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The Uncovering Hidden Risks Podcast Returns to the Compliance Podcast Network

The risk landscape for organizations has changed significantly in the past few years. Traditional ways of identifying and mitigating risks simply do not work. They focus primarily on external threats when risks from within the organization are just as prevalent and harmful. Additionally, regulations change frequently, and it is difficult for security and compliance leaders to keep up on these changes.

The Compliance Podcast Network is therefore thrilled to have back for a limited series, the Microsoft podcast, The Uncovering Hidden Risks, which will explore the need for enterprises to quickly move to a more holistic approach to data protection and reduce their overall risk. The show will cover an array of topics, across data governance, risk management, and compliance. It will address industry trends and customer pain points.

In each episode Erica Toelle, Sr. Product Marketing Manager for Microsoft Purview, partners with a Microsoft guest host to interview a guest leader in the data governance and compliance industry. These experts have a unique and deep understanding of the challenges organizations face, and the people, processes, and technology used to address them.

We are excited to have this podcast made available to the listeners of the Compliance Podcast Network so that they may listen in to these conversations as Erica and her Microsoft colleagues discuss a range of interesting topics, ranging from trends, best practices, and real-life strategies for developing a holistic data governance and risk management program.

The Uncovering Hidden Risks podcast will launch on Wednesday, September 28th with the first episode in the series.  

Listen to The Uncovering Hidden Risks podcast trailer below and subscribe on https://www.uncoveringhiddenrisks.com

Or you can listen and subscribe on the following platforms:

Here is a preview of the first episode, posting on Wednesday, September 28th:

Transitioning to a holistic approach to data protection

Guest Bret Arsenault, CVP, CISO at Microsoft joins us on this week’s episode of Uncovering Hidden Risks to discuss how a holistic approach to data protection can deliver better results across your organization and the three steps that can get you there. Erica Toelle and Talhah Mir host this week’s episode to chat with Bret about current trends in the data protection space, what data protection issues are top of mind, and how teams should start on their data protection strategy.

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The Compliance Life

Maria D’Avanzo – To Traliant and Beyond

The Compliance Life details the journey to and in the role of a Chief Compliance Officer. How does one come to sit in the CCO chair? What are some of the skills a CCO needs to success navigate the compliance waters in any company? What are some of the top challenges CCOs have faced and how did they meet them? These questions and many others will be explored in this new podcast series. Over four episodes each month on The Compliance Life, I visit with one current or former CCO to explore their journey to the CCO chair. This month, my guest is Maria D’Avanzo. We discuss Maria’s journey from a real estate and small business lawyer to compliance, then CCO chair, and now as the Chief Evangelist Officer at Traliant.

In this concluding episode, Maria discussed how she used the tools and skills she learned to move to a Traliant, where she is well positioned to help compliance professionals gain insights into their programs and help them better appreciated how Traliant can support their efforts. She is working with  with Traliant’s executive team as we not only develop new products but also enhance our existing offerings by listening tours with customers,  customer advisory councils and expounding on training’s role in speak-up culture.

Resources

Maria D’Avanzo LinkedIn Profile

Traliant.com

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FCPA Compliance Report

Vin DiCianni on the Monaco Memo

In this special 5 part podcast series, I am deeply diving into the Monaco Memo and analyzing it from various angles. In this episode of the FCPA Compliance Report, I am joined by my Affiliated Monitors founder Vin DiCianni to take a deep dive into the monitors and monitorship portions of the Monaco Memo. Some of the highlights include:

  1. Determination of Monitor Need.
  2. Roadmap to proa-active compliance.
  3. Timely self-disclosure as criteria for monitorship?
  4. Monitor selection criteria.
  5. Monitor review and oversight.

 Resources

Vin DiCianni on Affiliated Monitors

Tom 5-Part blog post series in the FCPA Compliance and Ethics Blog

  1. A Jolt for Compliance
  2. Timely Self-Disclosure
  3. Corporate Compliance Programs
  4. Monitors
  5. Polite Speech

Monaco Memo

Categories
The Corruption Files

Episode 10: The Goldman Sachs Corruption Case with Tom Fox and Michael DeBernardis

Risk is never static but dynamic.

The Goldman Sachs case has proven that playing with fire will always get you burned. Listen in as Tom Fox, and Michael DeBernardis dissect the rights and wrongs of the situation, why probing deeper into red flags is a must, the importance of setting off preventative controls right away, and why companies should publicly show their general policy statement.

▶️ The Goldman Sachs Corruption Case with Tom Fox and Michael DeBernardis

Key points discussed in the episode:

✔️ Tom Fox gives a brief background on the Goldman Sachs case.

✔️ Michael DeBernardis explains the successes and failures in compliance.

✔️ Tom Fox points out the suspicious timing of bond offerings, the significant risk involved, and why organizations should trust but verify, considering the visibility within the organizational structure.

✔️ Michael DeBernardis emphasizes why preventative controls like electronic surveillance should be implemented right away and how the Goldman Sachs case proves that improving your company structure is vital.

✔️ Tom Fox and Michael DeBernardis talk about the Monaco Memo and how the Goldman Sachs case perfectly applies the implementation of clawbacks.

