Categories
Innovation in Compliance

Marketing for the Future with Paula Zirinsky


 
Paula Zirinsky is the co-founder and Chief Strategist of Structura Strategy Group, a company that specializes in marketing advice that helps companies build a strategic foundation. Tom Fox welcomes her to this week’s show to discuss the unintended effects of the pandemic within the workplace and how marketing benefits the company when the board takes it seriously. 
 

 
Mentor and Career Inspiration 
Paula calls Harold Dobbs the best boss she ever had. Dobbs was originally her mother’s eccentric boss who was the head of a liquor company, and he was very marketing and promotional oriented. He later opened a cooperative advertising business for liquor stores, where he gave her a job photocopying promotional flyers and putting them into envelopes. At the end of each workday, he thanked her for all the work she put in that day and how the company would not have existed without her help. As he was such an attentive boss who was passionate about his work, he instilled this enthusiasm for marketing and a strong work ethic in Paula and also demonstrated how to show appreciation for your employees. 
 
Unintended Effects of the Pandemic 
Tom asked Paula to explain some of the unintended effects of the pandemic. Paula explains due to the pandemic, companies introduced various wellness programs so that they could directly speak to their employees and stay in touch with people; they most likely would not have reached out to pre-pandemic. This simple task helped companies become aware of their employees’ needs, which is a positive effect of the pandemic. Another unintended effect is remote working and how it gave rise to new opportunities never seen before. As a result of the stay-at-home mandate, employees were forced to work from home, which allowed jobs to have access to a geographically dispersed talent base, which created jobs for people on a national and even international scale. 
 
The Benefits of Marketing 
Tom asks Paula how marketing impacts the board of directors of a public or private company. Paula explains that there are three main ways how marketing impacts the board. Firstly, “Marketing will enhance how the company, the board, and the executive team are seen and perceived. Marketing works with the branding purpose, vision, and mission of the company.” When the board accepts all marketing strategies designed to help, the company will flourish, as both clients and employees enjoy working with the company. She adds that marketing allows the company to look at their clients and see what they are missing and how to rectify it. Lastly, boards have to take into account the lack of diversity on their committees and the absence of marketing experts. According to a study done in 2019, the majority of Chief Marketing Officers are women. To have a successful company, there must be CMOs on the board, which will increase diversity in the workplace. 
 
Invest in Marketing
Paula urges companies to invest more of their company resources in marketing. She states, “Sales are about today and what you’re getting in marketing is about building for the future – the growth of your company and the future of your company.”
 
Resources
Paula Zirinsky | LinkedIn | Twitter 
Structura Strategy Group 
 

Categories
Daily Compliance News

May 10, 2022 the Did UK Gov Approve Bribes Edition


In today’s edition of Daily Compliance News:

  • China-Taiwan risk insurance. (WSJ)
  • Airbus defendants claim UK government approved bribe payments. (Bloomberg)
  • Is government investigation hurting US solar industry? (WaPo)
  • SEC extends comment period on climate Change risk reporting. (Reuters)
Categories
Compliance Week Conference Podcast

Josh Fitzhugh on How to Navigate International Sanctions


In this episode of the Compliance Week 2022 Preview Podcasts series, Josh will discuss some of his presentations at Compliance Week 2022, “How to Navigate International Sanctions.” Some of the issues he will discuss in this podcast, and his presentations are:

  • Hear directly from OFAC on compliance enforcement, trends, how OFAC is evaluating violations, and what results in enforcement actions;
  • How emerging international crime patterns and geopolitical concerns shape in-house counsel’s role in sanctions;
  • Best practices in due diligence of counterparties from the perspective of both practitioners and regulators;
  • How to assess the impact of criminal patterns on AML compliance.

In this first full compliance conference in over 2 years, I hope you can join me at Compliance Week 2022. This year’s event will be May 16-18 at the JW Marriott in Washington DC. The line-up of this year’s event is first-rate, with some of the top ethics and compliance practitioners around.
Gain insights and make connections at the industry’s premier cross-industry national compliance event offering knowledge-packed, accredited sessions and take-home advice from the most influential leaders in the compliance community. Back for its 17th year, compliance, ethics, legal, and audit professionals will gather face-to-face to benchmark best practices and gain the latest tactics and strategies to enhance compliance programs. And many others to:

  • Network with your peers, including C-suite executives, legal professionals, HR leaders, and ethics and compliance visionaries.
  • Hear from 75+ respected cross-industry practitioners who are CEOs, CCOs, regulators, federal officials, and practitioners to help inform and shape the strategic direction of your enterprise risk management program.
  • Hear directly from the two SEC Commissioners, gain insights into the agency’s enforcement areas, and walk away with guidance on remaining compliant within emerging areas such as ESG disclosure, third-party risk management, cybersecurity, cryptocurrency, etc.
  • Bring actionable takeaways back to your program from various session types, including ESG, Human Trafficking, Board obligations, and many others, to listen, learn and share.
  • The goal of Compliance Week is to arm you with information, strategy, and tactics to transform your organization and your career by connecting ethics to business performance through process augmentation and data visualization.

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, Compliance Week is offering a $200 discount on the registration price. Enter discount code TFLAW $200 OFF.

Categories
Compliance Week Conference Podcast

Spencer Preis on Navigating the Global Regulatory Environment

In this episode of the Compliance Week 2022 Preview Podcasts series, Spencer will discuss some of his presentations at Compliance Week 2022, “Navigating the Global Regulatory Environment.” Some of the issues he will discuss in this podcast, and his presentations are:

  • Driving compliance culture change across diverse geographies, functions, and teams
  • How global organizations can remain compliant within global areas with conflicting laws
  • Sharing data across borders
  • Setting up SOPs to remain compliant
  • Keeping up with changing requirement across the globe, including high-conflict areas (China, Russia, etc.), FCPA enforcement, EU development, etc.

