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Daily Compliance News

Daily Compliance News: June 10, 2023 – The Don’t Want No Stinking Compliance Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen to the Daily Compliance News. All from the Compliance Podcast Network. Each day we consider four stories from the business world, compliance, ethics, risk management, leadership, or general interest for the compliance professional.

Stories we are following in today’s edition:

  • The corruption in belts and suspenders. (WSJ)
  • Alleged Texas AG bribe payor arrested. (Bloomberg)
  • Short seller as due diligence guru. (FCPA Blog)
  • You don’t need any stinking compliance. (FT)
Categories
Because That's What Heroes Do

Because That’s What Heroes Do – Firefly – Episode 3, Bushwhacked

Megan and I go in a different direction for our next sci-fi series as we take up the 2002 series Firefly. The show is an American space Western drama television series. The series is set in the year 2517, after the arrival of humans in a new star system, and follows the adventures of the renegade crew of Serenity, a “Firefly-class” spaceship. The ensemble cast portrays the nine characters who live on Serenity.

Are you a fan of the sci-fi series Firefly? Join hosts Tom Fox and Megan Dougherty as they delve into the gritty, gruesome world of the Reavers in the latest episode of Because That’s What Heroes Do. In this gripping discussion, the hosts explore the harrowing third episode of the show, “Bushwhacked,” and its disturbing themes of cannibalism, self-torture, and survival. As they analyze the episode’s implications and the crew’s terror at encountering the Reavers, they also touch on the Western-inspired frontier of the show and its thematic ties to Canadian settler traditions and Greek mythology. With insightful commentary on character development and the show’s signature humor, the hosts take listeners on a fascinating journey through the outer reaches of space. Don’t miss this thrilling episode of Because That’s What Heroes Do!

Highlights:

  • Overview and Opinion on this disturbing episode
  • The Horror
  • Becoming desensitized to trauma
  • Police Response and Booby Traps on Settler Ships

 Resources

Megan Dougherty 

LinkedIn

One Stone Creative

Twitter

Tom 

Instagram

Facebook

YouTube

Twitter

LinkedIn

Categories
Kerrville Weekly News Roundup

Kerrville Weekly News Roundup: June 9, 2023

Welcome to the Kerrville Weekly News Roundup. Each week, veteran podcaster Tom Fox and his colleagues Andrew Gay and Gilbert Paiz get together to go over a couple of their favorite stories from the past week from Kerrville and the greater Hill Country. Sit back, enjoy a cup of morning coffee and listen in to get a wrap up of the Kerrville Weekly News. We each consider two of our favorite stories and talk about the upcoming weekend’s events which will enjoy or participate in this weekend.

In this episode, Tom and Andrew discuss the following stories which caught their attention over the past week.

·      Tom talks about the Kerrville Folk Festival, Parker Wolf and his grandparents from Centerpoint, Janet and Jim Wolf. Parker will play at Carnegie Hall this summer. He ends by reminding folks to be careful about being outside in the heat.  and Camp Stewart celebrating its centennial this year.

·      Andrew talks about the Meals on Wheels for pets program at Dieter Center, which received a matching grant from PetSmart. They also delve into the topic of human smuggling and issues at the southern border and concludes with the Shatter the Stigma 5K and fun run on Saturday, June 10, at Schreiner University’s Trailhead Beer Garden to raise awareness for mental Health.

Resources

Tom Fox on LinkedIn

Gilbert Paiz on LinkedIn

Andrew Gay on LinkedIn

Texas Hill Country Podcast Network

Categories
2 Gurus Talk Compliance

2 Gurus Talk Compliance – Once A Con, Always A Con

What happens when two top compliance commentators get together? They talk compliance of course. Join Tom Fox and Kristy Grant-Hart in their podcast, 2 Gurus Talk Compliance, as they dive into hot compliance topics. In this episode, they cover the Elizabeth Holmes goes to prison, the current office imbroglios, a record whistleblower award, the perils of using ChatGPT, cyber breach reporting, Gartner and trust and lightening and compliance. With their unique insights and engaging storytelling, this podcast is a must-listen for anyone in the compliance field. Don’t miss the latest episode of 2 Gurus Talk Compliance and stay ahead of the curve!

