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12 O’Clock High-a podcast on business leadership

Paul Simkins on Leadership Development


Richard Lummis is on assignment this week as we are preparing a multi-part series on leadership lessons from the life and Presidency of Theodore Roosevelt. Today, I am hosting Paul Simkins, a long-time leadership and training expert. Simkins believes that we should move away from leadership training to leadership development. He has some unique ideas on how organizations can develop leaders.
Highlights of this podcast include:

  1. Why does Simkins say its “not leadership training but leadership development”?
  2. What is the difference in training and development?
  3. Why is employee engagement really about leadership?
  4. What are Ten Signs Your company should invest in leadership Development?
  5. Where can listeners go for more information on how to Boldly Lead?

Resources

  1.  Boldly Lead website.
  2. Blog post 10 Signs You Should Invest in Leadership Development-Part 1
  3. Blog post 10 Signs You Should Invest in Leadership Development-Part 2
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Daily Compliance News

May 28, 2020-the Extradition edition


In today’s edition of Daily Compliance News:

  • Andrew Weissmann says DOJ needs compliance expert. (WSJ)
  • US amps up pressure on Hong Kong. Are sanctions next? (NYT)
  • Canada moves closer to extraditing Meng Wanzhou. (NYT)
  • SEC fines Ares Management $1MM for compliance failures. (WSJ)
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Compliance Kitchen

European Commission: Report on Predicted COVID-19 Impact on EU Trade


What’s cooking in the Compliance Kitchen? Silvia Surman is back.
The European Commission published a report dated April 17, 2020 that details the impact that the corona virus is expected to have on EU trade. According to the Commission’s new release, the COVID-19 crisis will is anticipated to result in a decline of both EU exports (decline of 9.2%) and EU imports (8.8% decline) this year alone. The numbers are based on the estimated decline in GDP worldwide. The temporary shutdown of businesses and travel restrictions globally will combine to leave a decline in economic output, global trade, investment and general household spending. The Commission notes that “while there is a wealth of forecasts on GDP growth in 2020, there is a limited range of work done on trade projections for 2020, in particular for EU trade.”
You may have heard of the 1MDB scandal and the subsequent investigations and government protests that resulted in the country. Jho Lo appears to still be on the run, although he didreach a settlement with the US DOJ and Malaysia is seeing some return of the misappropriated funds. Recently, Malaysian Securities Commission issued an annual report, finding that only 59% of Malaysian listed companies have anti-corruption policies in place and even those, for the most part, needed to be beefed up.   For more on this, and the Commission’s plans forward, see a news article here. If you are considering doing business with Malaysia, some official sources of information might be of assistance.

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Compliance and Coronavirus

Melissa Koch on Platformizing Compliance During Covid-19 and Beyond


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 Melissa Koch, co-founder and CEO of InFront Compliance.  We visit about the use of platforms to facilitate cybersecurity compliance during new normal of Covid-19 and going forward.
InFront is a next-gen online assessment and reporting platform focused on reducing risk and simplifying compliance for highly regulated entities, such as our nation’s supply chain and financial institutions. Founded by seasoned technology lawyers with a deep understanding of the fast-evolving regulatory landscape, InFront offers a secure digital solution built on extensive expertise and an intuitive interface that is accessible across all stakeholders. You can check out their website, here.

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Great Women in Compliance

Jenny Kim on the Intersection of Public Policy and Compliance

Welcome to the Great Women in Compliance Podcast, co-hosted by Lisa Fine and Mary Shirley.

In this episode of Great Women in Compliance, Lisa speaks with Jenny Kim, the Deputy General Counsel & Vice President, Public Policy at Koch Companies, Public Sector.  In her role, Jenny supervises the political law and compliance team, and we get the opportunity to speak about lobbying and political ethics and campaign finance.
Jenny talks about her move from government roles to a law firm, to her role at Koch. We focus on the challenges of addressing concerns right away with rapid decision-making with ensuring compliance.
We also discuss the compliance issues raised by the upcoming election, and how she collaborates with other functions such as government affairs on issues such as “pay to play” and political reporting requirements and keeping up with state-by-state requirements.
She also provides some of her thoughts on the importance of data and some of what she is doing to train employees throughout Koch.

