Categories
Trekking Through Compliance

Trekking Through Compliance-Episode 42 – Obsession


In this episode of Trekking Through Compliance, we consider the episode Obsession which aired on December 15, 1967, Star Date 3619.2.
Compliance Takeaways:

  1. Sometimes a CCO must make a stand and speak truth to power.
  2. How is a root cause analysis different than an investigation?
  3. Why you should train for crisis management.
Categories
Daily Compliance News

Daily Compliance News: July 12, 2019, the tit-for-tat edition

In today’s edition of Daily Compliance News:
·       Export sanctions with Huawei change yet again. (FT)
·       US Reaches $1.4 Billion Opioid-Drug Settlement With Reckitt. (WSJ)
·       In a tit-for-tat exercise, France institutes digital tax on US companies.  (NYT)
·       No surprise here as Uber received more scrutiny from the SEC than Lyft during the IPO process. (MarketWatch)
Categories
Trekking Through Compliance

Trekking Through Compliance-Episode 41 – The Deadly Years


In this episode of Trekking Through Compliance, we consider the episode The Deadly Years which aired on December 8, 1967, Star Date 3478.2.
Compliance Takeaways:

  1. Just because research is discontinued does not mean it is invalid.
  2. Training-Why was Chekov’s reaction like that of a schoolboy?
  3. How do you show the quality, ability and competence of your compliance team?
Categories
Daily Compliance News

Daily Compliance News: July 11, 2019, the yet even more trouble for Deutsche Bank edition

In today’s edition of Daily Compliance News:
·       Deutsche Bank under investigation for its role in 1MDB scandal. (WSJ)
·       Harvard suspends star professor for sexual harassment claim. (NYT)
·       US House passes whistleblower law fix.  (Radical Compliance)
·       French ex-President questioned in Brazilian figher jet probe. (Reuters)
Categories
Life with GDPR

Life With GDPR: Episode 30- British Airways GDPR Enforcement Action

In this podcast, data privacy/data security expert Jonathan Armstrong and Compliance Evangelist Tom Fox use the framework of GDPR to discuss a wide range of issues relating to these topics. They consider what the US compliance and InfoSec security expert needs to know about what is happening in the UK, Europe and beyond. In this episode, we discuss the recently announced proposed fine by the UK Data Protection Regulator against British Airways (BA) after its data breach. She intends to fine the airline £183.39 million (approximately $230MM).
Some of the highlights in this episode include:
  1. This proposed fine represents the largest GDPR fine in the UK.
  2. As the fine is now open to comment by BA and other national data protection regulators, the amount of the final fine may change.
  3. The BA CEO comes out swinging against this fine.
  4. What was the role of the ICO as ‘lead regulator’?
  5. Will BA’s tone-deaf posturing hurt or help it with the final penalty?
  6. What did BA know and when did they know (yes that is the famous Watergate question) will be a critical analysis.
  7. What remedial measures did BA engage in after it became aware of the breach?
  8. What are the lessons to be learned by the data privacy officer?
For more information on Cordery Compliance, go their website here.
For additional reading see the Cordery Compliance article, “UK Data Protection Regulator Announces Intention to Fine BA after Data Breach”.
Also check out the GDPR Navigator, one of the top resources for GDPR Compliance by clicking here.
Categories
Trekking Through Compliance

Trekking Through Compliance-Episode 40 – Friday’s Child


In this episode of Trekking Through Compliance, we consider the episode Friday’s Child which aired on December 1, 1967, Star Date 3497.2.
Compliance Takeaways:

  1. The three C’s of leadership.
  2. How do you react when the leader goes off the deep end?
  3. Train your employees what to do when faced with a bribe demand.
Categories
Great Women in Compliance

Great Women in Compliance- Olivia Seet on Recruiting in Compliance

In this episode of Great Women in Compliance, Mary Shirley speaks with Olivia Seet, a Legal and Compliance recruiter, about sought after skills in Compliance, the motherhood penalty and tips for improving your LinkedIn profile.
This episode has a special focus on the Asia Pacific Compliance market which should be welcome in light of the fact that our second and third highest listenership comes from Singapore and New Zealand!  Much of the advice proffered holds true across all geographical regions and the episode rounds out with some insights on the state of the market for Compliance professionals without legal backgrounds.

Categories
Daily Compliance News

Daily Compliance News: July 10, 2019, the where is John Grisham when you need him edition

In today’s edition of Daily Compliance News:

  • Administration lawyers cannot bow out of census case. (WSJ)
  • Was it a good deal or sweetheart deal? (WSJ)
  • Platinum Partners found guilty. (WSJ)
  • In Paris, Orange CEO found not guilty. (FT)
Categories
Compliance Into the Weeds

Compliance into the Weeds: Episode 130- Corrosive Subcultures

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 episode, Matt Kelly (the coolest guy in compliance) and I take a deep dive into employees of the U.S. Customs and Border Protection who operated a closed Facebook group, replete with racist, sexist posts about migrants and Democratic politicians. For corporate compliance and governance professionals who think about the challenges of building a strong corporate culture, the mess at CBP offers a cautionary tale about the corrosive nature of subcultures.
Some of the highlights include:

  • Why are subcultures so corrosive?
  • What is Metcalfe’s Law and how does it apply here?
  • What is corporate culture v. subcultures?
  • How does an organization fight the growth of subcultures?
  • What is the role of the CCO?
  • Is all this simply protected speech?

For additional reading see Matt’s blog post What CBP Tells Us About Subcultures

Categories
Trekking Through Compliance

Trekking Through Compliance-Episode – 39 Journey to Babel


In this episode of Trekking Through Compliance, we consider the episode Journey to Babelwhich aired on November 20, 1967, Star Date 3842.3.
Compliance Takeaways:

  1. HR is key ally of the compliance function.
  2. Dynamic tensions between employees must be resolved.
  3. Be careful in freewheeling banter.