✔️ Michael DeBernardis encourages companies to publish their general policy statement to prevent future problems.

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Do you have a podcast (or do you want to)? Join the only network dedicated to compliance, risk management, and business ethics, the Compliance Podcast Network. For more information, contact Tom Fox at tfox@tfoxlaw.com.

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Everything Compliance - Shout Outs and Rants

Episode 105 – Shout Outs and Rants

Welcome to the only roundtable podcast in compliance as we celebrate our second century of shows. In 2021, Everything Compliance was honored by W3 as a top talk show in podcasting. In this episode, we have the quartet of Jonathan Marks, Tom Fox, Jonathan Armstrong, and Karen Woody.

1. Tom Fox shouts out to Aaron Judge, who has a year for the ages.

2. Karen Woody shouts out to the HBO film Elvis and the movie portrayal of Presley.

3. Jonathan Marks rants about compliance professionals and fraud examiners who have no idea what internal control is.

4. Jonathan Armstrong shouts out to King Charles III, who had a 70-year apprenticeship as the Heir Apparent to the British throne.  

The members of Everything Compliance are:

•       Jay Rosen– Jay is Vice President, Business Development Corporate Monitoring at Affiliated Monitors. Rosen can be reached at JRosen@affiliatedmonitors.com

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

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

•       Jonathan Armstrong –our UK colleague is an experienced data privacy/protection lawyer with Cordery in London. Armstrong can be reached at jonathan.armstrong@corderycompliance.com

•       Jonathan Marks is Partner, Firm Practice Leader – Global Forensic, Compliance & Integrity Services at Baker Tilly. Marks can be reached at jonathan.marks@bakertilly.com

The host and producer, ranter (and sometime 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.

Categories
Daily Compliance News

September 27, 2022 the $900MM Edition

In today’s edition of Daily Compliance News:

  • Biogen is to pay $900MM for kickbacks. (WSJ)
  • The US sanctions the Bosnian prosecutor. (Barron’s)
  • TikTok may face $29MMf fine. (NYT)
  • Fireworks expected. (Reuters)
Categories
Innovation in Compliance

The Headless Brand with Connor Borrego

 

Connor Borrego is the Chief Executive Officer at Emergent Digital. He is an expert in data warehousing, artificial intelligence, and business applications, with over 10 years of experience in the digital marketing industry. “The highlight of my career was landing at Google, where I did a two-year stint coaching startups that have raised between $5 and $50 million on how to profitably use Google Ads to grow their business,” he tells Tom Fox. Currently, he is building a Web 3.0-powered productivity and growth marketing tool for content creators to help them fully own the value of their first-party data. He joins Tom on this week’s show to explore the world of NFTs, Web 3.0, what it means for business professionals, and how Emergent Digital handles the changing technological landscape.  

 

 

What is Web 3.0 

Connor explains that Web 3.0 is the next iteration of the internet and online technologies. To fully understand Web 3.0, you should first understand Web 1.0 and 2.0, he tells Tom. Web 1.0 is the ‘read and post internet’: only the tech-savvy could have a website or app with minimum functionality that other users could access. Web 2.0 is ‘the social Internet’, with the emergence of social media platforms and cloud-driven technology that make it easier for internet users to create content and tools for other users. Web 3.0, Connor remarks, is “focused on a user-owned internet … if we provide users with a standard socket to encrypt and hold their data, they can plug it into any application or website they use, giving them privacy and protection… without losing the functionality of today’s modern technologies.”

 

The Role of Emergent Digital

Tom asks how Emergent Digital ties these together for the content creator. Connor explains that Emergent Digital is a marketing agency that is prepared for the shift to Web 3.0. He says that if you are a brand or artist that is interested in making NFTs, Emergent Digital can provide web or application development and digital marketing. UniPro, their software tool currently under development, is going to be the cryptocurrency wallet that would host their first-party data to allow the user to plug it into additional applications. First-party data, he explains, is data a company keeps about its own operations. He contrasts this with third-party data and comments on the privacy issues arising from third-party data.

 

Driving Stakeholder Engagement

“An integrated metaverse can drive stakeholder engagement,” Tom remarks. He and Connor discuss the idea of a headless brand. He says, “It’s the idea that someone’s putting an image, a brand aesthetic as well as values out there and creating a community of stakeholders around that concept, and giving them ownership in the development of that brand and the use cases and application of that brand.” This has the potential to amplify the voice of customers and brand advocates, ultimately improving the company’s image and market share. 

 

Tom asks how he helps creatives develop a long-term strategy. Connor explains that it starts with his first-party data strategy paired with paid advertising analytics. Creators often give digital products away for free, usually in the form of an image, video, or audio clip. The company has an efficient, non-invasive method using their proprietary tool that raises valuable engagement from the customer on behalf of the creative. “We are working to build your first-party data because all of that … data is useful to analyze what … content on your site is driving the most performance… allowing you to double down where your success is. At the same time, each level you achieve increases the probability that you’re making money on your advertising investment, which is the ultimate goal.” Connor explains.