Highlights Include

·      Racial Justice at the Board

·      Gartner FCPA enforcement action

·      Cyber Incident Reporting

·      AI and Corporate Governance

·      Once a con, always a con

·      Record whistleblower award

·      WFH, RTW and Hybrid-Work

·      CCO Comp

·      Using ChatGPT

·      Penalties low, benefits high

 Resources 

  1. Racial Justice Initiative
  2. Gartner FCPA enforcement action
  3. FSB Report on Cyber Incident Reporting
  4. AI and Corporate Governance
  5. What the Hell Happened Here?.
  6. Record $279 Million Whistleblower Award
  7. Thank Goodness We Didn’t Get Struck by Lightening
  8. 3 Tips for Adapting to the Post-Pandemic Culture Shock at Work
  9. CCO Compensation Up 8%
  10. Here’s What Happens when Your Lawyer Uses ChatGPT

Connect with Kristy Grant-Hart on LinkedIn

Spark Consulting

Tom

Instagram

Facebook

YouTube

Twitter

LinkedIn

Categories
31 Days to More Effective Compliance Programs

One Month to a More Effective Compliance Program with Boards – OIG Guidance for Boards Regarding Compliance

The OIG white paper “Practical Guidance for Health Care Governing Boards on Compliance Oversight” (OIG Guidance), provides an excellent road map for thinking about how to structure a Compliance Committee for your Board and a Board’s obligations. As an introduction, the OIG Guidance states that a Board must act in good faith around its obligations regarding compliance. This means that there must be both a corporation information and reporting system and that such reporting mechanisms provide appropriate information to a Board. It states: The existence of a corporate reporting system is a key compliance program element, which not only keeps the Board informed of the activities of the organization but also enables an organization to evaluate and respond to issues of potentially illegal or otherwise inappropriate activity.

The OIG Guidance sets out four areas of Board oversight and review of a compliance function:

  1. Roles of, and relationships between, the organization’s audit, compliance, and legal departments;
  2. Mechanism and process for issue-reporting within an organization;
  3. Approach to identifying regulatory risk; and
  4. Methods of encouraging enterprise-wide accountability for the achievement of compliance goals and objectives.

The OIG Guidance is an excellent review for not only compliance professionals and others in the healthcare industry but a good primer for Boards around their duties under a best practices compliance program. The U.S. Sentencing Guidelines, the Hallmarks of an Effective Compliance Program, the OIG Guidance, and OIG Corporate Integrity Agreements can be used as baseline assessment tools for Boards and management in determining what specific functions may be necessary to meet the requirements of an effective compliance program.

Three key takeaways:

  1. Information flow up to the Board is critical.
  2. Compliance should be institutionalized in your company as a way of life.
  3. A Board needs to consider all risks.

For more information check out The Compliance Handbook, 3rd edition, available from LexisNexis here.

Categories
Daily Compliance News

Daily Compliance News: June 9, 2023 – The An Island of Corruption Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance brings to you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the Daily Compliance News. All, from the Compliance Podcast Network. Each day we consider four stories from the business world, compliance, ethics, risk management, leadership, or general interest for the compliance professional.

·       Gary Gensler has never seen so much non-compliance. (WSJ)

·       Jes Staley says it was all JPMorgan.  (Reuters)

·       Texas AG was his own ‘Island of Corruption”. (Governing)

·       Zuckerberg lays out his vision for Meta.  (NYT)

Categories
Daily Compliance News

Daily Compliance News: June 8, 2023 – The End of Rock and Roll? Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen to the Daily Compliance News. All from the Compliance Podcast Network. Each day we consider four stories from the business world, compliance, ethics, risk management, leadership, or general interest for the compliance professional.

Stories we are following in today’s edition:

·       Can risqué music be banned? (WSJ)

·       What will PGA’s sponsors do?  (WSJ)

·       EU eases class action rules. (WSJ)

·       Climate change is real.  (WSJ)

Categories
From Last to First

The John Aceti Story – Episode 6: A School – Business Partnership

What is the measure of a man? What is a life well lived? I have often thought about those questions, and with John Aceti’s help, I had the opportunity to explore them through John’s amazing life. Spry and vibrant at 93, I met John after he had published his 7th book in 92. As I got to know him and his life story, I wanted him to share his amazing and inspiring journey from Niagara Falls in the 1930s to his current life in the Hill Country of Texas. Overcoming a humiliating incident at age 8, John was the first in his family to go to college, served in the Air Force, became a teacher and principal, and retired from his first career. In his second career, he and his wife traveled internationally and ended up in Kerrville, Texas, where John began another career as an author. Join me on this fascinating journey From Last to First with John Aceti.

