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Career Can D0

Empowering Multinational Women with Elle Ballard

Elle Ballard, founder and Executive Director of the Women of the World Network, joins Mary Ann Faremouth on this episode of Career Can Do to share her insights on empowering multinational women. Elle’s journey from corporate marketing to establishing a thriving community to advance the professional and personal growth of women worldwide is indeed inspirational. In this episode, Elle reflects on the inception of Women of the World, its significant achievements, and her plans for the future. 

Elle’s journey from Kazakhstan to corporate America fueled her passion for creating a supportive space for women building businesses in new countries. The Women of the World Network, with 22 represented countries, is a result of her vision. The community provides visibility and partnership opportunities, fostering collaboration among its members. Elle tells Mary Ann, “Women of the World Network is really where my heart is, my way of giving back to humanity, to elevate and support women in their businesses.”

 

Women of the World boasts various achievements, including publishing 3 books and having 45 authors achieving bestselling status. The organization boasts over 10 member events monthly and a podcast featuring extraordinary women. Elle announces the addition of international retreats, starting with Turkey in the spring. Their fourth book dedicated to women in business will soon be published, and a deep-dive program is imminent. The E Academy is an opportunity for members to showcase their skills and expertise through webinars and workshops. Elle emphasizes the platform’s flexibility, allowing members to organize events at their own pace. This initiative not only promotes networking but also helps members build their businesses. 

 

Mary Ann and Elle discuss Elle’s unique approach to personal and professional growth. Elle stresses the importance of taking time for yourself. She encourages listeners to ask, ‘What do I want?’ as a foundational step towards creating a fulfilling life. “We can create anything we desire …if we are intentional with it,” she remarks. Elle emphasizes the beauty of the journey of life itself, advising listeners to keep an open mind and be adaptable. “Being flexible and having an open mind, that’s the key to everything in life, I believe,” she says.

 

As Women of the World approaches its 50th anniversary, Elle expresses gratitude and invites listeners to join their upcoming conference in California on March 9, promising an in-person event filled with inspiration and growth opportunities.

 

Resources

Elle Ballard on Website | LinkedIn | Instagram | Facebook 

Women of the World Network

Faremouth.com

Categories
Daily Compliance News

Daily Compliance News: December 15, 2023 – The Wirecard Redux 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 in 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.

Stories we are following in today’s edition:

  • Was the former Wirecard COO a Russian spy? (WSJ)
  • A former Wirecard CFO was criminally charged. (FT)
  • An ex-Bank of China manager was jailed for life. (Bloomberg)
  • Freepoint settles charges over a years-long bribery scheme. (Reuters)
Categories
Compliance and AI

Compliance and AI – Fred Schonenberg on Generative AI: Transforming Business Efficiency and Innovation

What is the role of Artificial Intelligence in compliance? What about Machine Learning? Are you using ChatGPT? These are but three of the many questions we will explore in this exciting new podcast, Compliance and AI. Hosted by Tom Fox, the award-winning Voice of Compliance, this podcast will look at how AI will impact compliance programs into the next decade and beyond. If you want to find out why the future is now, join Tom Fox on this journey to the frontiers of AI.

Fred Schonenberg is a seasoned entrepreneur and the founder of VentureFuel, a company specializing in helping large organizations innovate faster through collaboration with startups. Schonenberg’s perspective on VentureFuel’s approach to innovation and integration of generative AI is that it bridges large organizations, early-stage startups, and VentureFuel’s capital.

He believes that in an era where large organizations are being asked to do more with fewer resources and the convergence of different industries and technologies requires them to seek external innovation, VentureFuel can help these organizations make sense of the external innovation world, find the best solutions, and collaborate with startups to solve business challenges. Schonenberg emphasizes the importance of finding scalable and repeatable solutions that can be integrated into existing business operations, a perspective shaped by his extensive experience in the startup and high-growth company sectors. Join Tom Fox and Fred Schonenberg on this episode of AI and Compliance to learn more about this innovative approach.

Key Highlights:

  • Bridging the Gap: Connecting Startups and Corporates
  • Building a Professionalized Corporate Culture
  • Generative AI: Transforming Business Efficiency and Innovation
  • Leveraging Generative AI for Legal Efficiency
  • The Importance of “Dating” Potential Partners

Resources:

Fred Schonenberg is on LinkedIn

VentureFuel

Tom Fox

Instagram

Facebook

YouTube

Twitter

LinkedIn

Categories
2 Gurus Talk Compliance

2 Gurus Talk Compliance: Episode 19 – The Holiday Edition

What happens when two top compliance commentators get together? They talk about compliance, of course. Join Tom Fox and Kristy Grant-Hart in 2 Gurus Talk Compliance as they discuss the latest compliance issues in this week’s episode! In this episode, Tom and Kristy take on a wide variety of topics, including Florida Man’s Booty Patrol.

