Categories
Daily Compliance News

December 28, 2019, the Huawei Charm Offensive edition

In today’s edition of Daily Compliance News:

  • COSO to issue guidance on blockchain. (WSJ)
  • US companies sued for allegedly paying protection money to Taliban. (WSJ)
  • For the turnaround specialist, financial risk is also opportunity. (Houston Chronicle)
  • Huawei charm offensive in Europe?  (NYT)
Categories
This Week in FCPA

Episode 185 – the Boeing CEO (finally) Fired edition

As Boeing finally takes a much-needed step and fires confrontational CEO, Dennis Muilenburg, Tom and Jay are recovered enough from their respective holiday food comas to consider some of this holiday week’s top compliance and ethics stories which caught their collective eyes.

  1. Boeing CEO (finally) fired. Natalie Kitroeff and David Gelles report on his missteps in NYT. Andy Pasztor, Doug Cameron and report on his replacement in the WSJ. Tom and Matt consider ethics and the CEO in this week’s Compliance into the Weeds.
  2. Deputy AAG Mathew Miner on why companies should invest in compliance. Dylan Tokar in the WSJ Risk and Compliance Journal.
  3. Another DPA for the SFO and more corporate individuals acquitted at trial. Susan Hawley in the FCPA Blog.
  4. What is a textbook internal investigation? Matt Kelly explores in Radical Compliance.
  5. Is the Morning Show on Apple TV a wakeup call for corporate America? Sean Freidlin explores in a LinkedIn
  6. What is the role of ESG in corp investing? John Huggie in the Harvard Law School Forum on Corporate Governance.
  7. The comp angle to managing multi-generations. Elliott Dinkin in CCI.
  8. What is operational resilience and why does it matter? Matt Kelly explores in Navex Global’s Ethics and Compliance Matters blog.
  9. How does Santa inform your compliance program? Tom explains in the FCPA Compliance and Ethics Blog.
  10. On the Compliance Podcast Network, this week Tom concluded a two-part series with MoFo partner James Koukios on the firm’s International Anti-Corruption Newsletter. Part 1 was the September newsletter and Part 2 was the October newsletter. Another two-parter you will want to check out is the Everything Compliance gang’s two-part podcast series reviewing compliance in 2019 under the Trump Administration. Part 1 features Tom, Matt Kelly and Jay Rosen. Part 2 features Sarah Hadden, Mike Volkov and Jonathan Armstrong.

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.

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Daily Compliance News

December 27, 2019, the Kalanick Cashes Out edition

In today’s edition of Daily Compliance News:

  • Post-acquisition integration is the critical execution step. (WSJ)
  • Deputy AAG Mathew Miner on why companies should invest in compliance. (WSJ)
  • Travis Kalanick cashes out of Uber. (Washington Post)
  • What is the risk in your supply chain?  (NYT)
Categories
ComplianceLIVE

ComplianceLIVE Episode 8: Taking the Words Off the Wall-A Culture Conversation with Nick and Gio Gallo Part II


Part II of Cailyn and Amanda’s conversation with Nick and Gio Gallo, ComplianceLine co-CEOs and Chief Servants. The views expressed on ComplianceLIVE are those of the hosts and guests, and may not necessarily reflect the policies or positions of CompianceLine, LLC. Well, Cailyn’s views could probably be considered accurate, but Amanda’s views can only be seen as passable at best bordering into wildly inaccurate.
Listen to the Episode:

Check out more episodes and full episode videos at ComplianceLine.com, and don’t forget to subscribe on your favorite podcast platform!

Categories
Daily Compliance News

December 26, 2019, the Boxing Day edition

In today’s edition of Daily Compliance News:

  • Lloyd’s of London hotline down for 18 months. (BBC)
  • How’s this for a Fat Cat meal-$7600 cost. (NYT)
  • New Boeing CEO to try and win over regulators. (WSJ)
  • Newest environmental risk-Trump on wind.  (Washington Post)
Categories
Compliance Into the Weeds

Continued Missteps and Misadventures in Ethics by Boeing

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 and I go into the weed over the ethical failings and missteps made by the now former Boeing CEO Dennis Muilenburg which led to his firing.
Some of the highlights include:

  • What are the three steps in cooperating with the government after a failure?
  • Why did Boeing fail to reveal negative information it uncovered in its internal investigation?
  • What is the role of a CEO around ethics?
  • What is the role of the Board of Directors?
  • What is the only control for a CEO around ethics?
  • What are the lessons learned for a corporate compliance program?
  • What does all this mean for compliance professionals going forward?

Resources
Matt’s blog post More Misadventures in Ethics From Boeing in Radical Compliance.

Categories
Daily Compliance News

December 24, 2019, the Muilenburg Fired edition

In today’s edition of Daily Compliance News:

  • SEC investigating BMW over sales punching. (NYT)
  • Boeing CEO Muilenburg fired. (NYT)
  • Is Malta corruption’s greatest ally? (Jacobin)
  • Pentagon wants US companies to build 5G network.  (FT)
Categories
FCPA Compliance Report

Episode 457-James Koukios on October MoFo’s International Anti-corruption developments

In the Episode, I visit with James Koukios, a partner at Morrison and Foerster in Washington DC. Koukios is a former prosecutor from the Department of Justice who worked in the FCPA Unit. He is back to discuss the firm’s monthly newsletter the Top 10 International Anti-Corruption Developments for October 2019.
Some of the highlights include:

  • The DOJ Issues Guidance on Corporate Inability-to-Pay Claims. We consider is this something new or codification of prior practices?
  • The Unaoil guilty pleas. Are they huge, even bigger than Panalpina?
  • The EU whistleblower initiative. Is this a sea change or something else? What might it mean for anticorruption enforcement?
  • OECD Expresses Concern over Brazil’s Foreign Bribery Enforcement. Has there been a change in Brazil enforcement or is this simply a part of the natural ebb and flow of enforcement actions?
  • Are things really going to heat up in Mexico in terms of investigations involving Pemex? Should US companies which have done business in Mexico be scrubbing their operations?

Resources
To see the firm’s Top 10 International Anti-Corruption Developments for October 2019, click here.

Categories
Daily Compliance News

December 23, 2019, the Why Does He Even Have a Job? edition

In today’s edition of Daily Compliance News:

  • Is anti-trust enforcement becoming more progressive? (NYT)
  • With all his missteps how does Boeing CEO Muilenburg even have a job? (NYT)
  • New risk for energy companies-banks cutting off funding. (WSJ)
  • SFO loses yet another trial.  (WSJ)
Categories
Daily Compliance News

December 22, 2019, the Sunday Book Review, the Design Thinking edition

In today’s edition of Sunday Book Review: