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Great Women in Compliance

Amy Schuh on Kind vs. Nice: How to Build a Compliance Function

Welcome to the Great Women in Compliance Podcast, co-hosted by Lisa Fine and Mary Shirley and to the new GWIC year. Many of us, especially women, think about the importance of being nice and kind, but have you thought about the differences between those two concepts?  And is it a problem to be nice at work?  In this episode, Lisa speaks with Amy Schuh, a partner at Morgan Lewis, talks about the distinction – and how being nice works only when things are going well, and being kind also includes being genuine, supporting your team and is critical to building a successful compliance function.

In particular, she talks about an article  Reasons to stop being nice at work (fastcompany.com) which is incredibly thought provoking.

Amy sees her career path as a “jungle gym,” where she has moved between law firms to legal and compliance roles in large companies, and has successfully avoided monitors.  She shares her experiences in both, and how they have influenced her current work and how she built her career.

Lisa and Amy also talk about how they connect and build trust in relationships, and how to build and retain strong teams, particularly with the concept of fairness to employees.  Spoiler alert: treating everyone equally isn’t the same as being fair.  That concept is included in Hiring Wisdom: Top 10 Ways to Guarantee Your Best People Will Quit – TLNT.

The ”homework” that Lisa did to speak with Amy in those two articles are now a part of Lisa’s library…which also includes Mary Shirley’s Corporate Compliance Insights monthly column.

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.

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
Compliance Into the Weeds

Easterbrook, McDonalds Board & Discretionary Firings

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. In this episode, Matt and I look at the recent SEC enforcement action involving Steve Easterbrook and McDonald’s.

Some of the highlights include:

  • Matt tells the tale.
  • Should Easterbrook have been initially fired for cause for violating the company Code of Conduct?
  • What were the factors for the Board in not terminating for a cause?
  • Should Easterbrook have been awarded a golden parachute the first time around?
  • Why did the SEC issue a Cease and Desist Order against Mcdonald’s?
  • What, if anything, should Mcdonald’s have disclosed?
  • What does this case say about clawbacks? Corporate culture?
  • What are the lessons learned?

 Resources

Matt Kelly in Radical Compliance

Categories
Daily Compliance News

January 18, 2023 – The Culture Matters 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:

  • Vietnamese President resigns over corruption allegations. (Al Jazeera)
  • What to do if you can use non-competes. (WSJ)
  • Is Tesla self-driving a fraud? (Reuters)
  • Culture does matter. (The Guardian)
Categories
Greetings and Felicitations

Podfest Expo 2023 – Preview Podcasts – Allea Grummert – Using Email to Grow Your Audience

In this episode of the PodfestExpo 2023 Preview Podcasts series, I visit with Allea Grummert, founder of Duett, which provides Email Marketing Strategies and Conversion Copywrite. We discuss her presentation at PodfestExpo on engagement for your podcast. Some of the issues we discuss in this podcast are:

  • Why email will help you grow and engage your audience.
  • Using engagement to drive growth.
  • Why meeting with podcasters at PodfestExpo can help you to share your message.

I hope you can join me at PodfestExpo 2023, hosted by Podfest Global. This year’s event will be January 26-29, 2023, at the Renaissance Orlando at Seaworld in Orlando, Florida. The line-up of this year’s event is first-rate, with some of the top names in podcasting.

Podfest Expo is a community of people interested in and passionate about sharing their voice and message with the world through the powerful mediums of audio and video. We’re proud to unite as many people as possible to learn, get inspired, and grow better together.

PodfestExpo is so much more than just a mere conference. While we pride ourselves on featuring the most engaging speakers, exciting topics, and in-depth content, the thing that sets PodfestExpo event apart from all others is the tight-knit community we’ve been building since 2013. You don’t just attend a Podfest event – you become part of the Podfest family.

Whether you’re new to podcasting or a veteran podcaster looking to innovate and improve your podcast, our easy-to-understand Conference Topics allow you to customize a daily agenda based on what you’re most interested in learning. No matter your skill level or experience, PodfestExpo 2023 has plenty to offer!

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, Podfest Expo is offering a discount on the registration price. Enter discount code Fox10.

PodfestExpo 2023 is a production of Podfest Global, which is the sponsor of this podcast series.

Categories
Innovation in Compliance

Frictionless and Engaging Compliance Training with Avi Singer

On this week’s episode, Tom’s guest Avi Singer talks about how to make it easier for employees to understand and complete compliance training. Compliance training refers to the process of educating employees on laws, regulations, and company policies that apply to their day-to-day job responsibilities. The goal is for everyone in an organization to have compliance training, and for it to be frictionless for employees to access and complete. 

Avi Singer is the founder and CEO of Showd.me, a company that is helping organizations provide remote and on-demand compliance training solutions, specifically in the healthcare space. He is extremely passionate about highlighting the importance of compliance training, noting that it is often required in order for organizations to comply with regulations. He is described by his colleagues as a “bright professional who can understand complex business solutions and offer creative solutions to problems.” 

 

Here are some key points Tom and Avi talk about:

  • Avi explains how he persuades clients to utilize resources from his company Showd.me to have their employees take its compliance training. 
  • Avi believes compliance training should be easy to understand and pass a quiz on. 
  • The government expects targeted compliance training to address issues like racial sensitivity or harassment, Avi explains to Tom. 
  • Avi highlights the importance of bystander intervention and mandated reporting in potentially harmful situations and the best way to execute it in a clear and nuanced fashion.
  •  If additional training or intervention is required, Avi says, companies should have an HR person who can help address investigations and create policies around compliance.
  • AVI discusses pronoun training, how it should be conducted in order to get the message to the right person, and how to ensure employees are addressed in an appropriate manner.
  • The goal is for everyone in an organization to have compliance training, and for it to be frictionless for employees to access and complete, Avi says.
  • Cost savings can be achieved by reducing liability and risk, as well as by making compliance part of the normal training process.

 

KEY QUOTE:

“You don’t have to be perfect. I think that our training is not like, ‘Hey, you need to know the nuances of harassment or the nuances of what constitutes the mandatory reporter situation or what constitutes abuse’. It’s more like, ‘The law says if you see this going on you have to do something’.” – Avi Singer

 

Resources

Avi Singer | LinkedIn | Twitter 

showd.me 

Categories
Daily Compliance News

January 17, 2023 – The I Didn’t Steal Funds 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:

  • FIFA’s corruption trial could impact Fox Sports. (NYT)
  • New FTC penalties for deceptive green marketing. (WSJ)
  • “I didn’t’ steal funds,” SBF says in a blog post. (Reuters)
  • Van Gogh’s ‘Sunflowers’ and repatriation. (Bloomberg)
Categories
Greetings and Felicitations

Podfest Expo 2023 – Preview Podcasts – Producer Jaime on Podcast Networks

In this episode of the PodfestExpo 2023 Preview Podcasts series, I visit with Producer Jaime, CEO and founder of Flintstone Media and the Florida Podcast Network. We discuss her presentations at PodfestExpo on the power of podcast networks and the power of social networks in building out your podcast audience. Some of the issues we tackle in this podcast are:

  • Why joining a network can increase your audience.
  • Why continued growth in your learning will help build out your podcasting skill.
  • How relationships and connections can help fuel your podcast growth.

I hope you can join me at PodfestExpo 2023, hosted by Podfest Global. This year’s event will be January 26-29, 2023, at the Renaissance Orlando at Seaworld in Orlando, Florida. The line-up of this year’s event is first-rate, with some of the top names in podcasting.

Podfest Expo is a community of people interested in and passionate about sharing their voice and message with the world through the powerful mediums of audio and video. We’re proud to unite as many people as possible to learn, get inspired, and grow better together.

 PodfestExpo is so much more than just a mere conference. While we pride ourselves on featuring the most engaging speakers, exciting topics, and in-depth content, the thing that sets PodfestExpo event apart from all others is the tight-knit community we’ve been building since 2013. You don’t just attend a Podfest event – you become part of the Podfest family.

 Whether you’re new to podcasting or a veteran podcaster looking to innovate and improve your podcast, our easy-to-understand Conference Topics allow you to customize a daily agenda based on what you’re most interested in learning. No matter your skill level or experience, PodfestExpo 2023 has plenty to offer!

