Categories
Innovation in Compliance

Revolutionary Recruiting with Mary Ann Faremouth


Tom Fox met Mary Ann Faremouth at the National Speakers Association’s (NSA) Winter Conference. He was immediately enthralled with her passion for recruiting. Mary Ann is the founder and CEO of Faremouth & Company, a national recruiting and consulting firm. She also networks with a consortium of recruiters, sharing jobs and helping candidates. Mary Ann describes herself as a “holistic recruiter”: she looks at the whole person when placing candidates, as she believes this more human approach works best for these times. She chats with Tom about her book, Revolutionary Recruiting, and shares practical advice for job seekers as well as employers.

The Faremouth Method
Tom asks Mary Ann to describe the Faremouth Method. She explains that it is the 5-step process she uses to place candidates. These 5 steps are:

  • Know yourself: do an inventory of your skills and talents.
  • Ask better questions.
  • Step out of your comfort zone.
  • Take the time to do it right.
  • Be a hunter.

She says, “The Faremouth Method helps me really identify who that person is right now, what their purpose is, what their passions are, and that helps me align them with a position that’s gonna fit that.”
A Win-Win Approach
“…if we take the time to understand what their [candidates’] passions are, what their skills are, what their transferable skills are, we can place them in positions where the retention rate is a lot higher. Candidates are happier because they’re feeling a sense of purpose. The clients are happier because people aren’t leaving, and so it’s a win-win for everyone.” Mary Ann and Tom discuss why her holistic approach makes good business sense. Tom comments that Mary Ann brings not only her professionalism to the table, but also candidates and clients trust her advice. She responds that her motto is ‘Integrity Personified’, and that doing the right thing for everyone is one of her key values but it is also just good business. “If I make a good match, everybody’s happy,” she points out. “Then guess what happens? That client is gonna send me his vendors, that applicant is gonna send me his friends.”
Key Mistakes Employers Make
Revolutionary times such as these, require a revolutionary approach to recruiting, Mary Ann argues. In the new normal, both job seekers and employers have to be willing to think outside the box. Tom asks Mary Ann to outline the key mistakes employers make when they’re looking to hire a new employee. She responds that employers often have unreasonable demands and expectations. Going forward, they have to look realistically at the job and its requirements, and look for a candidate with those transferable skills, Mary Ann says. She shares some insights about the post-COVID job market. 
Another mistake employers make is that they don’t ask the right questions during interviews. She advocates asking more hypothetical questions so that employers can gauge the potential employee’s problem-solving skills, and if they have the right mindset to be part of the team. Mary Ann then shares some insightful and practical advice for listeners to prepare themselves for the future. Life is ultimately about relationships, she remarks. Ask yourself, What can I do in service of others? “Maybe this is the time for us to look at these worst of times being the best of times for us to improve and to learn what our skill set might be that we can refine to help make a contribution to the greater good,” Mary Ann comments.
Resources
Faremouth.com
Revolutionary Recruiting book on Amazon | Barnes and Noble
USA Daily Times
The Price of Business podcast

Categories
Daily Compliance News

June 2, 2020-the New DOJ Compliance Guidance edition


In today’s edition of Daily Compliance News:

Categories
FCPA Compliance Report

Kevin Abikoff and Aline Osorio on Distribution of Proceeds from ABC Enforcement Actions


In the Episode, I am joined by Kevin Abikoff, partner at Hughes Hubbard and Aline Osorio, International Specialist at the firm. The co-authored a very interesting article entitled “Corruption Settlements, Coronavirus And The Road Paved With Good Intentions”. The paper considered where should the proceeds of government enforcement activity be placed and who should get to decide. It was a fascinating topic that I have long considered and wanted to podcast on.
Some of the highlights include: 

  • What was the genesis of the paper “Corruption Settlements, Coronavirus And The Road Paved With Good Intentions”?
  • Where do funds collected in FCPA cases go in US?
  • Where do funds collected in anti-corruption actions in Brazil go?
  • What was the driving force behind Brazil dedicating monies from the Petrobras settlement to benefit education and the environment in Brazil?
  • What has the current government requested be changed?
  • Who should decide where fines and penalties go? Prosecutors? Executive Branch? Other elected officials? Non-elected officials?

You can download a copy of their white paper  Corruption Settlements, Coronavirus And The Road Paved With Good Intentions by clicking here.

