Categories
Compliance Into the Weeds

Compliance into the Weeds: Navigating Return to Office Policies and Corporate Speak Up Culture

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. Are you looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds! In this Compliance into the Weeds episode, Tom Fox and Matt Kelly delve into JP Morgan Chase’s treatment of employees who commented on the bank’s Return to the Office policy.

JP Morgan’s recent decision to require employees to be back in the office five days a week caused the bank to disable employee comments on the internal announcement, citing backlash. Tom and Matt explore the implications this has on workplace respect, speak-up culture, and employee morale, juxtaposed with the compliance officer’s role in measuring and maintaining corporate culture. They also detail how these corporate policies might reflect broader trust issues and potential fallout from a discontented workforce.

Additionally, the episode revisits Meta’s (formerly Facebook) recent rollback on DEI initiatives and its promotion of a more ‘freewheeling’ speech environment, considering the ethical and compliance ramifications of such a culture shift. The hosts compare these actions to other reported corporate behaviors that may undermine workplace respect and discuss the fragile balance a Chief Compliance Officer must maintain in fostering a fair and open workplace compliant with evolving societal norms and internal policies.

Key highlights:

  • JP Morgan’s Return to Office Policy
  • Employee Reactions and Speak Up Culture
  • Ethics and Compliance Implications
  • Workplace Respect and Culture
  • Meta’s Policy Changes and Corporate Culture

Resources:

Matt in Radical Compliance

Tom

Instagram

Facebook

YouTube

Twitter

LinkedIn

Categories
Daily Compliance News

Daily Compliance News: January 15, 2025 – The Corruption is Back 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 in 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.

Top stories include:

  • The UK Minister resigned over the corruption investigation in Bangladesh. (Reuters)
  • US Rep introduces domestic ABC bill. (Des Moines Register)
  • Menendez’s wife loses bid to delay trial. (NY Post)
  • Pope Francis on Vatican bribery and corruption. (CNN)

For more information on the Ethico Toolkit for Middle Managers, available at no charge, click here.

Check out The FCPA Survival Guide on Amazon.com.

Categories
Great Women in Compliance

Great Women in Compliance – Catherine Razzano on Leading with Passion

In this week’s episode, Hemma visits Catherine Razzano, a veteran legal and compliance expert and Head of Global Legal Compliance at social media giant TikTok.

Learn about Catherine’s transition from private practice to in-house compliance work as she shares her journey from a prestigious clerkship and partnership track in Big Law with an FCPA and white-collar practice to leading in-house compliance teams at General Dynamics, Panasonic, and TikTok. Hemma asked Catherine about the challenges and benefits of working under a monitorship, with Catherine emphasizing the importance of relationship building and trust. Catherine also shared her experiences leading teams under scrutiny and pressure, including during the pandemic and at TikTok.

Catherine discusses the source of her firm commitment to mentoring and sponsoring the next generation of ethics and compliance leaders. Tune in to hear inspiring insights on the importance of intentionality and finding your passion when navigating transitions as we enter the second quarter of the century in 2025.

Highlights include:

  • Managing compliance teams under scrutiny and pressure
  • Culture-building in global organizations
  • Navigating different industries as a compliance professional
  • Following your passion for career growth and transitions
  • The importance of mentoring and sponsorship

Biography:

Catherine Razzano is the Head of Legal Compliance at TikTok, the social media giant where she leads a global team of compliance professionals. She joined TikTok from Panasonic Avionics Corp., where she was hired in 2018 to help the company strengthen its compliance systems while under independent oversight following an investigation into violations of U.S. antibribery law. Before Panasonic, Catherine was an Associate General Counsel and Director of International Law & Compliance at General Dynamics after leaving her white-collar criminal practice at prestigious law firms, Cadwalader Wickersham and Taft and Clifford Chance, LLP, and serving as Judicial Law Clerk to the Honorable John M. Facciola in the United States District Court for the District of Columbia

Thanks, as always, to our sponsor, Corporate Compliance Insights, and our wonderful #GWIC community. You can join the Great Women in Compliance community on LinkedIn here.

Categories
Blog

Climbing the Jungle Gym: Embracing Lateral Career Moves

In compliance, we often view career advancement as a ladder, a relentless climb toward greater authority, higher compensation, and more significant responsibilities. But what if the path to long-term success is not a straight ascent? Instead, what if it is more like a jungle gym, offering opportunities to move sideways or even down temporarily to reach greater heights in the future?