 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, PodcastExpo is offering a discount on the registration price. Enter discount code Fox10.

 PodfestExpo 2023 is a production of Podfest Global, which is the sponsor of this podcast series.

Categories
Career Can D0

Getting with the Times in Education with Timothy Walker

In this episode of Career Can Do, Mary Ann Faremouth chats with Timothy Walker, experienced career advisor and Instructor of Computer Networking and Telecommunications at Houston Community College. Timothy’s experience in the higher education industry and strong community and social services skills equip him to help people navigate the unique challenges of the new work world. Timothy shares how Houston Community College is doing just that.

The tumultuous nature of recent years has left many struggling to keep their heads above water, especially in the global workspace. Almost every industry has undergone changes to their operations. With these changes come new demands – demands which may no longer be satisfied with traditional methods of education. Houston Community College offers a variety of programs to help students prepare for the new work world, including certificates, degrees, and virtual internships. Their professors are highly committed to their students, providing excellent and relevant training, as well as support. 

 

To nurture flexibility and the ability to adapt to future changes, Houston Community College keeps an eye on developments in various industries. This is where traditional education has always been lacking, Timothy comments. Traditional education has historically always lagged behind industry.

 

Resources

Faremouth.com

Categories
Corruption, Crime and Compliance

2022 FCPA Year in Review Featuring Tom Fox

2022 saw higher numbers of FCPA enforcement actions, settlements, and criminal prosecutions of individuals. One of the most important developments was the update of policy in the Monaco Doctrine, which was elaborated on in the Monaco Memo, providing important guidance for compliance professionals. Tom Fox joins Michael Volkov to discuss some of the more interesting cases from the past year.

Tom Fox is hailed as the Voice of Compliance, serving and evangelizing for the compliance community for over 15 years. He is the founder and creator of the Compliance Podcast Network where he hosts various podcasts, such as Innovation In Compliance and the ESG Report, and the Executive Leader at the C-Suite Network. 

 

Some ideas you’ll hear them explore are:

  • The DOJ is getting better at communicating with the compliance community through resolution documents like DPA, NPA, and, occasionally, declinations. These documents provide insight into the DOJ’s thinking and approach to cases, which compliance professionals can use to gain a better understanding of how to approach compliance issues.
  • In Tom’s upcoming book, “FCPA Year in Review 2022,” he highlights the KT Corp bribery case, which went back to the basics in its old-school rendition of corruption: bags of cash money. The lesson here is that bribery can be as simple as a $50 slipped into a handshake.
  • In the curious case of Glencore, the FCPA enforcement action taken against them reflects the DOJ’s focus on defective cultures within companies. This case involved multiple enforcement agencies across multiple countries and multiple bribery schemes, rounding up fines and penalties totalling up to $1.1 billion, with $700M for FCPA violations, and $441M for price and market manipulation. Glencore had a culture that was committed to profit at any cost, and the company paid over $100M to third parties knowing that some of the money would be used to bribe officials in various countries.
  • The Oracle case involving bribery and corruption involving gifts, travel, and entertainment should serve as a reminder to companies to review their gift, travel, and entertainment policies and ensure they are aware of how their business officials are spending their travel, per diem, and entertainment money.
  • Avoid hiring third-parties recommended by or at the direction of a state-owned official or executive.
  • The Lisa Monaco memorandum emphasizes the need for effective compliance programs and the benefits of voluntary disclosure, full cooperation, and timely and appropriate remediation. 

 

KEY QUOTE

“Internal controls are not simply due diligence, distributors, et cetera. It goes down to your payments, schemes and how you pay your vendors should all be a part of your internal controls.” – Tom Fox

 

Resources

Tom Fox on the Web | LinkedIn | Twitter | Blog

Categories
Daily Compliance News

January 16, 2023 – The 10% Committing Fraud 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:

  • The LIBOR imbroglio continues. (WSJ)
  • Ethics reforms coming to EU Parliament. (FT)
  • SCt to look at key whistleblower standards. (Reuters)
  • A new report shows 10% of public companies commit fraud annually. (NYT)