustainability Due Diligence Directive.

4. Jay Rosen looks at the FCPA conviction of Javier Aguilar. He shouts out to the rich getting richer; Shohei Ohtani signing with the LA Dodgers for $700MM and deferring 97% of his salary until 2034; and Adam Turteltaub, an uber Dodgers fan who might see a Dodgers World Series this year.

5. Jonathan Marks looks at Boeing, board governance, and culture. He shouts out garbage collectors who saw a house on fire, saved the family inside and warned neighbors all before the Fire Department arrived.

6. Tom Fox rants about the Supreme Court intentionally delaying the federal trials of Donald Trump.

The members of the Everything Compliance are:

• Matt Kelly Founder and CEO of Radical Compliance. Kelly can be reached at mkelly@radicalcompliance.com

• Karen Woody is one of the top academic experts on the SEC. Woody can be reached at kwoody@wlu.edu

• Special Guest Karen Moore is an Adjunct professor at the Fordham School of Law. She can be reached at kmoore51@fordham.edu

• Jonathan Marks can be reached at jtmarks@gmail.com

• Jay Rosen can be reached at Jay.r.rosen@gmail.com

The host, producer, ranter (and sometimes panelist) of Everything Compliance is Tom Fox, the Voice of Compliance. He can be reached at tfox@tfoxlaw.com. Everything Compliance is a part of the Compliance Podcast Network.

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Compliance Week Conference Podcast

Compliance Week 2024 Speaker Preview Podcast – Michele Cahn on Emerging Risk Areas

In this episode of the Compliance Week 2024 Speaker Preview Podcasts series, Michele Cahn discusses her panel at Compliance Week 2024, “Examining and Interpreting Emerging Risk Areas.” Some of the issues she will discuss in this podcast and her presentation are:

  • What are emerging risk areas for compliance?
  • The geopolitical risks unique to 2024
  • Learning about emerging enforcement trends & best practices at Compliance Week 2024
  • Learn about benchmarking, emerging issues & best practices at Compliance Week 2024

I hope you can join me at Compliance Week 2024. This year’s event will be held April 2-4 at the Westin Washington, DC, Downtown. The line-up is first-rate, with some of the top ethics and compliance practitioners around.

Gain insights and make connections at the industry’s premier cross-industry national compliance event, offering knowledge-packed, accredited sessions and take-home advice from the most influential leaders in the compliance community. Back for its 19th year, join 500+ compliance, ethics, legal, and audit professionals who gather to benchmark best practices and gain the latest tactics and strategies to enhance their compliance programs. Compliance, ethics, legal, and audit professionals will gather safely face-to-face to benchmark best practices and gain the latest tactics and strategies to enhance their compliance programs, among many others, to:

  • Network with your peers, including C-suite executives, legal professionals, HR leaders, and ethics and compliance visionaries.
  • Hear from 80+ respected cross-industry practitioners, including CEOs, CCOs, regulators, federal officials, and practitioners, to help inform and shape the strategic direction of your enterprise risk management program.
  • Hear directly from panels on leadership, fraud detection, confronting regulatory change, abiding by cross-border rules and regulations, and the always-favorite fireside chats.
  • Bring actionable takeaways from various session types, including cyber, AI, Compliance, Board obligations, data-driven compliance, and many others, to your program for you to listen, learn, and share.
  • Compliance Week aims to arm you with information, strategy, and tactics to transform your organization and career by connecting ethics to business performance through process augmentation and data visualization.

I hope you can join me at the event. For information on the event, click here. As an extra benefit to listeners of this podcast, Compliance Week is offering a $200 discount on the registration price. Enter the discount code TFOX2024 for $200 off.

The Compliance Podcast Network produces the Compliance Week 2024 Preview Podcast series. Compliance Week sponsors this series.

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Compliance Tip of the Day

Compliance Tip of the Day: Managing Supply Chain Risk In a Global Economy

Welcome to “Compliance Tip of the Day,” the podcast where we bring you daily insights and practical advice on navigating the ever-evolving landscape of compliance and regulatory requirements.