The phrase “careers are a jungle gym, not a ladder,” attributed to journalist Pattie Sellers and popularized by Sheryl Sandberg, offers a refreshing perspective. Adopting this mindset can be transformative for compliance professionals, as well as for both individual growth and organizational resilience. Interestingly, the Department of Justice evaluates the mobility of compliance professionals within an organization. Brian Elliott looked at this phenomenon in a recent MIT Sloan Management Review article entitled When Moving Sideways Makes Sense.

Why Compliance Professionals Feel Stuck 

In today’s job market, many professionals find themselves in a rut. The slowdown in promotions and a stabilizing economy have left employees feeling stagnant. While layoffs have not accelerated, promotions have plateaued, and opportunities for upward mobility seem limited. Rising burnout rates compound this reality. For compliance professionals managing the “do more with less” mantra, the grind of repeating the same tasks without growth opportunities can lead to disengagement.

So, what’s the solution? It may not be looking outside your organization but exploring new opportunities within. Lateral moves, whether to a different team, project, or function, can offer a much-needed change of pace, a chance to build new skills, and a renewed sense of purpose.

Recognizing When It’s Time to Move Laterally

Knowing when to consider a lateral move is critical. Here are some signals:

  1. Lack of Learning Opportunities. If you have mastered your current role and no longer feel challenged, it is time to look for something new.
  2. Misalignment with Leadership or Team. A poor fit with your manager or team can make work a struggle. Moving to a different group can offer a fresh start.
  3. Desire for Skill Development. If your long-term career goals require expertise, you can’t gain it in your current role, so a lateral move could help you bridge the gap.
  4. Burnout or Low Engagement. When work feels monotonous, a change of scenery, even within the same company, can re-energize you.

For compliance professionals, these factors often align with organizational needs. Expanding your skill set or shifting to a new area within compliance—such as data privacy, ESG reporting, or third-party risk management—can position you as a more valuable asset and expand your personal brand while keeping you engaged.

The Challenges of Lateral Moves

Despite their benefits, lateral moves come with risks. They may involve stepping down in authority, accepting stagnant compensation, or facing initial performance challenges in an unfamiliar area. These risks can be daunting in compliance, where professionals are often judged by their titles, responsibilities, and influence.

However, the rewards often outweigh the risks. Moving laterally can expand your network, broaden your expertise, and prepare you for leadership roles that demand cross-functional knowledge. These moves can be especially valuable in compliance, where adaptability and breadth of expertise are prized.

Building a Culture of Internal Mobility

For organizations, encouraging lateral mobility is not just an employee retention strategy but a business imperative. Companies like Google and Synchrony have recognized the value of internal mobility, implementing programs that make it easier for employees to explore new opportunities within the company. These initiatives reduce burnout, foster innovation, and build a pipeline of well-rounded leaders.

Yet many organizations lack the infrastructure to support lateral moves. Performance metrics and compensation structures often reward upward mobility, while managers may resist losing top talent to other teams. To overcome these barriers, compliance leaders can champion internal mobility by creating formal programs to develop frameworks for lateral moves, including short-term assignments or rotations, to encourage cross-functional collaboration. Another tactic might be to recognize lateral successes within your organization. Finally, train your middle managers on the benefits of internal mobility and encourage them to support their team members’ growth.

How Compliance Professionals Can Navigate Lateral Moves

If you are a compliance professional considering a lateral move, here are some strategies to ensure success:

  1. Identify Allies and Sponsors. Building relationships with leaders who can advocate for you is critical. Sponsors can provide guidance, open doors, and reduce the risks of making a significant change.
  2. Communicate Your Goals. Be transparent about your desire to grow and learn. This helps managers and mentors understand how they can support your development.
  3. Invest in Learning. Pair a lateral move with external learning opportunities, such as certifications or professional development courses, to enhance your value.
  4. Stay Open to Short-Term Setbacks. Accept that a lateral move might not yield immediate rewards. Focus on the long-term benefits, such as skill acquisition and expanded career options.

Why Lateral Moves Matter for Compliance 

Compliance professionals operate in a dynamic environment where regulations, risks, and business priorities constantly evolve. Lateral moves can equip you with the diverse experiences needed to navigate this complexity. Consider that a move from investigations to training can deepen your understanding of preventative measures; shifting from a regional role to a global one can enhance your perspective on cultural and regulatory nuances; or transitioning from compliance to a related function, like internal audit or legal, can broaden your strategic insights. These experiences make you a more effective compliance professional and prepare you for leadership roles where cross-functional expertise is essential. Never forget the Brand of You.

Final Thoughts: The Jungle Gym Advantage 

In the compliance field, careers are not linear. Embracing the jungle gym approach can help you stay engaged, continuously learn, and build the skills needed for long-term success. For organizations, fostering a culture of internal mobility is a strategic advantage, enabling you to retain talent, drive innovation, and develop future leaders.

So, the next time you feel stuck, consider a lateral move. It might just be the step you need, not up but across, to achieve your goals and elevate your career in compliance.

Categories
31 Days to More Effective Compliance Programs

31 Days to a More Effective Compliance Program: Day 14 – Internal Controls

Welcome to a special podcast series on the Compliance Podcast Network, 31 Days to a More Effective Compliance Program. Over these 31 days of the series in January 2025, Tom Fox will post a key part of a best practices compliance program daily. By the end of January, you will have enough information to create, design, or enhance a compliance program. Each podcast will be short, at 6-8 minutes, and will include three key takeaways you can implement at little or no cost to help update your compliance program. I hope you will join us each day in January for this exploration of best practices in compliance.

Today, the focus is on internal controls and their critical role in compliance frameworks. The episode provides a comprehensive definition of internal controls, emphasizing their importance for achieving operational efficiency, reliable financial reporting, compliance with laws and policies, and the reduction of risks such as fraud and waste. The discussion highlights the requirements outlined in the FCPA for internal controls, including the authorization and documentation of transactions and the protection and accountability of assets. Moreover, four significant internal controls for compliance practitioners are identified: delegation of authority, maintenance of the vendor master file, contracts with third parties, and management of cash and currency transfers. The episode underscores that effective internal controls are essential and mandated by the FCPA, forming a cornerstone of any robust compliance program.

Key highlights:

  • Defining Internal Controls
  • Key Components of Internal Controls
  • Internal Controls in Compliance Programs

Resources:

Listeners to this podcast can receive a 20% discount on The Compliance Handbook, 5th edition, by clicking here.

Categories
Daily Compliance News

Daily Compliance News: January 14, 2025 – The RTO Compliance 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 in 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.

Top stories include:

  • Using AI as an excuse for ‘cost avoidance.’ (WSJ)
  • Crypto’s compliance conundrum. (CoinDesk)
  • Has corporate purpose lost its purpose? (FT)
  • Return To Office compliance. (Bloomberg)

For more information on the Ethico Toolkit for Middle Managers, available at no charge, click here.

Check out The FCPA Survival Guide on Amazon.com.

Categories
Word of the Week

Word of the Week – Maximum

Each week, Kenneth O’Neal discusses a word that describes a principle or value of the Qualities of Success. We suggest you use the Word of The Week in your thoughts, deeds, and actions. You might possess the quality and desire to develop it to a higher level.  You could replace a bad habit with a good habit. Write an action step and use it daily to develop the Quality in your life. In this episode, Kenneth discusses the word Maximum.

Kenneth discusses this week’s ‘Word of the Week’—Maximum and encourages listeners to incorporate it into their lives. He discusses the importance of words and deeds in achieving a positive mindset, referencing historical examples such as post-WWII Japan and Leonardo da Vinci to demonstrate the power of striving toward maximum potential. Kenneth shares practical tips for mental, spiritual, and physical well-being, emphasizing aligning actions with beliefs and values. He highlights the importance of guidance from a higher power and announces upcoming opportunities for further engagement with the community.

Key highlights:

  • Embracing Maximum Potential
  • Historical Examples of Maximum Effort
  • Personal Goals and Maximum Life

Resources:

KRONEAL Consulting

Categories
Innovation in Compliance

Innovation in Compliance: Todd Haugh on Ethical Decision Making in the Workplace: Beyond Financial Incentives

Innovation comes in many areas, and compliance professionals must be ready for and embrace it. Join Tom Fox, the Voice of Compliance, as he visits with top innovative minds, thinkers, and creators in the award-winning Innovation in Compliance podcast. In this episode, host Tom Fox visits with Todd Haugh, Associate Professor of Business Law and Ethics at the IU Kelley School of Business, Arthur M. Weimer Faculty Fellow in Business Law Board Member and Jesse Fine Fellow, The Poynter Center for the Study of Ethics, and American Institutions Director of the Institute for Corporate Governance and Ethics.