In the ever-evolving world of regulatory compliance and risk management, challenges are constant and strategies must be dynamic. Tom highlights recent SEC pronouncements on culture and takes a look back at Serpico and the Salt Lake City Olympic scandal. Kristy highlights AI regulation in the EU and US, talks about the need for employees to have some time off, and checks in on Florida Man. Join Tom Fox and Kristy Grant-Hart as they delve deeper into these issues in this episode of the 2 Gurus Talk Compliance podcast.

Highlights Include:

  1. SEC Chief Accountant on what bothers him. (WSJ)
  2. Using onboarding as a corporate culture set. (FCPA Blog)
  3. Serpico at 50. (The Guardian)
  4. Salt Lake City Olympic corruption scandal, 25 years later. (Salt Lake Tribune)
  5. Carrot and Stick in new M&A Safe Harbor (Compliance and Enforcement)
  6. SEC Kicks Climate Rule to 2024 (Radical Compliance)
  7. In Landmark Vote, Europe Approves AI Regulations–Paving the Way for U.S. Adoption (Inc.com)
  8. SEC Head Warns Against ‘AI Washing,’ the High-Tech Version of ‘Greenwashing’ (WSJ)
  9. Employees Need Time Off. Here’s How to Craft a Successful Policy. (Bamboo HR)
  10. Florida man faces charges after driving ‘BOOTY PATROL’ truck (ClickOrlando News)

 Resources: 

Kristy Grant-Hart on LinkedIn

Spark Consulting

Tom

Instagram

Facebook

YouTube

Twitter

LinkedIn

Categories
Fox on Podcasting

Fox on Podcasting – Megan Dougherty on The State of Business Report 2023

Sometimes you just have to go meta. After having recorded, produced, hosted, and guested in over 5000 podcasts; Tom Fox decided it was time to have a podcast about what else–podcasting. In this podcast series, Tom will visit with podcast hosts to learn about their love of podcasting, what they have been able to achieve through podcasting, and why you need to consider starting your podcast. Fun, witty, and chatty with a dash of joie de vivre this series will be entertaining and educational. Join Tom Fox as he explores the world of podcasting and get ready to be inspired to start your podcast. In this episode, Tom visits with Megan Dougherty, co-founder of One Stone Creative about her report on the State of Business Podcasting 2023.

Megan Dougherty is a seasoned business podcast expert with a rich background in data analysis, podcast optimization, and business strategy alignment. Her perspective on successful business podcasting and distribution is rooted in the belief that a podcast should align with the specific needs and goals of a business. Dougherty emphasizes the importance of first determining if a podcast will help achieve the desired outcomes for the next six to eighteen months before launching one. She also highlights the need to optimize the podcast to fit the specific goals of the business, whether it’s building relationships, generating content, enhancing sales funnels, or providing case studies. Dougherty believes that for many businesses, being in the top 100 podcasts is not necessary, and instead, focusing on driving relationships and generating content is more beneficial. Join Tom Fox and Megan Dougherty as they delve deeper into this topic in this episode of the Fox on Podcasting.

 

Key Highlights:

  • Translating Complex Information for Podcast Audiences
  • Maximizing Podcast Reach with Strategic Guest Selection
  • Podcast Power: Real-Life Brand-Audience Connections
  • Insights and Strategies for Business Podcasting

Resources:

Megan Dougherty on LinkedIn

One Stone Creative

State of Business Podcasting Report

 Tom

Instagram

Facebook

YouTube

Twitter

LinkedIn

Categories
Innovation in Compliance

Compliance Professionals Adapting to Change: Industries, Regulations, and Beyond: Part 5 – Alexander Cotoia on Professional Development and Mentorship for the Compliance Professional

Welcome to a special series sponsored by Diligent, where we look down the road at key issues in 2024 and beyond. In this series, I will visit with Nicholas Latham, Renee Murphy, Jessica Czeczuga, Yee Chow, and Alexander Cotoia. Over this series, we will consider compliant communications in regulated industries, managing conflicts of interest at the Board level, the Board’s role in compliance training and communications, navigating the current ESG landscape, and professional growth and mentorship in compliance. In this concluding Part 5, we discuss professional development and mentorship for compliance professionals with Alexander Cotoia.

Alex Cotoia is with the Volkov Law Group and has transitioned from a traditional legal background into the compliance arena. He strongly believes in the importance of continuous professional development for compliance professionals, emphasizing the need for mentorship and growth opportunities, particularly for those in leadership positions. Alex’s perspective is shaped by the dynamic regulatory climate and the increasing extraterritorial impact of legislation and regulation, which underscore the urgency of continuous development in the compliance field. He also highlights the significance of acquiring soft skills, such as negotiation, building relationships, and strategic planning, in addition to the legal aspects of compliance. Alex values collaboration and believes that reaching out to other compliance professionals for guidance and mentorship can benefit professional growth. Join Tom Fox and Alex Cotoia as they delve deeper into this topic on the next episode of the Diligent Podcast.