Whether you’re a seasoned compliance professional or just starting your journey, our aim is to provide you with bite-sized, actionable tips to help you stay on top of your compliance game.

Join us as we explore the latest industry trends, share best practices, and demystify complex compliance issues to keep your organization on the right side of the law. Tune in daily for your dose of compliance wisdom, and let’s make compliance a little less daunting, one tip at a time.

In this episode, we consider some strategies you can utilize to manage supply chain risks in the global economy into the mid-decade and beyond.

For more information on the Ethico ROI Calculator and a free White Paper on the ROI of Compliance, click here.

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Daily Compliance News

Daily Compliance News: March 7, 2024 – The Forced Labor Slow Porsche Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee and listen to the Daily Compliance News. All from the Compliance Podcast Network. Each day, we consider four stories from the business world: compliance, ethics, risk management, leadership, or general interest for the compliance professional.

In today’s edition of Daily Compliance News:

  • Forced labor and Porsches.  (WSJ)
  • Bribery acquittal in London. (FT)
  • The SEC approves weakened climate reporting rules. (NYT)
  • The Hotel California criminal trial was dismissed. (Bloomberg)

For more information on the Ethico ROI Calculator and a free White Paper on the ROI of Compliance, click here.

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Compliance Tip of the Day

Compliance Tip of the Day: Managing Risk from China

Welcome to “Compliance Tip of the Day,” the podcast where we bring you daily insights and practical advice on navigating the ever-evolving landscape of compliance and regulatory requirements.

Whether you’re a seasoned compliance professional or just starting your journey, our aim is to provide you with bite-sized, actionable tips to help you stay on top of your compliance game.

Join us as we explore the latest industry trends, share best practices, and demystify complex compliance issues to keep your organization on the right side of the law. Tune in daily for your dose of compliance wisdom, and let’s make compliance a little less daunting, one tip at a time.

In this episode, we consider some strategies you can utilize to manage business risks in the current competition with China and the potential conflict with China.

For more information on Ethico and a free White Paper on top compliance issues in 2024, click here.

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Daily Compliance News

Daily Compliance News: March 6, 2024 – The Another FIFA Corruption Trial Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee and listen to the Daily Compliance News. All from the Compliance Podcast Network. Each day, we consider four stories from the business world: compliance, ethics, risk management, leadership, or general interest for the compliance professional.

In today’s edition of Daily Compliance News:

  • Yet another FIFA-related corruption trial. (FT)
  • A multi-billion-dollar fraud trial begins in Vietnam. (Reuters)
  • Menendez search warrants are constitutional. (AP)
  • Mike Lynch settles a data privacy suit against the SFO.  (Bloomberg)

For more information on the Ethico ROI Calculator and a free White paper on the ROI of Compliance, click here.

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Great Women in Compliance

Great Women in Compliance: Rupert Evill on Prioritizing Employee Well-Being in Risk Management

Welcome to the Great Women in Compliance Podcast. How can you make risk management more relevant? In this episode, Hemma Lomax visits with Rupert Evill, a seasoned expert in human-centered risk management with a diverse background spanning over 50 countries and 30 sectors and a strong academic foundation in business, international relations, and sustainability.

Rupert’s perspective on human-centered risk management is deeply rooted in the importance of understanding and valuing the personal and human aspects of risk. He emphasizes the need to consider values, ethics, and beliefs when assessing and managing risks, and highlights the significance of empathy, compassion, and curiosity in the process. His belief is that making risk management relevant involves engaging with local perspectives and experiences, acknowledging the realities faced by individuals in different contexts, and building relationships based on mutual understanding and respect. This perspective has been shaped by his extensive experience in due diligence, intelligence gathering, and counter-espionage, as well as his work with mid-caps and SMEs through his company, Ethics Insight.

