Categories
Life with GDPR

Life With GDPR: Class Action Update

Tom Fox and Jonathan Armstrong, renowned experts in cyber security, co-host the award-winning Life with GDPR. Join them in this episode as they discuss the recent court decision in the Austrian case and its implications on GDPR claims. Discover the guidelines for GDPR damage compensation, assessment of damages, liability provisions, and how businesses can make themselves more robust to avoid such claims. They also delve into the importance of acting quickly in the event of a breach and insurers’ sophistication in cyberattack policies. Tune in to learn more, and check out the article on the quarterly compliance website. Don’t miss out on their engaging conversation and valuable insights!

 

Key Takeaways:

  • Understanding GDPR compensation claims
  • Insurance Claims and Breach Response Strategy
  • Cyber insurance is becoming more selective in writing cover

Notable Quotes:

“I would say when you have a title like that, you get the attention of many class action lawyers.”

“Not every infringement of GDPR automatically gives rise to compensation.”

“The right to compensation under GDPR needs 3 things. Firstly, an infringement of GDPR; secondly, material damage resulting; and thirdly, a causal link between the damage and the infringement.”

“If you haven’t got the right team in place, Even on New Year’s Day or Christmas day, Easter or Passover or, you know, during fasting, then that’s your fault, not ours, and regulators are not forgiving.”

 Resources:

For more information on the issues raised in this podcast, check out the Cordery Compliance News Section. For more information on Cordery Compliance, go to their website here. Also, check out the GDPR Navigator, one of the top resources for GDPR Compliance, by clicking here.

Connect with Tom Fox

Connect with Jonathan Armstrong

Categories
Sustainability

Sustainability: The Business Opportunity of the 21st Century – Purpose Driven Business: A Winning Strategy

We are at a moment of enormous global change and even greater business opportunity. Climate change is the single biggest commercial opportunity of our time. In this podcast, Tom Fox and Sustainability guru Richard Blundell explore the opportunities open to businesses that embrace sustainability from the business perspective. Find out why sustainability is the greatest opportunity of the 21st century, and you can prepare your business to take advantage of the unprecedented global opportunity.

Join co-hosts Tom Fox and Richard Blundell as they explore the business opportunity of the 21st century in their podcast, sustainability. In this episode, the hosts dive into net zero emissions and how businesses can utilize nature as a carbon sink to combat global warming. They discuss the importance of regenerating natural ecosystems and the role of Environmental, Social, and Governance frameworks in measuring and improving companies’ environmental footprint.

Tom and Richard also highlight the impressive accomplishments of a company that achieved net zero emissions by mimicking nature, reducing costs, improving competitiveness, and increasing customer goodwill. The episode concludes with a discussion on attracting and retaining the best talent by focusing on delivering improved societal and environmental outcomes alongside economic outcomes. Tune in for more intriguing insights on how sustainability can drive business success!

Key Highlights:

  • Net 0 and removing carbon dioxide
  • Sustainability practices for business efficiency and benefits
  • Creating a Net Zero Company
  • Importance of Sustainability in Talent Acquisition
  • The Importance of Purpose for Business Success

Listen to the full episode for insights and practical tips for incorporating sustainability into business practices. Richard’s enthusiasm and practicality will inspire you to explore sustainability as a business opportunity.

Resources

Richard Blundell

Tom Fox

Instagram

Facebook

YouTube

Twitter

LinkedIn

Categories
Daily Compliance News

Daily Compliance News – June 1, 2023 – The He Said/He Said 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.

Stories we are following in today’s edition:

  • Do you have the right to disconnect? (FT)
  • Jho Low in Macau. (Al Jazeera)
  • 737 Max family victims can sue for pre-crash pain and suffering of victims. (Reuters)
  • Jes Staley says he talked to Jamie Dimon about Epstein. (WSJ)
Categories
Daily Compliance News

Daily Compliance News: May 31, 2023 – The Holmes Reports 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.

Stories we are following in today’s edition:

  • Elizabeth Holmes reports to prison. (NYT)
  • French prosecutors indict ex-FIFA VP over bribes paid re: Qatar. (France24)
  • NLRB says non-competes violate NLRA. (Reuters)
  • SW misuse costs Nutanix $11MM. (WSJ)

Categories
Great Women in Compliance

Great Women in Compliance-Reflections from Lisa and Mary

Welcome to the Great Women in Compliance Podcast, hosted by Mary Shirley and Lisa Fine.  Today, however producer Tom Fox guest hosts Mary and Lisa.

The Great Women in Compliance podcast is not quite at 200 episodes. However Lisa, Mary and Tom wanted to do special joint episode, looking back on the last 4.5 years of #GWIC.

Tom leads this episode by putting questions to Lisa and Mary while sharing his own perceptions and observations about the journey so far.  The team discusses some behind-the scenes content about how the episodes were put together in light of the goals Lisa and Mary had for their audience.  They discuss the lighter moments and memorable times from various perspectives and what the community support has meant to them. This episode sets the stage for the 200th episode which we invite you to join us for on 5 July 2023.

Some of the highlights include:

·      How the kernel of GWIC began and how it still resonates today.

·      How Mary and Lisa helped several guests overcome the imposter syndrome by coming on the podcast as guests.

·      How the podcast led to the book.

·      How Mary and Lisa have built upon their GWIC experiences.

·      Lisa previews GWIC 2.0.

·      Some favorite memories.

·      Some funny memories.

You can find the Great Women in Compliance Podcast on the Compliance Podcast Network where you can find several other resources and podcasts to keep you up to date in the Ethics and Compliance world. You can also find the GWIC podcast on Corporate Compliance Insights where you can learn more about the podcast, stream prior episodes and catch up on Mary’s monthly column “Living Your Best Compliance Life.”

Corporate Compliance Insights is a much-appreciated sponsor and supporter of GWIC, including affiliate organization CCI Press publishing the related book; “Sending the Elevator Back Down, What We’ve Learned from Great Women in Compliance” (CCI Press, 2020). If you enjoyed the book, the GWIC team would be very grateful if you would consider rating it on Goodreads and Amazon and leaving a short review.  Don’t forget to send the elevator back down by passing on your copy to someone who you think might enjoy reading it when you’re done, or if you can’t bear parting with your copy, consider it as a holiday or appreciation gift for someone in Compliance who deserves a treat.

If you enjoyed the book, the GWIC team would be very grateful if you would consider rating it on Goodreads and Amazon and leaving a short review.  Don’t forget to send the elevator back down by passing on your copy to someone who you think might enjoy reading it when you’re done, or if you can’t bear parting with your copy, consider it as a holiday or appreciation gift for someone in Compliance who deserves a treat.

You can subscribe to the Great Women in Compliance podcast on any podcast player by searching for it and we welcome new subscribers to our podcast.

Join the Great Women in Compliance community on LinkedIn here.

Categories
The Hill Country Podcast

Hill Country Podcast – Camp Stewart at 100

Welcome to award-winning The Hill Country Podcast. The Texas Hill Country is one of the most beautiful places on earth. In this podcast, Hill Country resident Tom Fox visits with the people and organizations that make this the most unique areas of Texas. Join Tom as he explores the people, places and their activities of the Texas Hill Country.

Join Tom Fox in this heart-warming interview with Kathy Ragsdale, the owner of Camp Stewart, in the beautiful Hill Country. Discover the magic of Camp Stewart, which has been running since 1966 under the same program developed by Kathy’s late husband, Si Ragsdale. With over 725 campers this year, the camp offers an array of sports, crafts, music, and more, with the boys assigned to cabins based on their age groups. Kathy reflects on last year’s session, which surprisingly saw an increase in interest, despite COVID-19 restrictions. Discover the creative aspect of the camp’s activities, where boys can develop their skills and imaginations. Experience the laughter of young boys, the beauty of nature, and the significance of the 100th summer of Camp Stewart in 2023 with different logos and honoring its traditions. Kathy believes that camp experiences make a real difference in shaping people’s lives- such as her son and her late husband. Listen now and learn more about the magic of Camp Stewart and its generational ties and memories!

 Key Highlights

·      Benefits of summer camp during pandemic

·      Summer camp activities and diversity

·      Camp Stewart’s Natural Charm and Upcoming 100th Summer

·      The impact of summer camp

 Notable Quotes 

“While initially, everyone thought COVID would be bad for camping, it was very good for camping because parents realized when they couldn’t go to school and they weren’t getting the socialization. How much their children had missed it.”

“Last summer, a couple of boys, 1 made a violin, a couple made guitars, And they worked. I mean, they made some amazing things.”

“Our ceramics program dates back to 1967 when Jay brought Miller, doctor Miller, was Dean of the College of Final Arts at Texas Woman University, came down and spent a month and set up our kilns and the ceramics program.”

Resources

Camp Stewart

Tom Fox

Instagram

Facebook

YouTube

Twitter

LinkedIn

Categories
Corruption, Crime and Compliance

Lessons Learned from Recent FCPA Enforcement Actions — Philips and Franks Int’l Settlements

Koninklijke Philips manipulated tender processes for medical imaging equipment in China, which resulted in a substantial $62 million fine. On the other hand, Frank’s International paid an $8 million settlement for its FCPA violations in Angola, involving questionable commissions to a sales agent. These two cases serve as potent reminders of the risks and challenges that global companies encounter in today’s globalized economy, especially when dealing with high-risk countries such as China and Angola. They underline the need for robust ethics and compliance programs, vigilance against bribery and corruption, and strict adherence to local and international laws. In this episode of Corruption, Crime and Compliance, Michael Volkov uncovers the details of these cases that underline the risks and challenges faced by global companies in the contemporary economy.

You’ll hear Michael talk about:

  • Koninklijke Philips, a Dutch multinational corporation, was penalized with a $62 million fine for contriving multiple schemes to manipulate tender processes for medical imaging equipment in China.
  • These schemes included strategies like the manipulation of technical specifications, creation of counterfeit bids, and direct payments to state-owned hospital officials in China to restrict competition.
  • Frank’s International, an oil and gas company, paid an $8 million settlement for FCPA violations in Angola. The company had been paying commissions to a sales agent in Angola, knowing there was a high likelihood that these funds would be used to bribe government officials.
  • Frank’s International exhibited a lack of adequate internal accounting controls during this time period. This oversight permitted corrupt practices to proceed undetected.
  • Angola requires international companies to engage with local businesses. In Frank’s case, this was used as a cover to facilitate bribery payments.
  • Frank’s International was informed by a senior Sonangola executive that a restriction against them could be lifted if Frank’s established a separate consulting company benefiting a high-ranking Sonangola official and offered 5% of the contract value to this company.
  • The cases highlight how crucial it is for companies operating in high-risk countries, such as Angola and China, to have comprehensive ethics and compliance programs in place.
  • These programs must be able to detect and prevent bribery schemes, manipulation of tender processes, and similar malpractices.
  • The financial records of these companies must accurately represent all transactions and should be reviewed regularly to detect and rectify discrepancies.
  • Companies should maintain a cooperative attitude with regulatory authorities, report potential violations, and take remedial actions for any identified issues.

 

KEY QUOTES: 

“Koninklijke Philips played a dangerous game manipulating tender processes in China. The $62 million fine they paid is a stark reminder of the consequences.” – Michael Volkov

 

“Frank’s International’s $8 million settlement is a potent example of what can happen when companies ignore the necessity of robust internal accounting controls.” – Michael Volkov 

 

“Operating in high-risk countries demands more than just good business sense. It requires stringent ethics and compliance programs to prevent disastrous legal and economic consequences.” – Michael Volkov 

 

Resources:

Michael Volkov on LinkedIn | Twitter

The Volkov Law Group

Categories
Principled Podcast

Principled Podcast – S9 E14 – From Basic to Best in Class: Evolving Hexcel’s Compliance Program

What you’ll learn on this podcast episode

How do you move your ethics and compliance program along the journey from basic to best in class? How do you keep momentum amid a major business disruption and downturn? And how do you make progress on the holy grail of compliance objectives—a speak-up culture?  In this episode of LRN’s Principled Podcast, host Emily Miner is joined by Gail Lehman, the EVP, general counsel, and secretary at Hexcel Corporation. Listen in as Gail shares how this high-tech materials manufacturing company has evolved its compliance program over the past five years and what that’s meant for the company’s culture.