Key Highlights:

  • Navigating the Dynamic Regulatory Landscape for Compliance Professionals
  • Developing Essential Soft Skills for Compliance Professionals
  • Continuous Growth and Development in Compliance
  • The Importance of Compliance in Career Development

Ready for Purpose-Driven Compliance? Diligent equips leaders with the tools to build, monitor, and maintain an open, transparent ethics and compliance culture. For more information and to book a demo, visit Diligent.com

Categories
Blog

Alexander Cotoia on Continuous Growth and Development: The Key to Success in Compliance

I recently had the opportunity to visit with folks from Diligent we look down the road at key issues in 2024 in a podcast series, sponsored by Diligent, entitled Compliance professionals adapting to change: Industries, Regulations, and Beyond. I was able to chat with Nicolas Latham, Renee Murphy, Jessica Czeczuga, Yee Chow, and Alexander Cotoia. Over this series, we discussed compliant communications in regulated industries, managing conflicts of interest at the Board level, the Board’s role in compliance training and communications, navigating the current ESG landscape and professional growth and mentorship in compliance. In this concluding Post 5, we discuss professional development and mentorship for compliance professionals with Alexander Cotoia.

Continuous professional development is crucial for compliance professionals, especially those in leadership positions. In a dynamic regulatory environment with expanding responsibilities, staying up to date is essential. Compliance professionals must not only understand domestic laws but also international regulations, such as the EU’s Corporate Sustainability Directive (CS 3D). This extraterritorial impact of legislation emphasizes the need for continuous education to address these developments.

Mentorship plays a vital role in the professional growth of compliance professionals. Often, the focus is on the development of hard skills, but soft skills like communication, collaboration, and relationship-building are equally important. Compliance professionals need to be able to speak the language of different stakeholders within the corporate world, such as CFOs or CISOs. Obtaining a working vocabulary in a corporate context is crucial for effective collaboration and building positive rapport with operational functions.

Fortunately, there are numerous resources available for continuous professional development. Platforms like LinkedIn, Coursera, and Harvard Business School online offer courses that focus on soft skills, negotiation, building relationships, and strategic planning. These courses provide compliance professionals with the necessary tools to excel in their roles. Taking courses outside the realm of compliance, such as business fundamentals, can also enhance their understanding of critical business concepts.

Thought leadership is another valuable tool for continuous learning and professional growth. Writing blogs and articles not only showcases expertise but also forces compliance professionals to learn and digest new information. Engaging in thought leadership allows compliance professionals to stay informed, expand their knowledge, and contribute to the compliance community. It also opens doors for networking and potential collaboration opportunities.

The compliance profession offers a challenging yet rewarding career path. It provides opportunities for professional and financial growth. For students considering a career in compliance, mentorship and continuous learning are emphasized as essential elements. Starting in compliance can lay a solid foundation for future success.

Balancing the tradeoffs involved in continuous professional development for compliance professionals can be challenging. It requires finding the right mix of hard and soft skills, staying updated on regulatory changes, and actively engaging in thought leadership. Compliance professionals must consider the impact of their decisions on their own professional growth and the organizations they serve.

In conclusion, continuous professional development is crucial for compliance professionals, particularly those in leadership roles. The dynamic regulatory environment and expanding responsibilities necessitate staying updated on both domestic and international laws. Developing soft skills, obtaining a working vocabulary in a corporate context, and engaging in thought leadership are essential for success in the compliance profession. Mentorship and continuous learning are emphasized as critical elements for professional growth. Compliance professionals must strive to find the right balance and make informed decisions that benefit their careers and the organizations they serve.

Ready for Purpose-Driven Compliance? Diligent equips leaders with the tools to build, monitor, and maintain an open, transparent ethics and compliance culture. For more information and to book a demo, visit Diligent.com

Categories
31 Days to More Effective Compliance Programs

One Month to a More Effective Compliance Program Through Data Analytics: Day 10 – The Impact of Privacy Regulations on Compliance

What is the impact of privacy regulations on data-driven compliance? Every CCO must be aware of the importance of privacy in data-driven compliance and the challenges and tradeoffs involved in implementing effective compliance strategies. A key mandate is for CCOs and compliance professionals to have a compliance program that provides visibility into their data. This emphasizes the importance of having efficient and effective compliance solutions in place or as I have previously noted CCOs must have access to their compliance data literally at their fingertips.