Categories
Daily Compliance News

June 1, 2020-the OSHA Invisible edition


In today’s edition of Daily Compliance News:

  • CFTC gives guidance on how it calculates fines. (WSJ)
  • Worried about Covid-19 and Travel? Try a private jet. (NYT)
  • Is OSHA now invisible? (WaPo)
  • What is Due Diligence? (Houston Chronicle)
Categories
Sunday Book Review

May 31, 2020, the Texas (fiction) edition


In today’s edition of Sunday Book Review:

Categories
Daily Compliance News

May 30, 2020-the According to Phil edition


In today’s edition of Daily Compliance News:

  • Hong Kong companies told to toe the line. (FT)
  • The beginning of the end for HSBC? (FT)
  • Swiss prosecutors have to backdown on AML prosecution. (FT)
  • The leadership of Phil Jackson. (FT)
Categories
The Ethics Movement

The risk landscape of re-opening and Phase 2 of pandemic response

As the first phase of the pandemic response ends, countries around the world enter a period of phased re-opening. How can compliance teams uncover the risks that went unnoticed during the first phase, and what new risks do they face now? And what the heck is a “culture of override?” Join Tom and Philip on this episode of The Ethics Movement as they talk risk assessments, remote work, and all things risk.

Categories
This Week in FCPA

Episode 207 – the End of May edition


As May ends and June begins, Tom and Jay ask “will the  next month be any different for you?” Self-distancing Tom and Jay are back to consider some of the top compliance articles and stories which caught their collective eye this week.

  1. Andrew Weissmann says DOJ needs dedicated compliance resource. Dylan Tokar reports in WSJ Risk and Compliance Journal.
  2. What will the economic downturn mean for compliance departments and compliance budgets? Kristen Broughton reports in WSJ Risk and Compliance Journal.
  3. How does WFH trigger new compliance concerns? Lloydette Mai-Barrow in the FCPA Blog.
  4. Did OFAC create a giant compliance headache? Dick Cassin explores in the FCPA Blog.
  5. What steps can you take to refresh your whistleblower system? Lawyers from Wachtell Lipton opine in NYU’s Compliance and Enforcement Blog.
  6. When does cooperation become collusion? David Cross and Margaret Webb explore CCI.
  7. Five ideas for compliance officers in the new normal. Robert Biskup explains in CCI.
  8. Why is the Fraud Pentagon even more important in age of coronavirus? Jonathan Marks in Board and Fraud.
  9. What does Blue Bell mean for executive liability? Michael Peregrine and David Rosenbloom in Harvard Law School Forum on Corporate Governace.
  10. Interested in moving to the CCO chair? Check out my latest podcast series The Compliance Life where I interview one CCO type for a month on their journey to the CCO chair and beyond. In on this month’s edition I visit with Ellen Hunt, CCO at AARP. In this concluding Part 4, Hunt discusses what options are available to a CCO after leaving the CCO chair. Join me for the June series, which will feature Ryan Rabalais. The Compliance Life is now available on iTunes.
  11. On Compliance and Coronavirus this week: Julie Myers Wood data privacy in the time of Covid-19; Melissa Koch on platformizing compliance during in this health crisis; Mary Ann Faremouth joins me to discuss what you can do if you are economically disolcated. Compliance and Coronavirus is available on iTunes here.
  12. On the Compliance Podcast Network, this month topic: written standards; all on 31 Days to a More Effective Compliance Program. This week’s offerings: Tuesday-Enforcement actions featuring facilitation payments; Wednesday-Policies facilitation payments; Thursday– Policies for third parties;Friday– policies on extortion payments. Note 31 Days to a More Effective Compliance Program now has its own iTunes channel.

Tom Fox is the Compliance Evangelist and can be reached at tfox@tfoxlaw.com. Jay Rosen is Mr. Monitor and can be reached at jrosen@affiliatedmonitors.com.

Categories
Daily Compliance News

May 29, 2020-the Yet Another Trump Tantrum edition


In today’s edition of Daily Compliance News:

  • Companies must prioritize compliance. (Bloomberg Law)
  • CDC suggests big changes for offices. (NYT)
  • Trump targets social media companies. (NYT)
  • Using tech to unscramble supply chains. (WSJ)
Categories
Compliance and Coronavirus

Mary Ann Faremouth and Being Economically Dislocated


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 Mary Ann Faremouth, founder and CEO of Faremouth and Company. Mary Ann is a long-time recruiter for executives and professionals in the energy industry. She joins us to discuss what you can do in the economic downturn brought on by the coronavirus health crisis if you find yourself economically dislocated.