In today’s edition of Daily Compliance News:
Author: admin
Welcome to the newest addition to the Compliance Podcast Network, Compliance and Coronavirus. As the Voice of Compliance, I wanted to start a podcast which will help to bring both clarity and sanity to the compliance practitioner and compliance profession during this worldwide health and healthcare crisis. In this episode, I am joined by Eden Gillott, President at Gillott Communications, a crisis communication boutique firm. Eden visits with us about some of the top issues in corporate communications during this time of the coronavirus health crisis. We also look at the economic dislocation and what companies need to be thinking about around their communications looking into business reopening’s and into Q3 and Q4, 2020.
For more information on Gillott Communications check out their website here. Eden also has some great resources for the business executive, legal professional and Board of Director in the following books:
A Business Owner’s Guide to Crisis PR
A Board Member’s Guide to Crisis PR
A Lawyer’s Guide to Crisis PR
Lisa Ventura is the Practice Lead in the Partnering Against Corruption Initiative (PACI) with the World Economic Forum, and this week’s guest. For over 6 years, she has worked with the Forum, focusing on business, human rights, and combining profit with purpose. She joins Vince Walden to discuss how the Forum deals with global corruption and promotes integrity.
The World Economic Forum is an international organization for private-public cooperation whose goal is to bring businesses, governments, and civil societies together to address a wide array of issues. PACI is a platform in the global anti-corruption arena that puts emphasis on public-private cooperation, responsible leadership, and technological advances. Their agenda is to leverage the tone from the top to change how companies operate and build a corporate culture of ethics and integrity.
There are four pillars of the agenda for business integrity: commitment to ethics and integrity beyond compliance; the strengthening of corporate culture and incentives to drive continuous learning and improvements; the leveraging of technologies to reduce the scope of corruption; and the supporting of collective action to increase scale and impact.
Global corruption levels are expected to rise as a result of the rising pressure caused by the pandemic. Lisa recommends appointing leaders who think of integrity as essential as a way to combat it.
Resources
Lisa Ventura on LinkedIn | Twitter
WEForum.org
https://www.weforum.org/communities/partnering-against-corruption-initiative
https://www.weforum.org/communities/global-future-council-on-transparency-and-anti-corruption
Agenda for Business Integrity – http://www3.weforum.org/docs/WEF_GFC_Overview_Agenda_for_Business_Integrity.pdf
Hacking Corruption in the digital era: http://www3.weforum.org/docs/WEF_GFC_on_Transparency_and_AC_Agenda_for_Business_Integrity_pillar_3_2020.pdf
Richard Lummis and Tom Fox begin a five-part series on leadership lessons from Theodore Roosevelt. We will look at lessons from Roosevelt’s early years in New York up to his cowboying days in Montana; the second phase of his public career, from NYC Police Commission to Assistant Secretary of the Navy, San Juan Hill and the Vice Presidency; his leadership from his Presidency; his life in the post-Presidency and the election of 1912 and we will end with leadership lessons from his post Bull Moose Party life, World War I and event surrounding his death. In this first episode, we consider the leadership lessons learned by Roosevelt from his parents, his sickly childhood, initial forays into public life, widowhood and cowboying in Montana.
Highlights of this podcast include:
Roosevelt’s parents, his upbringing, education and early book publishing. Roosevelt’s widowhood in his early 20s and his election to the New York State Assembly. From the Presidential election of 1884, up to his cowboying in Dakota. We conclude with three key leadership lessons, including 1. The beginning of his lifelong learning; 2. How he came to view merit, not privilege as the key to advancement, and 3. How hard work is required to be a great leader.
Resources
Doris Kearns Goodwin’s 10 Leadership Lessons from the White House
6 Leadership Hacks From The Rise of Theodore Roosevelt
10 top Leadership Principles of Teddy Roosevelt
The Roosevelts: Eight presidential lessons in leadership
Lessons in Leadership from 100 years ago
Theodore Roosevelt on Leadership
10 Theodore Roosevelt Leadership Lessons
Is your hotline working for you? In an article, entitled “Promoting Effective Use of the Company Compliance Hotline”, José Tabuena provided an excellent example of the power of a hotline. He provided a case study of a company which had not integrated its IT function into its regular compliance and ethics training programs. As such there were zero calls into the hotline by IT employees. This dynamic was changed and IT was integrated into the company’s regular compliance and ethics training. Thereafter, the hotline received several calls from IT employees indicating where there were two major areas of complaints. The first area regarded family members who were hired and perceptions of favoritism. The second related to allegations that certain managers were manipulating data to maximize their bonuses.
