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Daily Compliance News

September 16, 2019- the Cool Billion edition

In today’s edition of Daily Compliance News:

  • Boeing Board calls for more safety changes at company. (NYT)
  • How big can a COI be? Disney’s Iger resigns from Apple board. (WSJ)
  • NY AG alleges Sacker family had over $1bn in wire transfers out of Perdue Pharma into private accounts. (Washington Post)
  • Andrew Hill says to have some sympathy for Refinitiv. (FT)
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Daily Compliance News

September 15, 2019 Sunday Book Review edition

In today’s edition Sunday Book Review edition of Daily Compliance News:
Categories
The Ethics Movement

Converge19-Eric Feldman

CONVERGE is in its 4th year of bringing together the world’s leading companies for 2 days of dynamic speakers, thought-provoking breakout sessions, and opportunities to connect with like-minded professionals. You will leave the conference with new resources and best practices allowing you to continue the hard work of driving ethics to the center of your business. In today’s episode I visit with Eric Feldman, SVP at Affiliated Monitors, Inc. and visit about his talk, the CCO’s Role in Performance Management that Drives Employee Behavior.
Employee incentives, bonuses, and promotions are all great motivators, right? Wrong! In this session Eric Feldman explains how an innocent incentive program can bring down a company. Perverse incentives are at the root of so many misconduct cases. Learn how you can play a value-added role in corporate performance management processes.
For more information on Converge19, click here.
Categories
The Ethics Movement

Eric Feldman on the CCO’s Role in Performance Management that Drives Employee Behavior

CONVERGE is in its 4th year of bringing together the world’s leading companies for 2 days of dynamic speakers, thought-provoking breakout sessions, and opportunities to connect with like-minded professionals. You will leave the conference with new resources and best practices allowing you to continue the hard work of driving ethics to the center of your business. In today’s episode I visit with Eric Feldman, SVP at Affiliated Monitors, Inc. and visit about his talk, the CCO’s Role in Performance Management that Drives Employee Behavior.
Employee incentives, bonuses, and promotions are all great motivators, right? Wrong! In this session Eric Feldman explains how an innocent incentive program can bring down a company. Perverse incentives are at the root of so many misconduct cases. Learn how you can play a value-added role in corporate performance management processes.
For more information on Converge19, click here.
Categories
This Week in FCPA

Episode 171 – the Jay Clayton Speaks (or not) edition

As SEC Chair Jay Clayton scolds the rest of the world for its lack of anti-corruption enforcement and does say why he wants to dump a PCAOB Member, Tom and Jay are back  to discuss some of this week’s top compliance and ethics stories which caught their collective eyes.

  1. SEC Chair scolds weak overseas anti-corruption enforcement. Dave Micheal reports in the WSJ Risk and Compliance Journal.
  2. Why does SEC Chairman want to get rid of PCAOB member, Kathleen Hamm? Francine McKenna explores in MarketWatch.
  3. Fair Pay to Play? California pass law allowing college athletes to be compensated. Michael McCann reports in com.
  4. Did the SFO put in a ‘self-certification’ requirement in its recent Guidance on Cooperation? Aziz Rahman says yes in the FCPA Blog.
  5. How can independent integrity monitors help to limit adverse consequences in health care? Jay concludes his series on monitors in the health care industry in CCI.
  6. NYU PCCE gets new Executive Director as Alycin Cooley joins the group. NYU Compliance and Enforcement Blog.
  7. How can you process personal employee data under GDPR? Laura Wright, Sarah Greenwood and Andrew Reeves opine in the FCPA Blog.
  8. What happens when employees ethical values are greater than those shown by their employer? Michael Toebee explores in an interesting post on CCI.
  9. One commentator suggests we hold back on international enforcement against bribe-takers. Anton Moiseeineko writes in theFCPA Blog.
  10. Tom continues his preview of the Converge19 speakers in a special bonus series of podcasts on the Compliance Podcast Network. Check out the following: Monday-Ricardo Pellafone and Ashley Lewis on Building Your Brand; Tuesday-Michael Williamson on moving to a values based culture; Wednesday-Mike Volkov on the Nuts and Bolts of Sanctions Compliance; Thursday-Nicole Pitts on Increasing Employee Engagement and Friday- Eric Feldman on the CCO’s role in performance management. The podcast is available on multiple sites: the FCPA Compliance Report, iTunes, JDSupra, Megaphone,YouTube,  Spotifyand theCompliance Podcast Network.
  11. The Everything Compliance gang will be doing its first live podcast at Converge19. You should be there! Listeners to this podcast can obtain a complimentary ticket by using the promotion code foxvip, for registration and information, click here.

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. For more information on how an independent monitor can help improve your company’s ethics and compliance program, visit our sponsor Affiliated Monitors at www.affiliatedmonitors.com.

