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The Hill Country Podcast

Darrell Beauchamp, Michael Martin Murphy & Wildfire

Welcome to the 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 these the unique areas of Texas. Join Tom as he explores the people, places, and activities of the Texas Hill Country.  In this episode, host Tom Fox visits Darrell Beauchamp, Executive Director of the Western Museum of Art, discussing his relationship with musician Michael Martin Murphy, including hosting him at a benefit concert.

The podcast also delves into Beauchamp’s personal relationship with Murphy, including a gifted Yamaha guitar signed with the lyrics to “Wildfire.” The museum’s unique exhibit approach is also detailed, showcasing personal favorite works from the collection. The upcoming exhibit, “40 Years of Western Arts,” will display works from influential artists and lesser-known artists alike, including a rare painting by Clark Healings on loan from a collector in Tulsa. With vibrant storytelling and a new podcast, the Museum of Western Art is sure to captivate art enthusiasts and visitors alike.

 Key Highlights

·      Tom Fox and Darrell Beauchamp’s joint love for Michael Martin Murphy

·      Hosting Michael Martin Murphy for a Benefit Concert

·      Receiving a Special Guitar from Michael Martin Murphy

·      Michael Murphy’s Influence on Storytelling Music

·      The Significance of Cowboy Songwriters in the West

·      Rediscovering overlooked art through guest favorites

·      Unearthing Employee Favorites

·      Upcoming Western Art Exhibition

 Notable Quotes 

1.     “The American West is all about telling stories, and that’s what Michael does and Willie and George Strait and all those guys through their lyrics.”

2.     “I know we let the people choose. I know we let our docents, our volunteers, our guests, you know, come in, and we tell them, what’s your favorite work in our collection.”

3.     “For the first time, I was really awestruck. And it seemed to me to be the most personal exhibit, and it turned out it was.”

4.     “We’re putting together a show called 40 Years of Western Arts.”

 Resources

Western Museum of Art

Wildfire by Michael Murphy on YouTube

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Great Women in Compliance

Mary and Lisa in a Discussion in The Big News Edition

Welcome to the Great Women in Compliance Podcast, hosted by Mary Shirley and Lisa Fine. As Lisa and Mary return from seasonal break, they have some big news about the next chapter of the podcast.  Join this episode to hear about Mary’s planned departure from Great Women in Compliance at the 200th episode milestone and the exciting plans that Lisa has in mind to change things up and keep them fresh for #GWIC listeners when returning from an extended Summer break later in the year.  We look forward to celebrating the 200th episode with all of our listeners on 5 July 2023!

 Lisa and Mary also take the opportunity this episode to talk about some topical issues in Compliance, including Artificial Intelligence,  in relation to recent conferences and share information in relation to The Society of Corporate Compliance and Ethics ECEI, Consero’s Chief Ethics and Compliance Officer Forum and the upcoming Compliance Week Women in Compliance Summit which will be held in Atlanta in June.  Check out the details and get yourself registered here to see Team GWIC speak on networking and other tips to advance your career.

 The Great Women in Compliance Podcast is on the Compliance Podcast Network with a selection of other Compliance related offerings to listen in to.  If you are enjoying this episode, please rate it on your preferred podcast player to help other likeminded Ethics and Compliance professionals find it.  If you have a moment to leave a review at the same time, Mary and Lisa would be so grateful.  You can also find the GWIC podcast on Corporate Compliance Insights where Lisa and Mary have a landing page with additional information about them and the story of the podcast.  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.

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Compliance Into the Weeds

COSO Framework for Sustainability Controls and Reporting

The award winning, 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, join Tom and Matt as they discuss a new sustainability framework that companies can use to improve their sustainability efforts. The document emphasizes the importance of data governance and using a recognized control framework for effective financial reporting, similar to COSO. The hosts explore the challenges of collecting and managing sustainability data, while highlighting the need for organizations to have a Chief Data Governance Officer and an in-house data committee. They discuss the importance of competent leadership, effective communication, and the role of vendors offering sustainability supporting solutions. Tune in to discover how the right oversight mechanisms can save organizations money by streamlining IT vendors and why sustainability data reporting is the new challenge of achieving Sarbanes Oxley compliance in the 2000s.