Join the Great Women in Compliance community on LinkedIn here.

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Compliance Into the Weeds

Demonstrating Corporate Values in the Time of Economic Downturn


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. In this podcast Matt Kelly and Tom Fox take a deep dive into how business leaders can demonstrate values during times of difficulty, specifically when the CEO of Airbnb was required to layoff nearly 25% of the company’s workforce.
Some of the highlights include:

  • How can tone at the top be so critical during the coronavirus health crisis and economic dislocation?
  • Airbnb’s CEO Brian Chesky’s communication to employees.
  • How does clarity and certainty in Brian Chesky’s letter help make the layoffs more palatable?
  • Why are personal meetings so critical?
  • Why is dignity to a RIF’d employee so critical?
  • What can the compliance professional learn from this experience?
  • How (and why) was the Weight Watchers massive layoff so different?

See Matt Kelly blog post Demonstrating Values During Difficulties on Radical Compliance.

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Daily Compliance News

May 27, 2020-the Lipstick on a Pig edition


In today’s edition of Daily Compliance News:

  • Jho Low banker who facilitated alleged money laundering on trial. (RiskScreen.com)
  • What coronavirus tells Boards about the next crisis. (FT)
  • Max Schrems has choice words for Ireland settlement with FB. (com)
  • UK corruption case against Shell & ENI dismissed. (Reuters)
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The Compliance Life

Ellen Hunt on What’s Next After the CCO Role

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. This month, I visit with Ellen Hunt, Senior Vice President – Audit, Ethics & Compliance Officer.
Ellen is a lawyer, ethics & compliance professional, and chief audit executive. She has extensive management experience in designing, implementing and operating ethics and compliance programs including board governance and reporting, designing ethics education, creating policy management frameworks, managing enterprise and compliance risk processes as well as handling investigations and regulatory inquiries. Utilizing AARP’s enterprise risk management profile, she re-designed how AARP conducts its annual audit planning process to identify audits that relate to the organization’s must significant risks and incorporated the use of data analytics into audit execution.
 In this final episode, Ellen visits about what life can look like after you leave the CCO role. What are the types of corporate positions you are skilled for? As ethics and compliance matures, organizations are now seeing risks as positives. The question becomes how you are going to manage that risk for greater profitability; how you will strategically manage risk. We conclude with a discussion of why CCOs need to go onto Boards of Directors and why Boards need compliance expertise to navigate the post Covid-19 world.

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The Affiliated Monitors Expert Podcast

Crisis and Compliance in the Federal Marketplace During Coronavirus


The disruption brought about by the Coronavirus pandemic has ensured that the government contracting sector and organizations working on federally funded projects are no longer conducting business as usual. From an ethics and compliance perspective, organizations large and small, profit and not-for-profit, need to maintain a robust ethics and compliance program, but now it is within a starkly different environment. Government contractors, grant recipients, and others working on federally funded programs must understand and respond to changing compliance risks to maintain the adequacy and effectiveness of their policies and procedures.
In this webinar our panelists will discuss current challenges and practical responses to help organizations maintain the effectiveness of their ethics and compliance programs in the current crisis. They will also present a framework for an ethical decision-making process based on practical considerations and industry experience. Join Moderator, Rod Grandon, Managing Director, Government Services, at AMI and Panelists, Eric Feldman — Senior Vice President, Managing Director, Corporate Ethics & Compliance Programs at AMI, Dismas Locaria — Partner at Venable LLP and Thomas Topolski — Executive Vice President, Infrastructure Business Development at Parsons Corporation.

For more information on AMI check out their website, here.

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Compliance and Coronavirus

Julie Myers Wood on Privacy Laws and Data Transfer During Covid-19


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 Julie Myers Wood, CEO of Guidepost Solutions.  We visit about privacy laws as they impact the transfer of data in the new normal of Covid-19.