Key Highlights:

  • Strength-Based Approach to Ethical Risk Management
  • Enhancing Employee Engagement through Simplified Communication
  • Empathy-driven Approach to Addressing Systemic Challenges
  • Fostering Ethical Culture Through Employee Engagement
  • Strategic Alignment for Effective Compliance Functions
  • Individual-Focused Risk Mitigation Strategies
  • Fostering Psychological Safety for Informed Decision-Making
  • Practical Risk Management Strategies for Businesses

Resources:

Join the Great Women in Compliance community on LinkedIn here.

Categories
Compliance Into the Weeds

Compliance into The Weeds: The Gunvor FCPA Enforcement Action

The award-winning Compliance into the Weeds is the only weekly podcast that takes a deep dive into a compliance-related topic, literally going into the weeds to explore a subject more fully. Looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds! In this episode, Tom and Matt deeply dive into the recently released Gunvor FCPA Enforcement Action.

The Gunvor FCPA case, a high-profile instance of bribery involving Ecuadorian government officials, is a stark reminder of the perils of corruption in international business and the critical need for stringent compliance measures. Tom emphasizes the importance of adherence to anti-corruption laws and regulations. He stresses the necessity for robust compliance programs and internal controls to prevent such violations and the potential fallout of non-compliance, including reputational damage, financial penalties, and legal repercussions.

Matt Kelly sees the Gunvor FCPA case as a significant example of the consequences companies face when engaging in corrupt practices. He would underscore the importance of strong compliance programs, ethical business practices, transparency, and accountability to prevent similar instances of bribery and corruption in the future. Check out the key lessons learned from this matter.

Key Highlights:

  • Bribery Scheme in Gunvor’s Ecuador Dealings
  • Ethical Practices and Regulatory Compliance Strengthening
  • Gunvor’s Bribery Scheme: FCPA Enforcement Consequences
  • Proactive Transparency in Mitigating Legal Penalties

Resources:

Matt on Radical Compliance

Tom 

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Compliance Week Conference Podcast

Compliance Week 2024 Speaker Preview Podcasts – Jonathan Rusch on Clawbacks and Holdbacks

In the Compliance Week 2024 Speaker Preview Podcasts episode, Jonathan Rusch discusses his panel at Compliance Week 2024, “Clawbacks, Incentives, and Remediation.” Some of the issues he will discuss in this podcast and his presentation are:

  • DOJ emphasizes clawbacks in remediation
  • The additional role of holdbacks
  • Learn about cutting-edge topics at Compliance Week 2024

I hope you can join me at Compliance Week 2024. This year’s event will be held April 2-4 at The Westin Washington, DC, Downtown. The line-up for this year’s event is first-rate, with some of the top ethics and compliance practitioners around.

Gain insights and make connections at the industry’s premier cross-industry national compliance event, offering knowledge-packed, accredited sessions and take-home advice from the most influential leaders in the compliance community. Back for its 19th year, join 500+ compliance, ethics, legal, and audit professionals who gather to benchmark best practices and gain the latest tactics and strategies to enhance their compliance programs. Compliance, ethics, legal, and audit professionals will gather safely face-to-face to benchmark best practices and gain the latest tactics and strategies to enhance their compliance programs, among many others, to:

  • Network with your peers, including C-suite executives, legal professionals, HR leaders, and ethics and compliance visionaries.
  • Hear from 80+ respected cross-industry practitioners, including CEOs, CCOs, regulators, federal officials, and practitioners, to help inform and shape the strategic direction of your enterprise risk management program.
  • Hear directly from panels on leadership, fraud detection, confronting regulatory change, abiding by cross-border rules and regulations, and the always-favorite fireside chats.
  • Bring actionable takeaways from various session types, including cyber, AI, Compliance, Board obligations, data-driven compliance, and many others, to your program for you to listen, learn, and share.
  • Compliance Week aims to arm you with information, strategy, and tactics to transform your organization and career by connecting ethics to business performance through process augmentation and data visualization.

I hope you can join me at the event. For information on the event, click here. As an extra benefit to listeners of this podcast, Compliance Week is offering a $200 discount on the registration price. Enter the discount code TFOX2024 for $200 off.

The Compliance Podcast Network produces the Compliance Week 2024 Preview Podcast series. Compliance Week sponsors this series.