 Key Highlights

·      COSO Internal Control Framework for Sustainability Disclosures

·      Comparing Sustainability and Ethics/Compliance Frameworks

·      Challenges in Sustainability Data Collection

·      Importance of Data Governance in Large Enterprises

 Notable Quotes

1.     “ESG and sustainable business information, on the other hand, tends to be longer term and more qualitative.”

2.     Revenue numbers are in dollar returns and carbon emissions are not.

3.    Radically different sorts of disclosures and data there, but you have to think through.

4.    You’re going to have to make sure that the data governance mechanisms you have? Do you have a Chief Data Governance Officer? Some organizations do. Do you have an in house data committee to think about are we collecting all of this data?

 Resources

Matt  on LinkedIn

Matt on Radical Compliance

Tom

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YouTube

Twitter

LinkedIn

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Daily Compliance News

April 5, 2023 – The Not There Finest Hour 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 of Daily Compliance News:

· Jamie Dimon says banking regs need to be tightened.  (WSJ)

· Steinmetz’s guilty verdict was upheld on appeal.  (Reuters)

· Founder of Frank charged with fraud. (NYT)

· VW fights draconian sanctions. (Reuters)

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31 Days to More Effective Compliance Programs

One Month to a More Effective Compliance Program for 3rd Parties – 3rd Party Risk Management Process

As every compliance practitioner knows, third parties still present the highest risk under the FCPA. The 2020 Update devotes an entire prong to third-party management. It begins with the following:
 Prosecutors should also assess whether the company knows the business rationale for needing the third party in the transaction and the risks posed by third-party partners, including the third-party partners’ reputations and relationships, if any, with foreign officials. For example, a prosecutor should analyze whether the company has ensured that contract terms with third parties specifically describe the services to be performed, that the third party is performing the work, and that its compensation is commensurate with the work provided in that industry and geographical region.   Prosecutors should further assess whether the company engaged in ongoing monitoring of the third-party relationships through updated due diligence, training, audits, and/or annual compliance certifications by the third party.

This specifies that the DOJ expects an integrated approach operationalized throughout the company. This means you must have a process for the full third-party risk management life cycle. Five steps in the life cycle of third-party risk management will fulfill the DOJ requirements in the 2020 FCPA Resource Guide and the Hallmarks of an Effective Compliance Program. The five steps in the lifecycle of third-party management are:

  1. Business Justification by the Business Sponsor;
  2. Questionnaire to Third-party;
  3. Due Diligence on Third-party, including triage of results;
  4. Compliance Terms and Conditions, including payment terms; and
  5. Management and Oversight of Third Parties After Contract Signing.

Three key takeaways:

  1. Use the entire 5-step process for third-party management.
  2. Make sure you have business development involvement and buy-in.
  3. Operationalize all steps going forward by including business unit representatives.
Categories
The ESG Report

Eli Sutton on Operational Sustainability

The ESG Report podcast is hosted by Tom Fox. In this episode, Tom is joined by Eli Sutton is a seasoned professional with over 20 years of experience in sales and 15 years in operation leadership. He has been involved in a variety of industries, but has spent the last 10 years with Teramind, providing employee monitoring solutions to organizations. They discuss how operational sustainability can help your business grow and thrive for years to come!

You will learn how operational sustainability can help your business grow and thrive over the long term. After the pandemic hit, many companies were looking to maximize their workforce productivity rather than security. Eli found that Teramind offered customizable solutions that could provide compliance, security and productivity without hindering user ability. With the right processes, resources, and tools like Teramind, companies can be operationally sustainable and maximize their growth. Eli’s knowledge and experience has been invaluable in helping businesses maximize their productivity and security.

Key Highlights

1. What benefits can a solution like Teramind provide to organizations in terms of security, productivity, and data management?

2. How can Teramind help organizations execute due diligence processes more efficiently and save on billable hours?

3. How have organizations’ needs changed with the pandemic, and how can Teramind help them meet those new requirements?

Notable Quotes

1.     “Strong work ethic, a proven process to complete each task, following through with a proven process, a team member who monitors that proven process and make sure that it’s being followed and a team to overall review and optimize that proven process over time – this is the key to operational sustainability and success.”

2.     “Think of a company as something like a massive ship that’s going across the Atlantic. Now what does that ship need to make that journey a success?”

3.     “For a company to be operationally sustainable, it must have strong foundations.”

4.     “Put in 100% of the effort and you’ll make it across in record time.”

Resources

Eli Sutton on LinkedIn

Teramind

Tom Fox 

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Innovation in Compliance

Transformation by Surfing the Waves with Alex Schwartz and Nate Thompson

The traditional workplace as we know it is changing exponentially. This, accelerated by the COVID-19 pandemic, has forced companies to adapt to a new way of doing business. In this episode of Innovation In Compliance, Nate Thompson and Alex Schwartz, co-founders and hosts of The Disrupted Workforce, chat with host Tom Fox about the trends and challenges facing companies in this new era of work, including talent acquisition and retention, how AI will help identify talent pools, and the major shifts and disruptions happening in the workplace. 

Alex Schwartz is a digital marketing and transformation solutions expert with over a decade of experience working with Fortune 500 companies. Prior to that, he worked in talent management in New York. Alex realized that there was a need to focus more on helping individuals navigate change and on creating better work cultures. He is passionate about looking at the future of work from a human-centered perspective.

 

Nate Thompson started his career as an engineer at Qualcomm. He ultimately left the technology space to focus on understanding organizational psychology and helping organizations reinvent themselves. Nate has spent the last 20 years specializing in organizational leadership and change. He went through a personal transformation after experiencing a “life crash”, which gave him the grit and resilience he needed to become a successful business leader. In March 2020, Nate and Alex launched their current platform.

 

You’ll hear Tom, Alex and Nate discuss these ideas in this episode:

  • The world is changing rapidly due to various factors, including the pandemic. Nate tells Tom, “We are at the slowest period right now that we will ever be going forward. In other words, right now, today life is going really fast, and it’s only going to get faster, like significantly faster.” 
  • “The way that you’re even thinking about the world today has to start to evolve,” Nate remarks. The future of work mindset – as conceptualized by Alex and Nate – is crucial to navigate fast-paced change, and it’s based around the idea of exploring, expanding, and evolving.
  • “The eleven days of clean audit health to failure [of the Silicon Valley Bank] really demonstrated to me the speed of which social media can bring change,” Tom remarks. 
  • “Sometimes leaders and organizations aren’t progressive, and they’re battening down the hatches and trying to weather the storm. The only problem is that strategy will not help in this dynamically unfolding world. You have to be able to surf the waves, not get washed over, crashed upon,” Nate says.
  • Companies need to be proactive in building future of work programs, including creating talent mobility within the organization.
  • Thoughtful and empathetic communication is crucial in handling layoffs, upskilling, and reskilling of the employee base.
  • Talent acquisition and talent retention are among the most important issues for corporations in 2030 and beyond.
  • There is a global job shortage and talent shortage in the United States.
  • The focus of hiring is shifting from a skills and pedigree-based system to one more focused on how people learn because skills are changing so fast that how people learn and adapt can be more important than what degree or skill they have.
  • There will be a more blended workforce where people are going to be wearing different hats and leaders and companies need to understand the needs of each worker to let them rise up and lead, even if they’re part-time.
  • AI is changing the way recruitment works, unlocking talent pools that we never thought of.
  • Alex and Nate use their podcast, The Disrupted Workforce, to share insights about the future of work, to amplify thought leaders’ voices, and to help people prepare, navigate, and thrive through these changing times.

 

KEY QUOTES

“We are at the slowest period right now that we will ever be going forward. In other words, right now, today life is going really fast, and it’s only going to get faster, like significantly faster.” – Nate Thompson

 

“…strategy will not help in this dynamically unfolding world. You have to be able to surf the waves, not get washed over, crashed upon.”  – Nate Thompson

 

“We are moving from a skills and pedigree based hiring system, we believe, to one much more focused on how people learn. This is a fundamental shift that we are seeing because skills are changing so fast, that how you learn and how you adapt can actually be more important than what degree or skill you have. Because it’s quite possible that the job that you’re going to have in six months versus the one that you’re entering the door in hasn’t even been invented yet.” – Alex Schwartz

 

“If you ignore this, you will be kind of run over by these waves of disruption. We believe, and try to wake people up and really lead them through.” – Alex Schwartz

 

Resources:

Alex Schwartz on LinkedIn | Instagram 

Nate Thompson on LinkedIn 

The Disrupted Workforce

Categories
Data Driven Compliance Innovation in Compliance

Daniel Villani on the Using the Right Data

Data Driven Compliance, hosted by Tom Fox, is a podcast featuring an in-depth conversation about the uses of data and data analytics in compliance programs. In this episode, host Tom Fox visits Daniel Villani from Villani Analytics. Daniel has an extensive 15-year background in technology, specifically working with medium to large businesses. They discuss Enterprise Resource Planning (ERP) and Enterprise Performance Management (EPM) software, vendor selection, audibility, and ESG reporting. Daniel emphasizes the importance of data utilization and integration, offering solutions and advice on the best solutions to stay competitive. Listeners can learn more from Daniel’s YouTube channel, Villani Analytics, and LinkedIn profile.

Key Highlights

·      ERP & EPM Explained

·      Data Privacy and Security in Financial Technology Solutions

·      Ensuring Data Accuracy and Quality Assurance Through Governance

·      The Importance of Documentation in Vendor Selection

·      Utilizing Data Analytics to Get Insights

·      Benefits of Implementing Environmental, Social, and Governance Programs

·      Building Data Streams: Connecting Siloed Data for Success

Notable Quotes

1.     ” I laugh because it sounds completely imaginative, but you’d be surprised how many organizations and some of the leading organizations and fortune 500 ones are relying on somebody’s word that their numbers are okay.”

2.     “I take the, you know, the full unbiased approach where I’m happy to recommend the system that I don’t implement just because I don’t do it for the money that comes out of it. I do it to make sure that you get the right solution for your business.”

3.     “It’s also equally important to ensure that you have the documentation around your governance in place.”

4.     “The companies that are going to bring it together in the most meaningful way are the ones that are going to better compete in their industry.”

 Resources

Daniel Villani on LinkedIn

Villani Analytics

Categories
Daily Compliance News

April 4, 2023 – The Is FL Anti-Business 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 of Daily Compliance News:

·       Disney President says Florida under DeSantis is ‘anti-business.’ (WSJ)

·       Venezuela detains 44 more in a corruption probe. (Al Jazeera)

·       EY banned in Germany over Wirecard. (FT)

·       Italians wave good-bye to ChatGPT. (ComplianceWeek)

Categories
Principled Podcast

S9 E8 – Under Pressure: How Boards are Facing Today’s Global, Regulatory Issues

What you’ll learn on this podcast episode

Corporate boards are feeling more pressure than ever from a variety of stakeholders—government prosecutors and regulators, institutional investors, corporate activists, consumers, and others seeking responsible change in an ever-changing global economy. As the concept of both corporate and individual accountability continues to expand, how can boards adapt their approach to governance and oversight to meet these increasingly complex expectations? In this episode of LRN’s Principled Podcast, host Susan Divers is joined by Michael Volkov, the CEO of the Volkov Law Group and author of the recent white paper “Directors Dancing on the Head of a Pin: Corporate Boards Face Escalating Risks and Enforcement Challenges.” Listen in as they discuss the global challenges corporate boards are facing in 2023, and the steps they can take to meet regulatory pressures. 

