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Daily Compliance News

Daily Compliance News: August 2, 2019, the Summertime Blues edition

In today’s edition of Daily Compliance News:
  • Another way in which the 737 MAX is impacting the economy. (WSJ)
  • Chinese billionaire indicted in tariff scam. (WSJ)
  • Trump want the Pentagon to use Oracle, the Pentagon does not. (Washington Post)
  • Did Google fire an engineer for being a Republican? (WSJ)
Categories
Trekking Through Compliance

Trekking Through Compliance-Episode 62 – Day of the Dove

In this episode of Trekking Through Compliance, we consider the episode Day of the Dove which aired on November 1, 1968, Star Date unknown.
Compliance Takeaways:

  1. How to use disruption as an innovation.
  2. Integrating compliance into the business.
  3. Hitting the ground running as a new CCO.
Categories
Daily Compliance News

Daily Compliance News: August 1, 2019, the no harm, no foul edition

In today’s edition of Daily Compliance News:
  • Martin Shkreli Loses His Appeal (NYT)
  • Surprise Surprise, Huawei making money. (WSJ)
  • Can Karinova pay her way out of prison? (Global Anticorruption Blog)
  • Are higher audit costs worth paying? (FT)
Categories
12 O’Clock High-a podcast on business leadership

Episode 112-Leadership Lessons from Rutherford B. Hayes

This episode begins a short series on Gilded Age Presidents, now largely forgotten. In this episode we take up Rutherford B. Hayes.
 Some of the issues posed include:
Hayes Educational and Professional Background
The Disputed Election of 1876 and Compromise-(1)Election Commission; (2) Terms of the Compromise and (3) Was it necessary?
Hayes’ Presidency-(1) Reconstruction ends-was it inevitable? (2) Civil Service Reform; (3) Cabinet Selections; (4) Port of New York and (5) the Post Office.
Foreign Policy-(1) Paraguay War settlement; (2) Mexican border crisis and (3) Immigration issues.
Great RR Strike of 1877, the Great Western Tour, his Indian Policy and Lemonade Lucy
Hayes Leadership Issues-(1)“He serves his party best, who serves his country best.”; (2) Rutherford the Rover; (3) Use of veto and (4) Conflicts with Congress over Congressional v. Executive Power.
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Trekking Through Compliance

Trekking Through Compliance-Episode 61 – Spectre of the Gun

In this episode of Trekking Through Compliance, we consider the episode Spectre of the Gun which aired on October 25, 1968, Star Date 4585.3.
Compliance Takeaways:

  1. How can you overcome biases?
  2. Have you looked at your supply chain for compliance innovation?
  3. Moving compliance into the DNA of your organization.

 
 

Categories
Compliance Into the Weeds

Compliance into the Weeds: Episode 133-Facebook Settlement

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 go into the weeds to explore recent Facebook settlement with the SEC and the FTC. We also explore what the new DOJ antitrust investigation may portend going forward.
Some of the highlights include:

  • This is now the second SEC settlement under this fact pattern.
  • The SEC settlement was three times the amount of the Yahoo settlement.
  • Did the FTC settle too low (or too high)?
  • Is Facebook prevented from doing anything going forward?
  • What is the impact if any on the stock price? Does the market even care?
  • Is the DOJ antitrust investigation simply a politically motivated attack?
  • Has the administration thought through the implications of its antitrust investigations?

For further reading on Conn’s see Matt’s blog posts: Facebook, Power and Antitrust Issues

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Daily Compliance News

Daily Compliance News: July 31, 2019, the changes at the DOJ edition

In today’s edition of Daily Compliance News:

  • Changes in the DOJ Fraud Section. (WSJ)
  • Micronesian government official sentenced in FCPA case. (WSJ)
  • Auditors in the spotlight in Oxy proxy fight. (MarketWatch)
  • Rolls Royce booked with bribery in India. (TheHindu)
Categories
Great Women in Compliance

Hitting it out of the Park-an Interview with Fernanda Beraldi

In this episode of Great Women in Compliance podcast, Lisa had the opportunity to speak with Fernanda Beraldi, who is Senior Director, Ethics and Compliance at Cummins, Inc.  Fernanda started her career in Sao Paolo in Brazil, and started on her path to compliance when she was a junior attorney who worked on one of the first FCPA cases in South America and saw first-hand what can happen when people are not “walking the walk,” even if the policies are strong.
Fernanda came to the United States for a masters in law program in Indiana, and stayed in Indianapolis.  We discussed a number of different things, including:
  • Overcoming assumptions from others, including those in her LLM program assuming she would be interested in immigration or other South America focused areas;
  • Breaking down cultural barriers and stereotypes as a Brazilian woman in the mid-west United States and about her work-life balance
  • The use of American sports lingo and slang in business and some memorable and funny moments and conversations Fernanda has had in the US
You can find the Great Women in Compliance at our home on the Corporate Compliance Insights website at  https://www.corporatecomplianceinsights.com/great-women-in-compliance/
and you can also search for it on itunes or your favorite podcast player.
Categories
Jamming with Jason

Three Lines of Defense – Comments on the IIA Exposure Document

The IIA recently published an Exposure Document on the Three Lines of Defense Model. Listen to my comments and suggestions for improving the Three Lines of Defense Model and how we can improve our coordination and collaboration with other assurance groups in organizations.
To listen and for complete show notes and links to downloads, visit: http://www.jasonmefford.com/jammingwithjason/
I’m curious to hear your suggestions. Make sure to download the document (see link below) and comment below on social media to let me know what you think.
Three Lines of Defense Review & Survey Open 20 June–19 September 2019
https://global.theiia.org/about/about-internal-auditing/Pages/Three-Lines-of-Defense-Review-Exposure-Document-and-Survey.aspx
The comment period is open until 19 September 2019.

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

Categories
Trekking Through Compliance

Trekking Through Compliance-Episode 60 – Is There No Truth in Beauty

In this episode of Trekking Through Compliance, we consider the episode Is There No Truth in Beauty which aired on October 18, 1968, Star Date 5630.7.
Compliance Takeaways: 

  1. How to hit the ground running as a new CCO.
  2. Design thinking in compliance.
  3. As CCO, are you an enterprise leader?