This is one of the drivers for key trends shaping compliance technology in 2025 and beyond. The RegTech market is growing rapidly, and there is increased regulatory focus on cryptocurrency activities, ESG, and information security and cybersecurity. These trends indicate the evolving landscape of compliance and the need for organizations to stay updated and adapt their compliance strategies accordingly. By embracing connected compliance and leveraging technology, organizations can navigate the complex regulatory landscape and ensure compliance with privacy regulations while driving business efficiency.

 Three key takeaways:

  1. CCOs and compliance professionals must have a compliance program that provides visibility into their data.
  2. ESG regulations affect not only regulated industries but also any company holding private customer data or involved in large supply chains.
  3. By embracing connected compliance and leveraging technology, organizations can navigate the complex regulatory landscape and ensure compliance with privacy regulations while driving business efficiency.

For more on KonaAI, click here.

Categories
Innovation in Compliance

Compliance Professionals Adapting to Change: Industries, Regulations, and Beyond: Part 4 – Yee Chow on Navigating the Current ESG Landscape

Welcome to a special series sponsored by Diligent, where we look down the road at key issues in 2024 and beyond. In this series, I will visit with Nicholas Latham, Renee Murphy, Jessica Czeczuga, Yee Chow, and Alexander Cotoia. Over this series, we will consider compliant communications in regulated industries, managing conflicts of interest at the Board level, the Board’s role in compliance training and communications, navigating the current ESG landscape, and professional growth and mentorship in compliance. In Part 4, we navigate the current ESG landscape with Yee Chow.

Yee Chow is a seasoned professional in the sustainability space, currently serving as the Director of Solution Engineering and Consulting at Diligent. With over 16 years of experience, Yee has witnessed the evolution of the chief compliance officer’s role in ESG compliance. Yee’s perspective on this evolution is that it has become a significant and integral part of corporate agendas. Previously, ESG was seen as a side topic for companies to gain more credentials and marketing, but in recent years, it has become a significant focus for most corporations globally. This shift has led to changes in the roles of chief compliance officers and internal management, with ESG now being elevated to their level of responsibility and accountability. Yee believes that this shift is necessary and beneficial for companies in the future. Join Tom Fox and Yee Chow on this episode of the Diligent Podcast to delve deeper into this topic.

Key Highlights:

  • Elevated ESG Compliance Leadership: CCO’s Evolving Role
  • Mandatory Reporting on ESG Factors
  • Integrating ESG into Board Meetings and Discussions

Ready for Purpose-Driven Compliance? Diligent equips leaders with the tools to build, monitor, and maintain an open, transparent ethics and compliance culture. For more information and to book a demo, visit Diligent.com

Join us tomorrow, where we conclude our series with a review of professional development and mentoring for compliance professionals.

Categories
Hidden Traffic Podcast

Meeting Professionals Fight Against Human Trafficking with Sandy Biback

Human trafficking lurks in unexpected corners, revealing its grim presence even in seemingly ordinary spaces. Sandy Biback, a meeting professional with over four decades of experience, discovered this sobering truth firsthand. In response, she established Meeting Professionals Against Human Trafficking (MPAHT), taking proactive steps to address the issue. In this episode of Hidden Traffic Podcast, Sandy and host Gwen Hassan uncover the surprising prevalence of human trafficking in the hotel and meetings industry and what we can do about it.  

After a trip overseas opened her eyes, Sandy started investigating human trafficking in her hometown of Toronto. She soon discovered how widespread it is, including the shocking statistic that 90% of those trafficked in Canada are Canadian-born. Sandy decided to leverage her industry connections and founded MPAHT to raise awareness and promote training. Hotels and planners now recognize they have a duty to combat exploitation that could be enabling trafficking.  

This issue needs more than a one-time training, Sandy explains; have ongoing conversations and check-ins to ensure it remains top of mind. She also suggests saving the National Human Trafficking Hotline number on your phone. However, you should not directly intervene if you witness anything suspicious, for both your safety and the victims’. Instead, “phone the front desk and make a noise complaint, and they’ll send somebody right away,” she advises.

On a corporate level, Sandy urges meeting planners and procurement teams to query venues and suppliers about their anti-trafficking policies before booking. Vote with your wallets to inspire change. She remarks, “If I’m a meeting planner, and I’m coming in with half a million dollars worth of business, and you can’t tell me about your hotel’s training or awareness, but this hotel can, and it’s the same price, guess where I’m taking my business?”  

Rather than reinvent the wheel, Sandy says, use the resources that already exist to help combat human trafficking. For example, PACT offers free resources, including best practices and training. Our collective responsibility is to remain vigilant, educate others, and affect positive change in the industry to protect vulnerable people from exploitation.

Resources:

Sandy Biback on LinkedIn | X (Twitter) 

Meeting Professionals Against Human Trafficking

PACT