In today’s edition of Daily Compliance News:
- Don’t buy a used franchise from Subway. (NYT)
- Why is status cling so corrosive? (NYT)
- BOA cuts ties with private prisons. (Washington Post)
- DOJ expands it criminal investigation at Boeing. (Seattle Times)
In this episode of the FCPA Compliance Report, I visit with Brandon Daniels, who is the President of Global Technology Markets for Exiger. Daniels is regulatory expert and technology practitioner, bringing more than 15 years in senior management across the financial services, life sciences and energy sectors. He has a reputation for technological innovation in regulatory investigations and compliance management. Some of the highlights include
- Daniels’ professional background, how he got to Exiger and his current role at the company.
- Some of the key technological innovations Daniels has recently seen in the way in which investigations are being handled?
- We discuss how can Exiger’s technological solutions help a CCO get their arms around the unstructured data which is available to them inside their organization?
- How can technology be used to create predictive models to rank offshore companies for potential tax and corruption risk?
- How can a technological solution can be used to help perform a compliance risk assessment?
- How do Exiger technological solutions assist compliance professionals to improve their corporate culture?
For more information on Exiger, check out the firm’s website here. For more information on Brandon Daniels, check out his firm profile here.
In today’s edition of Daily Compliance News:
- The Anxious Triumph: The Global History of Capitalism, 1860-1914 by Donald Sasson
- The Spirit of Inquiry by Susanna Gibson
- The Last Pirate of New York
- by Rich Cohen
- Songs of America by Jon Meacham and Tim McGraw
In this episode of Trekking Through Compliance, we consider the episode Amok Time which aired on September 15, 1967, Star Date 3372.7.
Compliance Takeaways:
- What is your investigation protocol?
- How do you account for different cultures within your organization?
- When is an internal control override appropriate?
In this episode of Trekking Through Compliance, we consider the episode Operation Annihilate! which aired on April 13, 1967, Star Date 3287.2.
Compliance Takeaways:
- Leadership can require difficult decisions.
- Data analytics will be key for compliance professionals going forward.
- What is your triage program for internal reporting?
Resources
Excruciatingly Detailed Plot Summary by Eric W. Weisstein for Operation Annihilate!
MissionLogPodcast.com-Operation Annihilate!
In today’s edition of Daily Compliance News:
- Trial date set in Theranos criminal trial. (WSJ)
- Deutsche Bank to lay of 20% of workforce. (NYT)
- 86 pounds of drugs found on Brazilian gov plane headed to G20. (Washington Post)
- Shareholders standing up to over-priced M&A deals. (FT)
In this episode of Trekking Through Compliance, we consider the episode City on the Edge of Forever which aired on April 6, 1967, Star Date 3134.
Compliance Takeaways:
- Small accidents and changes can lead to huge consequences.
- You can get a lot more done, if you don’t worry about who gets credit.
- How much can you do with the tools you have at hand?
In this episode of Across the Board, I visit with Henry Wolfe, Chairman of De La Vega, Activist Investor and Author of Governance Arbitrage. We take a deep dive into his recent article; Director Selection Criteria at Public Companies is Poor – Here’s How to Fix It. Some of the highlights from the podcast include:
- The GE Board was classic for diversity and captains of industry. What was wrong with it?
- Where did the requirement for Board independence come from? Why is it the wrong question to ask?
- What is glaringly missing from Board selection today?
- What 3 categories do you suggest (at a minimum) for Board selection?
- What 2 characteristics do you believe every Board member should have?
- Why is competence the key requirement for Board membership?
Check out a copy of Wolfe’s article Director Selection Criteria at Public Companies is Poor – Here’s How to Fix It by clicking here.
Tom and Jay are on opposite coasts yet again. But they are back together to consider Walmart, TechnipFMC and a host of other news from the world of compliance and ethics. They are back to discuss some of this week’s top compliance and ethics stories which caught their collective eyes.
- Last week Walmart, this week TechnipFMC. Harry Cassin breaks it down in the FCPA Blog. Dylan Tokar in the WSJ Risk & Compliance Journal.
- The pundits weigh on Walmart. Tom has a four part series (Part 1, Part 2, Part 3, Part 4) Mike Volkov has a 3-part series (Part 1, Part 2, Part 3) Matt Kelly says it’s the end of an era in Radical Compliance.
- How did Walmart’s $900+ in presettlement expenditures impact its final penalty? Dylan Tokar explores in the WSJ Risk & Compliance Journal.
- Mike Lynch takes the stand in London, says Meg Whitman wasn’t up to the job. Richard Crump reports in Law360.
- After FBI skewered DOJ gets conviction in Boston FCPA sting trial. Department of Justice Press Release.
- Internal control airball in Sacramento? Matt Kelly explores in Radical Compliance.
- What is the state of cyber security in mid-2019? Jonathan Rusch explores on Dipping Through Geometries.
- Does the EU whistleblower initiative enhance corporate culture? Pauline Blondet in CCI.
- Can regulators leverage monitors? Jay Rosen explores on CCI.
- Tom has a special 5-part podcast series this week, looking the current state of compliance with Terry Orr, MD of Kroll, who was the sponsor of the series. Check out the following: Part 1-Orr’s Journey to compliance; Part 2-significant FCPA enforcement actions; Part 3– the new DOJ Guidance; Part 4-Private Equity and Compliance; and Part 5-new challenges in healthcare compliance. 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.
- AP Capaldo-Aoun and Marcia Narine Weldon join the Compliance Podcast Network with their new podcast Integrity Factor. Check them out here.
- Tom and Hanzo combine for a new eBook THE 2019 GUIDE TO INTERNAL INVESTIGATIONS FOR COMPLIANCE – An eBook on Planning, Protocols, Data Collection, Triage, and Remediation. It’s available for download at no charge 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.
In this episode of Trekking Through Compliance, we consider the episode The Alternative Factor which aired on March 23, 1967, Star Date 3087.6.
Compliance Takeaways:
- How do you triage a whistleblower compliant?
- When expanding into new markets scale up your compliance program.
- What is the role of gatekeepers?