This case study demonstrates the power of a hotline. The company’s Compliance Department “established the credibility of the helpline as a resource to raise issues and report misconduct. The concerns regarding nepotism and conflicts of interest were taken seriously, and although the violations were not as widespread as the calls indicated, the review went a long way to clear the air.” Equally important, the helpline proved to be a successful management tool as well. The company was able to manage potential compliance issues and improve employee morale.
Three key takeaways:
- Hotlines can be powerful tools for the compliance professional.
- Simply because you have no hotline complaints does not mean you do not have any compliance or ethics issues which need review and resolution.
- Adequate follow up is a key part of overall hotline effectiveness.
Welcome to the newest addition to the Compliance Podcast Network, Compliance and Coronavirus. As the Voice of Compliance, I wanted to start a podcast which will help to bring both clarity and sanity to the compliance practitioner and compliance profession during this worldwide health and healthcare crisis. In this episode, I am joined by James Green, Director of Risk Management Services at SAI Global. Green is a risk management professional who looks through issues and events such as the current health crisis and economic dislocation through the eyes of risk and risk management.
For more information, check out the resources SAI Global has made available on its website, by clicking here.
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. This past weekend saw some of the largest protests and violence this country has seen in 50+ years in the wake of the killing of George Floyd. In a very somber episode, in this podcast Matt Kelly and Tom Fox try to make some sense of leadership responses to the protests over the Floyd killing and explore if there is a compliance-based approach to remedying the institutional racism which led to his killing.
Resources
A good general summary of anti-racism resources:
https://docs.google.com/document/d/1BRlF2_zhNe86SGgHa6-VlBO-QgirITwCTugSfKie5Fs/preview?pru=AAABcnb5mB8*DxXs7K_umbRHlS1kzEln3g
A website that gives you specific bail funds for your city: The Bail Project, a nonprofit that aims to mitigate incarceration rates through bail reform.
https://bailproject.org
Other places to donate:
- Black Visions Collective, a black, trans, and queer-led social justice organization and legal fund based in Minneapolis-St. Paul.
https://www.blackvisionsmn.org/about
- The Minnesota Freedom Fund, which pays criminal and immigration bail and bond for people who cannot afford it.
https://minnesotafreedomfund.org/bailbondfaq
- The Brooklyn Bail Fund, which helps pay bail for those who cannot afford it.
https://brooklynbailfund.org/donation-form
- The NAACP Legal Defense Fund, which supports racial justice through advocacy, litigation, and education.
https://www.naacpldf.org/about-us/
- Communities United Against Police Brutality, which operates a crisis hotline where people can report abuse; offers legal, medical, and psychological resource referrals; and engages in political action against police brutality.
https://www.cuapb.org/what_we_do
- Northstar Health Collective, a St. Paul–based organization that provides health services and support at protests.
https://northstarhealth.wordpress.com/about-us/
- The ACLU, which provides legal services and support for a broad range of people with civil rights complaints.
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 Ryan Rabalais, currently an Ethics and Compliance Officer at Bechtel Oil, Gas & Chemicals. Rabalais has been Vice President and CCO at both Rowan Companies and Paragon Offshore.
Ryan Rabalais has over two decades of legal and compliance experience in the oil and gas sector, including being a Vice President & Chief Compliance Officer for two different companies with global operations. Ryan has a history of providing practical solutions to the business and managing overall corporate and regulatory compliance programs. His compliance experience includes a particular focus on anti-corruption, sanctions, trade controls and US anti-boycott, with reporting responsibilities to senior management and the Board of Directors of large, publicly traded companies.
In this first episode, we discuss how Ryan started his journey to the CCO chair. Ryan has one of the most unique journeys to the CCO role. He joined the Marine Corp out of high school. He then went to college and law school. In 2003, while still in law school he answered an ad for a Spanish speaking law clerk at Baker Hughes. That started him down the road to work Baker Hughes through its FCPA enforcement action, DPA and monitorship. From their he moved to the other compliance positions at other companies culminating in the CCO chair.
Welcome to the newest addition to the Compliance Podcast Network, Compliance and Coronavirus. As the Voice of Compliance, I wanted to start a podcast which will help to bring both clarity and sanity to the compliance practitioner and compliance profession during this worldwide health and healthcare crisis. In this episode, I am joined by David Wolf, As the founder and CEO of Audivita Studios, where he shares his years of experience to help business professionals, organizations, authors, speakers and thought leaders “Connect Your Voice to the World” to grow your brand and platform with podcasting and audiobooks. Wolf joins the podcast to discuss how, in today’s health crisis and economic dislocation do both of these offerings help communicate ideas and concepts in the business world.
For more information on David Wolf or Audivita Studios, check out there website here.
