In today’s edition of Daily Compliance News:
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In today’s edition of Daily Compliance News:
- Will the Justice Department Memo on the Opioid Crisis be a turning point? (NYT)
- Trump wants to “look at” purchasing Greenland. (WSJ)
- More regime change and corruption investigations. (The Guardian)
- what to look for as WeWork goes public? (MarketWatch)
We are back with another five episodes of Adventures in Compliance to consider the next five stories from The Casebook of Sherlock Holmes, mining each story for themes and lessons related to the compliance professional, leadership and business ethics. In today’s offering, I consider The Three Garridebs. From this story the need for objective discipline in a variety of areas in any best practices compliance program.
Compliance Takeaways
- That objectivity in disciple is called the Fair Process Doctrine. As you incorporate the Fair Process Doctrine in your compliance program, there are three key areas to focus on.
- Administration of discipline.Discipline must not only be administered fairly but it must be administered uniformly across the company for the violation of any compliance policy.
- Employee promotions.If your company is seen to advance and only reward employees who achieve their numbers by whatever means necessary, other employees will certainly take note and it will be understood what management evaluates and rewards employees on.
- Internal investigations. Simply put, if your employees do not believe that the investigation is fair and impartial, then it is not fair and impartial.
- An often-overlooked role of any Chief Compliance Officer (CCO) or compliance professional is to help provide employees with procedural fairness. If your compliance function is seen to be fair in the way it treats employees, in areas as varied as financial incentives, to promotions, to uniform discipline meted out across the globe; employees are more likely to inform the compliance department when something goes array. If employees believe they will be treated fairly, it will go a long way to more fully operationalizing your compliance program.
Join us tomorrow as we consider The Problem of Thor Bridge.
In this episode I visit with Matt Galvin, Vice President, Ethics & Compliance at Anheuser-Busch InBev and Peter Grossman, Co-Founder, Chief Strategist at Labyrinth Training about their work on compliance training to influence behavior at Ab-InBev. Highlights from the podcast include:
- How did they create some of the most innovative compliance training?
- How can innovative training be effective training?
- How can compliance training influence behavior?
- Why does Galvin (and Ab-InBev) emphasis compliance training so robustly?
- How can non-traditional approaches to compliance training be effective?
- Why compliance officers should always be curious?
- How did Matt and Peter come together to create this innovative training regime?
For more information on Peter Grossman, check out his LinkedIn profile here. For more information on his company Labyrinth Training, click here. For more on Labyrinth’s work with Ab-InBev on training, click here.
In today’s edition Sunday Book Review edition of Daily Compliance News:
- The Great Partnership-Christian Keller
- Lithium-Walter Brown
- Job-A New Translation– Edward Greenstein
- Inland-Tea Obreht
In this episode of Trekking Through Compliance, we consider the episode Turnabout Intruder which aired on June 3, 1969 and Star Date 5298.5.
Compliance Takeaways:
- Who monitors the senior executives?
- What happens when you have C-Suite involvement in the bribery scheme?
- How can your company make a comeback?
In this episode of Trekking Through Compliance, we consider the episode All Our Yesterdays which aired on March 14, 1969 and Star Date 5943.7.
Compliance Takeaways:
- What is targeted training?
- What is effective training?
- What is your training governance protocol?
Jay kisses good-bye to the Red Sox season and says hello to the Patriots title defense. Tom enjoys the Astros having the best record in baseball. Together they are back to discuss some of this week’s top compliance and ethics stories which caught their collective eyes. 1. Should compliance lead the data privacy charge? Jessica Willburn says yes. 2. How does the right to be forgotten impact monitoring in compliance programs. 3. What are the Governance Implications of the Equifax and Facebook Settlements? Michael W. Peregrine explores. 4. How improved processes can drive CCPA compliance. 5. Designing the Tesla of compliance. 6. Corruption and assurance. 7. What is the intersection of dealers and the FCPA? Matt Kelly explores. 8. The importance of PR in the anticorruption fight. 9. What’s the international map for whistleblowers look like? 10. In a special 5-part podcast series, Jay Rosen explores everything you want to know about monitors but were afraid to ask. Check out the following: Monday-Introduction; Tuesday-post-resolution monitorships; Wednesday-pre-settlement monitorships; Thursday-Considerations when hiring a monitor; and Friday-costs. The podcast is available on multiple sites: the FCPA Compliance Report, iTunes, JDSupra, Megaphone,YouTube, Spotifyand Corporate Compliance Insights, Compliance Podcast Networkand now on the C-Suite Radio Network. 11. Join Tom and Jay and a host of other great speakers and guest at Converge19 in Denver October 2 & 3. Listeners to this podcast can obtain a complimentary ticket by using the promotion code foxvip, for registeration 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.
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.
In this episode of Trekking Through Compliance, we consider the episode The Savage Curtain which aired on March 17, 1969 and Star Date 5906.4.
Compliance Takeaways:
- Executives behaving badly?
- Internal control work-arounds and overrides.
- Who watches the watchers?