On this episode of The Ethics Experts, we speak with Charlie Middleton about tax whistleblowing, corporate America’s leadership, and being an advocate for integrity in the workplace.
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On this episode of The Ethics Experts, we speak with Kristy Hart about the changes taking place in the data privacy world and implementing a general data protection regulation (GDPR) styled process.
Check out more episodes, and don’t forget to subscribe on your favorite podcast platform!
One thing is certain going into 2020 and beyond is that technology that will improve the efficiency of compliance and will assist in the operationalization of compliance into fabric of every business which embraces it. I would posit that the compliance professional who incorporates the techniques they advocate into their organization’s compliance program will not only move their compliance program forward but also make their company run more efficiently and, at the end of the day, more profitably.
AI is a step which weds the human interaction and experiences with the data which is available to every company – its own internal information which is most generally sitting in siloed verticals and not being used. This data can provide the foundation for business research and risk-forecasting models and AI. When you couple this data with the insights into what humans do well or poorly; you can pair the best of these two seemingly disparate incongruities. Moreover, when a compliance function embraces the use of AI and embraces this human and technological approach for forecasting and risk assessments and then keeps improving their risk management techniques, it will create a sustainable strategic business, compliance and intelligence advantage over its competition.
Three Key Takeaways:
While the coronavirus dominated the news this past week, compliance doesn’t sleep and neither did we. Self-distancing Tom and Jay are back to consider some of the other top compliance articles and stories which caught their eye this week.
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.
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 to explore these issues. Today’s episode asks has your compliance training has been Conrona-Cancelled? We provide some things you can create to supplement your routine training and communication. Some of the highlights include:
Ronnie Feldman
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.
In today’s edition of Daily Compliance News:
Design thinking is another innovation which can help the CCO move forward in a cutting-edge manner to make a compliance program not only more robust but also operationalize it into the fabric of the company. Such a mechanism would help to drive compliance into the operational nature of a company.
This design thinking protocol can help to create a more effective ethics and compliance training model by using employees to provide the initial input to improve its effectiveness and relevance to the front-line employees. The compliance team then implements several proposed solutions until the most operative one or ones becomes apparent. These are then rolled out companywide for better and more effective compliance training. As the entire process is documented, when the regulators, such as the DOJ or SEC, come knocking, you will have the ability to not only explain your training but also demonstrate its effectiveness.
Three key takeaways:
Welcome to a special series of Trekking Through Compliance, the podcast series inspired by my review of Star Trek, the Original Series. In this special series I am joined by another uber Star Trek maven, Megan Dougherty, co-founder of One Stone Creative. In this series we will review the new television show Picardwhich is currently streaming on CBS.
SPOILER ALERT-Although we will review each episode after it appears, we will discuss each episode in depth.
Episode 7, Nepenthe. A flashback reveals that Commodore Oh mind-melded with Jurati to convince her of the danger of synthetic life, and had her ingest a tracking device. Picard takes Soji to William Riker and Deanna Troi’s home on the planet Nepenthe. They offer Picard sanctuary, and their daughter Kestra tries to befriend Soji. Soji learns that she’s an android, and has trouble trusting anyone after Narek’s betrayal; but she tells them about her dream, and Kestra is able to learn the planet’s location from a family friend. Kestra convinces Soji to trust Picard. Meanwhile, Narissa kills Hugh and the other ex-Borg; before dying, Hugh tells Elnor that he needs a former Borg to activate the Queen’s cell and retake control of the Artifact. Elnor uses an SOS beacon Seven left Picard to call for help. La Sirena’s crew tries to get to Nepenthe but are being chased by Narek, who is following the tracker in Jurati. Feeling guilty, Jurati uses a neurotoxin to put herself in a coma and disable the tracker. La Sirena eventually reaches Nepenthe and picks up Picard and Soji.
Highlights, speculations and questions include:
1. Did Hugh have to die?
2. What did you feel during the reunion of Riker, Troi and Picard?
3. What are some of the cookies in this show?
4. Does Kestra instruct us on how to deal with grief?
5. Is Oh a Vulcan?
Welcome to the Great Women in Compliance Podcast, co-hosted by Lisa Fine and Mary Shirley. In episode 55 we highlight some of the hottest areas in Compliance right now – behavioral and cognitive science. At its core, Compliance is really about shaping behaviors so it is no surprise why Compliance Officers are taking an increasing interest in behavioral economics and how we can use it to better understand our key stakeholders and use the information as tools to help shape the culture of integrity in our companies. The Great Women in Compliance team loves to talk about the issues of the day so we took the opportunity to invite Penny Milner-Smyth, who has a psychology educational background and now uses research to help Compliance teams succeed, to be on the show.
Penny speaks with Mary Shirley about how we as Compliance Officers can foster psychological safety in the workplace and use that to encourage deployment of your reporting hotline. It’s critical aspiration for companies to reach – Google researchers identified psychological safety as the number one factor of importance in successful teams.
In Compliance, particularly during investigations, we often come across employees who are described as bad actors. Penny gives us the lowdown on whether people are ever easily compartmentalized into the categories of good and bad and helps us to identify factors that tend to “push” good people to do bad things.
Penny’s insights and practical advice from an organizational psychology perspective, including how you can get increased ethical behavior from your workforce just by being conscious of where on employee forms you place certain wording, is not to be missed!
See Mary’s article Why You Should Draft a Compliance Mission Statement, on Corporate Compliance Insights.
Join the Great Women in Compliance community on LinkedIn here.