 

Resources

Connor Borrego | LinkedIn |  Emergent Digital 

UniPr0.com

 

Categories
The Ethics Experts

Episode 133 – JoQuese Satterwhite

In this episode of The Ethics Experts, Nick welcomes JoQuese Satterwhite, MBA, DHA. JoQuese has been with Medtronic for 14 years and is currently the Chief of Staff and the Sr. Director of Global Compliance Programs & Governance. In these roles she is responsible for the overall global programming and governance aspects for the Office of Ethics & Compliance.

Categories
All Things Investigations

All Things Investigations: Episode 12 – The Monaco Memo with Laura Perkins

 

Welcome to the Hughes Hubbard Anti-Corruption and Internal Investigations Practice Group’s Podcast, All Things Investigations. In this podcast, host Tom Fox and returning guest Laura Perkins of the Hughes Hubbard Anti-Corruption & Internal Investigations Practice Group highlight some of the key legal issues in white-collar investigations, locally and internationally.

 

 

Laura Perkins is a Hughes Hubbard partner whose practice focuses on representing clients in Foreign Corrupt Practices Act and white-collar criminal investigations, including government enforcement actions and compliance counseling. She also advises clients on issues related to the FCPA, the federal securities laws, the False Claims Act, and other federal statutes.

Key areas we explain on this podcast are:

  • How the Monaco Memo instructs prosecutors to evaluate the prosecution of individuals responsible for corporate crime.
  • The Monaco Memo is guiding prosecutors to charge more foreign individuals as opposed to less.
  • Steps a company can take to show timeliness to the DOJ.
  • The Memo underscores the DOJ’s desire for companies to self-report misconduct that they become aware of.
  • Previously, in determining whether a monitorship was appropriate, prosecutors would look at what state your compliance program was in at the time of resolution.
  • The importance of clear communication in understanding the DOJ’s expectations.

Resources

Hughes Hubbard & Reed website 

Laura Perkins on LinkedIn

 

The Hughes Hubbard & Reed website has been updated with the following Anti-Corruption & Internal Investigations advisory:

Cutting Through the Noise: Take‑Aways from the DOJ’s Recent Announcements Regarding Corporate Criminal Enforcement

On September 15, 2022, Deputy Attorney General Lisa Monaco announced a series of policy revisions to the U.S. Department of Justice’s approach to criminal enforcement actions against corporations. At a high level, these new policy revisions show the Department’s desire to take an approach to criminal enforcement that targets the individuals directly responsible for corporate misconduct and encourages companies to assist in preventing misconduct by creating effective compliance programs and cultures. Companies should carefully review these policy changes and identify steps they can take to put themselves in the best position possible should they be subject to a criminal investigation in the future. 

For our discussion about these developments, follow this link to our website.

Practice Co-Chair Laura Perkins will cover this topic in-depth in an All Things Investigations podcast, which will be released on Monday, Sept. 26.

Categories
The ESG Report

ESG and The Circular Economy with Keith Deinert

Tom Fox welcomes Keith Deinert to this episode of the ESG Report. Keith is the Global Program Manager at Jabil, a company that provides product design, manufacturing, and logistics to customers, as well as reverse supply chain strategies. In this brief conversation, they talk about scope three emissions, define the circular economy, and discuss how these topics all relate to ESG.  

 

 

Scope Three Emissions 

Tom asks Keith to start off by defining scope three emissions. “It’s probably easier to say what they’re not than what they are,” Keith quips. He begins by defining scope one and two emissions: scope one being the emissions that we emit ourselves, such as greenhouse gasses, and scope two being the actual energy we consume. Scope three is everything else. “[They’re] tied to the emissions from the commodities and the materials that we bring in to make the products,” Keith tells Tom. Scope three is the use of the product and the transportation involved, and its final disposition. 

 

The Circular Economy 

The Circular Economy sits on top and is the governing principle that drives a lot of sustainability initiatives. “It’s designing eco-friendly products in the beginning, it’s maximizing their useful life at their highest values…and then to regenerate natural systems,” Keith explains. In a circular economy, you’re building a product so that it can be reused. By doing so, you don’t have to extract as much material from the earth to create new products, and you’re actually avoiding driving up emissions in the ecosystem. Keith adds that companies are now adopting this mindset because their customers are more eco-conscious. “It’s not just something that’s a feel-good service anymore. Companies are looking at this proactively,” he stresses. 

 

Business Driven Approach

Tom asks Keith if he’s seen a business-driven approach to both ESG and the circular economy and to elaborate. “It starts with the customer,” Keith begins. Consumers are more aware of which companies are trying to do the right thing when it comes to being environmentally conscious. Companies that want to create products or devices then come to Jabil as their manufacturers for help in making greener products. “What companies that we engage with are really good at is understanding the marketplace and their consumers,” Keith explains. “And they’re relying on us to be the experts on how to deliver these goals and these objectives into a manufactured product that meets that consumer’s [need],” he adds. When the customer demands more eco-friendly products, it drives the businesses to comply in order to be vendors of their desired consumer targets. This, in turn, drives business profit, and companies are taking notice. Keith cautions that while this approach is currently optional,  it will become mandatory just to be in the business game. 

 

Resources

Keith Deinert | LinkedIn 

Jabil