Guest: Gail Lehman

Gail Lehman – Grayscale

Gail Lehman is the executive vice president, general counsel, and corporate secretary at Hexcel Corporation, having joined Hexcel in January of 2017. Hexcel is headquartered in Stamford, Connecticut. Gail oversees the legal and trade compliance functions for this NYSE public company, a leading global producer of advanced composites for commercial aerospace, space and defense, and various industrial markets. She is also the leader of Hexcel’s Sustainability program at a corporate level. Gail serves as a trusted strategic advisor to the board, chief executive officer, and business teams. Upon joining the company, Gail restructured the legal and trade functions to align with Hexcel’s business teams and operational objectives. She re-engineered the Code of Business Conduct program, redrafting the code and rolling out specially tailored “speak up” ethics training and messaging across all global locations. She collaborates with other senior leaders and teams to drive Hexcel’s sustainability efforts and major growth, strategic and commercial activities, including mergers and acquisitions, cyber incident readiness, and contracting with the company’s critical customers and suppliers.  

Prior to joining Hexcel, Gail served as chief administrative officer, general counsel, and corporate secretary at Noranda Aluminum Holding Corporation. Prior to Noranda, Gail was vice president, general counsel, and corporate secretary at both Hawker Beechcraft Corporation and Covalence Specialty Materials Corporation. Earlier she rose through the ranks of the law department at Honeywell International. She began her career at the law firm of Lowenstein, Sandler in Roseland, NJ after serving a federal judicial clerkship in the District Court in New Jersey. 

Gail has a degree in psychology from Rutgers College, a graduate degree in educational psychology from Rutgers Graduate School of Education, and a law degree with high honors from Rutgers University School of Law. She has served on several non-profit boards, including currently for the Women’s Business Development Council in Stamford, Connecticut. 

Host: Emily Miner

Episode_Card_Emily_Miner

Emily Miner is a vice president in LRN’s ethics and compliance Advisory practice. She counsels executive leadership teams on how to actively shape and manage their ethical culture through deep quantitative and qualitative understanding and engagement. A skilled facilitator, Emily emphasizes co-creative, bottom-up, and data-driven approaches to foster ethical behavior and inform program strategy. Emily has led engagements with organizations in the healthcare, technology, manufacturing, energy, professional services, and education industries. Emily co-leads LRN’s ongoing flagship research on E&C program effectiveness and is a thought leader in the areas of organizational culture, leadership, and E&C program impact.

Prior to joining LRN, Emily applied her behavioral science expertise in the environmental sustainability sector, working with non-profits and several New England municipalities; facilitated earth science research in academia; and contributed to drafting and advancing international climate policy goals. Emily has a Master of Public Administration in Environmental Science and Policy from Columbia University and graduated summa cum laude from the University of Florida with a degree in Anthropology.

Categories
Sunday Book Review

Sunday Book Review: May 28, 2023 – The Memorial Day Edition

In the Sunday Book Review, I consider books that interest the compliance professional, the business executive, or anyone curious. It could be books about business, compliance, history, leadership, current events, or anything else that might interest me. In today’s edition of the Sunday Book Review, we begin a two-part look at George Orwell and his writings and review books on patriotism and Memorial Day.

  • Flags of Our Fathers by James Bradley and Ron Powers
  • Citizen Soldiers by Stephen Ambrose
  • The Greatest Generation by Tom Brokaw
  • The Killer Angels by Michael Shaara
Categories
Kerrville Weekly News Roundup

Kerrville Weekly News Roundup: May 26, 2023

Welcome to the Kerrville Weekly News Roundup. Each week, veteran podcaster Tom Fox and his colleagues Andrew Gay and Gilbert Paiz get together to go over a couple of their favorite stories from the past week from Kerrville and the greater Hill Country. Sit back, enjoy a cup of morning coffee and listen in to get a wrap up of the Kerrville Weekly News. We each consider two of our favorite stories and talk about the upcoming weekend’s events which will enjoy or participate in this weekend.

In this episode, Tom and Andrew discuss the following stories which caught their attention over the past week.

·      Tom talks about the Kerrville Public School Foundation  and Camp Stewart celebrating its centennial this year.

·      Andrew talks about Plea in Abatement hearing the Harley Belew case and the resignation of City Manager EA Hoppe to move to Frisco.

·      Gilbert talks about school graduations and the upcoming Kerrville Business Expo.

Resources

Tom Fox on LinkedIn

Gilbert Paiz on LinkedIn

Andrew Gay on LinkedIn

Texas Hill Country Podcast Network