Tom and Todd have too much fun, deep-diving into the intricate relationship between missed bonuses and ethical decision-making in a corporate environment. They discuss how unmet expectations around bonuses can lead to the rationalization of unethical or illegal behavior by employees. They emphasize the importance of managers understanding the broader implications beyond economic incentives, as ignoring these psychological factors can introduce significant risks to an organization. They also talk about the Institute for Corporate Governance and Ethics. Tune in to hear two top commentators talk about financial and other incentives in compliance and how these dynamics can affect overall corporate compliance. Learn strategies to mitigate associated risks.

  • Understanding Behavioral Ethics in Business
  • Impact of Missed Bonuses on Ethical Decision Making
  • Rationalizing Unethical Behavior
  • Perception of Company Care
  • Potential for Unethical or Illegal Behavior
  • The Institute for Corporate Governance and Ethics

Resources:

Todd Haugh on LinkedIn

Indiana University-Kelley School of Business

Institute for Corporate Governance and Ethics

Todd Haugh at Kelley School of Business

Tom Fox

Instagram

Facebook

YouTube

Twitter

LinkedIn

Categories
Everything Compliance - Shout Outs and Rants

Everything Compliance Shout Out & Rants: Episode 147, The Welcome to 2025 Edition

Welcome to this edition of Everything Compliance, Shout Outs, and Rants. In this episode, Matt Kelly, Jonathan Armstrong, Karen Woody, and Karen Moore examine various issues for compliance professionals under the incoming administration.

  1. Jonathan Armstrong rants about Liz Truss trying to salvage her name through litigation.
  2. Karen Moore rants about Meta dropping its fact-checking and shouts out former President Jimmy Carter.
  3. Matt Kelly shouts out to Steve Guttenberg and all those Los Angelinos who assist during the ongoing fires.
  4. Karen Woody rants about the idiots denying climate change.
  5. Tom Fox shouts out to two brothers in arms: former Presidents Gerald Ford and Jimmy Carter.

The members of the Everything Compliance are:

Tom Fox, the Voice of Compliance, is the host, producer, and sometimes panelist of Everything Compliance. He can be reached at tfox@tfoxlaw.com. The award-winning Everything Compliance is part of the Compliance Podcast Network.

For more information on the Ethico Toolkit for Middle Managers, available at no charge, click here.

Categories
SBR - Authors' Podcast

SBR – Author’s Podcast – Exploring the Future of Work, Ethics, and Compliance with Kelly Monahan, Part 1

Welcome to the SBR – Author’s Podcast! Host Tom Fox visits with authors in the compliance arena and beyond in this Podcast Series. Today, Tom is joined by his good friend and colleague, Earnie Broughton (Earnie from Boerne), to visit with Dr. Kelly Monahan, co-author of the soon-to-be-released book Essential: How Distributed Teams, Generative AI, and Global Shifts Are Creating a New Human-Powered Leadership (Co-authored with Dr. Christie Smith) We three had such good fun that we went on for nearly an hour, so we have broken up the interview into two podcasts.

In today’s Part 1, Kelly delves into her academic and professional journey and how her experiences have shaped her focus on the intersection of technology and human development. The discussion centers on three macro trends affecting the future of work: generative AI, remote and hybrid work models, and the rise of the alternative workforce. Kelly elaborates on the ‘gray collar’ concept of workers, emphasizing the merging of physical labor with technology. She also highlights the importance of power skills, formerly known as soft skills, in navigating these transformations successfully.

Key highlights:

  • The Future of Work: Trends and Insights
  • AI and Its Impact on the Workforce
  • The Rise of the Gray Collar Workforce
  • Freelancers and Corporate Culture
  • Leadership Mindset and Workforce Engagement

Resources:

The Essential Website

Pre-Order: Essential: How Distributed Teams, Generative AI, and Global Shifts Are Creating a New Human-Powered Leadership on Amazon.com

Kelly Monahan on LinkedIn

Earnie Boughton on LinkedIn

Tom Fox

Instagram

Facebook

YouTube

Twitter

LinkedIn