In this first full compliance conference in over 2 years, I hope you can join me at Compliance Week 2022. This year’s event will be May 16-18 at the JW Marriott in Washington DC. The line-up of this year’s event is simply first rate with some of the top ethics and compliance practitioners around.

Gain insights and make connections at the industry’s premier cross-industry national compliance event offering knowledge-packed, accredited sessions and take-home advice from the most influential leaders in the compliance community. Back for its 17th year, compliance, ethics, legal, and audit professionals will gather face-to-face to benchmark best practices and gain the latest tactics and strategies to enhance compliance programs. and many others to:

  • Network with your peers, including C-suite executives, legal professionals, HR leaders and ethics and compliance visionaries.
  • Hear from 75+ respected cross-industry practitioners who are CEOs, CCOs, regulators, federal officials, and practitioners to help inform and shape the strategic direction of your enterprise risk management program.
  • Hear directly from the two SEC Commissioners and gain insights into the agency’s areas of enforcement and walk away with guidance on how to remain compliant within emerging areas such as ESG disclosure, third-party risk management, cybersecurity, cryptocurrency and more.
  • Bring actionable takeaways back to your program from various session types including ESG, Human Trafficking, Board obligations and many others for you to listen to, learn and share compliance Week aims is to arm you with information, strat,egy, and tactics to transform your organization and your career by connecting ethics to business performance through process augmentation and data visualization.

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, Compliance Week is offering a $200 discount off the registration price. Enter discount code discount code TFLAW $200 OFF.

Categories
The ESG Report

The Uses of an ESG Culture Assessment with Jay Rosen


 
Tom Fox is chatting with Jay Rosen in this week’s ESG Report. They discuss the critical factors involved in aligning your company culture with your ESG strategy.  
 

 
What is Culture? 
ESG considerations have been taking center stage and are now critical for sustainable success. However, a key area organizations may overlook when planning their ESG strategy is culture, which refers to the way things get done within an organization, comprising norms, beliefs, and behaviors that determine how people show up at work. 
 
How to Shift Company Culture 
“Getting culture right is essential for any successful transformation,” Jay says. Investing heavily in ESG-friendly structures, workforce strategies, and governance models only do so much, but the real change lies in educating the company around the goals of ESG, aligning hearts and minds. 
Jay points out that few people are prepared to alter their attitudes and beliefs simply because senior management tells them they should. Leaders are therefore required to give people a say in culture change and make it clear to everyone in the organization why the change matters, and how it allows them to meet consumer and societal needs better. 
 
What Makes Up the Right ESG Culture? 
If a company says they’re all about ESG, then they need to show it. Internal company policies, processes, and cultures must align with their external communications. Correct behaviors can include things as little as carrying a reusable water bottle, using public transport, or avoiding unnecessary printing; these can all enhance your credibility as a leader of an ESG program. “Any sustainable change starts with a culture and mindset shift,” Jay tells Tom. 
 
RESOURCES 
Tom Fox’s email
Jay Rosen | LinkedIn
 

Categories
FCPA Compliance Report

Dave Lefort on Compliance Week 2022


In this episode of the FCPA Compliance Report I visit with Dave Lefort, Managing Director at Compliance Week. We take a deep dive into the upcoming Compliance Week 2022 National Conference, detailing the Keynote speakers, panels, conversations and breakout sessions. If there is one compliance conference, you should attend Compliance Week 2022 is it. Listeners to the podcast can get a special discount to the conference of $200 with the discount code TFLAW $200 OFF. Registration and agenda here. If you want more details on why should you attend Compliance Week 2022? Find out in this podcast series featuring speakers at CW 2022.

Categories
Daily Compliance News

May 9, 2022 the Business Travel Rebounds Edition


In today’s edition of Daily Compliance News:
·      A Virtual currency put on sanctions list. (WSJ)
·      Business travel rebounds. (Bloomberg)
·      Feds move to seize Armenian politician mansion in LA.  (LATimes)
·      Twitter shareholders sue to stop Musk purchase.  (Reuters)

Categories
Sunday Book Review

May 8, 2022 the Mother’s Day edition


In today’s edition of Sunday Book Review:

  • Beloved by Toni Morrison
  • Medea and Her Children by Ludmila Ulitskaya
  • The Caucasian Chalk Circle by Bertolt Brecht
  • Anna Karenina by Leo Tolstoy
Categories
Popcorn and Compliance

MCU Series – Spiderman Homecoming


In this podcast series, two complete MCU fans, Tom Fox, founder of the Compliance Podcast Network, and Megan Dougherty, co-founder of One Stone Creative, indulge in a passion for all things in the Marvel Cinematic Universe by re-watching each movie and then podcasting on every movie in the MCU. If you want to indulge in your love for the MCU with two fans passionate about all things MCU, this is the podcast series for you. For this offering, we consider MCU Series – Spiderman-Homecoming.
Some of the highlights include:
Ø  The story synopsis.
Ø  What are the key plot points?
Ø  What were some of our favorite cookies?
Ø  How does this movie fit into the overall MCU?
Ø  How is this movie an homage to prior non-MCU movies?
**Next up in our series Dr. Strange**

Categories
Daily Compliance News

May 7, 2022 the Useless Meetings Edition


In today’s edition of Daily Compliance News:

  • Avoiding useless meetings. (WSJ)
  • Baseball or imports in Oakland? (WSJ)
  • Do you want an engaged CEO? (NYT)
  • Will CFIUS weigh in on Twitter sale? (Reuters)