Guest: Michael Volkov

Michael Volkov

Michael Volkov specializes in ethics and compliance, white collar defense, government investigations, and internal investigations. Michael devotes a significant portion of his practice to anti-corruption, sanctions, trade, antitrust, and AML compliance and defense. He regularly assists clients on FCPA, UK Bribery Act, AML, OFAC, Export-Import, Securities Fraud, and other issues.

Michael has extensive trial experience and has developed a problem-solving approach to serve client needs. He has extensive contacts in the federal government and on Capitol Hill. Given his broad government experience, he represents clients in federal and state court, before the Justice Department and other federal agencies, and on Capitol Hill. 

Prior to launching his own law firm, Mr. Volkov was a partner at LeClairRyan (2012-2013); Mayer Brown (2010-2012), Dickinson Wright (2008-2010); Deputy Assistant Attorney General in the Department of Justice (2008); Chief Counsel, Subcommittee on Crime, Terrorism and Homeland Security, House Judiciary Committee (2005-2008); and Counsel, Senate Judiciary Committee (2003-2005); Assistant US Attorney, United States Attorney’s Office for the District of Columbia (1989-2005); and a Trial Attorney, Antitrust Division, United States Department of Justice (1985-1989).

Mr. Volkov resides in Washington, D.C., San Diego, California, and Marsala, Italy, with his wife and six children. He and his wife enjoy traveling, the arts, and philanthropic activities. Mr. Volkov is an avid tennis player. 

Host: Susan Divers

Headshot_Susan_Divers_S7E18_Principled_Podcast

Susan Divers is a senior advisor with LRN Corporation. In that capacity, Ms. Divers brings her 30+ years’ accomplishments and experience in the ethics and compliance area to LRN partners and colleagues. This expertise includes building state-of-the-art compliance programs infused with values, designing user-friendly means of engaging and informing employees, fostering an embedded culture of compliance and substantial subject matter expertise in anti-corruption, export controls, sanctions, and other key areas of compliance.

Prior to joining LRN, Mrs. Divers served as AECOM’s Assistant General for Global Ethics & Compliance and Chief Ethics & Compliance Officer. Under her leadership, AECOM’s ethics and compliance program garnered six external awards in recognition of its effectiveness and Mrs. Divers’ thought leadership in the ethics field. In 2011, Mrs. Divers received the AECOM CEO Award of Excellence, which recognized her work in advancing the company’s ethics and compliance program.

Mrs. Divers’ background includes more than thirty years’ experience practicing law in these areas. Before joining AECOM, she worked at SAIC and Lockheed Martin in the international compliance area. Prior to that, she was a partner with the DC office of Sonnenschein, Nath & Rosenthal. She also spent four years in London and is qualified as a Solicitor to the High Court of England and Wales, practicing in the international arena with the law firms of Theodore Goddard & Co. and Herbert Smith & Co. She also served as an attorney in the Office of the Legal Advisor at the Department of State and was a member of the U.S. delegation to the UN working on the first anti-corruption multilateral treaty initiative.

Mrs. Divers is a member of the DC Bar and a graduate of Trinity College, Washington D.C. and of the National Law Center of George Washington University. In 2011, 2012, 2013 and 2014 Ethisphere Magazine listed her as one the “Attorneys Who Matter” in the ethics & compliance area. She is a member of the Advisory Boards of the Rutgers University Center for Ethical Behavior and served as a member of the Board of Directors for the Institute for Practical Training from 2005-2008.

She resides in Northern Virginia and is a frequent speaker, writer and commentator on ethics and compliance topics. Mrs. Divers’ most recent publication is “Balancing Best Practices and Reality in Compliance,” published by Compliance Week in February 2015. In her spare time, she mentors veteran and university students and enjoys outdoor activities.