Categories
Daily Compliance News

September 13, 2019- the rattle out of the pram edition

In today’s edition of Daily Compliance News:

  • Government orders Google to let employees speak. (WSJ)
  • NCAA throws temper tantrum.(Forbes)
  • 145 key business leaders demand action on guns. (NYT)
  • Former Peruvian President accused of corruption denied bail in US. (Bloomberg)
Categories
The Ethics Movement

Nicole Pitts on Effectively Increasing Employee Engagement from Shop Floor to Top Floor

CONVERGE19 is in its 4th year of bringing together the world’s leading companies for 2 days of dynamic speakers, thought-provoking breakout sessions, and opportunities to connect with like-minded professionals. You will leave the conference with new resources and best practices allowing you to continue the hard work of driving ethics to the center of your business. In today’s episode I visit with Nicole Pitts, founder of the Ethintegrity about her talk at Converge19, on Effectively Increasing Employee Engagement from ’Shop Floor’ to ’Top Floor’ through Play.
Struggling with employee engagement? In this session, you will learn how to effectively increase employee participation and facilitate discussions on complex ethics topics across cultures and educational levels. This will lead to a better understanding of the compliance program as well as identification & mitigation of risks from all levels of the organization. Explore the benefits of using the LEGO® SERIOUS PLAY® methodology to promote fruitful discussions to help the individual and the organization embed integrity into daily activities.
For more information on Converge19, click here.
For more information on the Ethintegrity, click here.
Categories
Daily Compliance News

September 12, 2019- the pots and kettles edition

In today’s edition of Daily Compliance News:
  • Beijing, er Hong Kong wants to take over the London Stock Exchange. What could go wrong? (NYT)
  • Pots and Kettles, as US tells Switzerland to ramp up oversight on Facebook’s cryptocurrency. (WSJ)
  • Fair Pay to Play? California bill would allow college athletes to benefit from their toils/images. (com)
  • SEC wants to ditch PCAOB member. (MarketWatch)
Categories
Creativity and Compliance

Using Comedy and Humor to Enhance Training

Where does creativity fit into compliance? In more places than you think. Problem-solving, accountability, communication, and connection – they all take creativity. Join Tom Fox and Ronnie Feldman on Creativity and Compliance, part of the Compliance Podcast Network. In this show, we’ll be exploring how creativity affects the world of compliance – the ways we use it, and the surprising impacts it can have on the work we do every day. From ethics to leadership, problem-solving to training – creativity permeates what we do as compliance professionals.  In this podcast we discuss how the use of comedy, humor and creativity can all work to enhance compliance training. Highlights include:

  1. How can you use comedy to communicate compliance?
  2. Why you should use comedy and entertainment to communicate compliance?
  3. What are some examples of blending entertainment with learning and compliance training?
  4. What are some techniques for using comedy to communicate compliance concepts?
  5. What are the pitfalls of using comedy to communicate compliance throughout your organization?
  6. Does comedy work globally…and if so how?
  7. How the use of comedy and humor can bring an emotional connection to compliance training.

Resources:
Ronnie Feldman (LinkedIn)
Learnings & Entertainments (LinkedIn)
Ronnie Feldman (Twitter)
Learnings & Entertainments (Website)
60-Second Communication & Awareness Shorts – A variety of short, customizable, quick-hitter “commercials” including songs & jingles, video shorts, newsletter graphics & Gifs, and more. Promote integrity, compliance, the Code, the helpline and the E&C team as helpful advisors and coaches.
Workplace Tonight Show! Micro-learning – a library of 1-10-minute trainings and communications wrapped in the style of a late-night variety show, that explains corporate risk topics and why employees should care.
Custom Live & Digital Programing – We’ll develop programming that fits your culture and balances the seriousness of the subject matter with a more engaging delivery.
See also, Ronnie’s article on CCI, How Corporations Can Use Comedy and Creativity to Enhance Risk Training

Categories
The Ethics Movement

Mike Volkov on the Nuts and Bolts of Sanction Compliance

CONVERGE19 is in its 4th year of bringing together the world’s leading companies for 2 days of dynamic speakers, thought-provoking breakout sessions, and opportunities to connect with like-minded professionals. You will leave the conference with new resources and best practices allowing you to continue the hard work of driving ethics to the center of your business. In today’s episode I visit with Mike Volkov, founder of the Volkov Law Group about his talk at Converge19, the Nuts & Bolts of Sanction Compliance.
It seems like not a week goes by where there is not a headline highlighting a company coming up short with OFAC regulations. Is your compliance program equipped to comply with the US Treasury Department’s new guidance on building an effective sanction compliance program? In this session, one of the top compliance practitioners around, Mike Volkov will provide to you up to date information on the changing regulatory landscape of sanction compliance and how to build an effective sanction compliance program.
For more information on Converge19, click here. For more information on the Volkov Law Group, click here.