Do you want to learn about the power of public-private partnerships in education? Tune in to the podcast From Last to First-The John Aceti Story! Host Tom Fox sits down with John Aceti to discuss his experience initiating partnerships between school districts, businesses, and industries. From grabbing the attention of corporate folks during lunch to implementing unique programs for students, John shares his expertise in building successful collaborations. Discover how a 3-hour workshop can align the needs of the school and corporation to benefit both parties.

Join Tom and John on their journey to inspire creative thinking and education reform. Don’t miss this exciting and informative podcast episode!

Key Highlights:

·      Creating School-Business Partnership Program

·      Successful implementation of a school tutoring program and student shadowing

·      Expanding Job Shadowing Program in Schools

·      Implementing a Science Program in Schools with Industrial Site Visits

·      Dealing with unexpected scenarios during meetings

·      Lessons from a Successful Program

Notable Quotes:

“And what a lesson it was for me to sit down with 3 corporate people and 1 educator at lunchtime.”

“I said, how the heck do I get their attention? Is that right now I’m not getting any attention?”

“I said minimum 10000 dollars, and they all went what? Are you kidding me? I said yes but got your attention, didn’t I?”

“What are your needs, folks? I came up with a partnership agreement.”

Resources

John Aceti’s author’s page on Amazon

Categories
Pawtastic Friends - The Paw Talk

Pawtastic Friends – The Paw Talk – Mia, Gotti & Buddy

Welcome to the newest addition to the network, Pawtastic Friends-The Paw Talk. In this podcast, host Tom Fox will visit with Michael and Melissa Novelli, co-founders of Pawtastic Friends as well as those who work with them at Pawtastic Friends. Michael and Melissa are dedicated to helping shelter and rescue dogs in the Las Vegas area become more adaptable, through enrichment training and activities such as yoga and aquatics training, as well as obedience and agility. This podcast is sure to tug on your heart strings, just listen to how sweet this one dog is! Tune in now to hear more from Michael and Melissa Novelli as they discuss their passion for helping pups in need.

Tom Fox is back with Michael Novelli and Melissa Novelli from Pawtastic Friends as they discuss their inspiring work with rescue dogs. Discover how even fearful dogs, like Mia, can be rehabilitated with patience and care. Hear the heartwarming story of Gotti and Me rescue dogs who found loving homes after being given a second chance. Lastly, don’t miss the story of Buddy, a sweet pup who was rescued from a cruel situation and desperately needed a foster family. Tune in to The Paw Talk for all this and more, and be reminded that rescue dogs are not broken – they just need a little love and a lot of care.

Dogs Featured 

·      Mia

·      Gotti

·      Buddy

Quotes

“These dogs aren’t broken. They just need another chance because where they were living before, unfortunately, it didn’t work out for them.”

“He was rescued from a cruelty case. And somebody else took him, and he wasn’t being taken care of.”

“I just fell in love with him. He was a little brindle pity, kind of scared of people.

“He’s an older guy. He’s a distinguished gentleman. Super sweet.”

Resources

Pawtastic Friends

Categories
Life with GDPR

Life with GDPR-$1 Billion Fine: Meta’s GDPR Violation

Tom Fox and Jonathan Armstrong, renowned experts in cyber security, co-host the award-winning Life with GDPR. In this episode, they discuss the recent billion-dollar fine imposed on Meta (formerly Facebook) for violating data protection laws. They break down the significance of this ruling, which limits standard contractual clauses and requires due diligence checks when transferring data from the EU to the US. Discover the consequences and potential appeal arguments of the European Court of Justice’s ruling on data privacy. They delve into the challenges of harmonizing data protection authorities in the EU and how this affects corporations. Find out why the lack of consistency among regulators cannot be fixed overnight. Take advantage of the engaging and informative discussion that can help organizations navigate the complex landscape of GDPR and data privacy. Tune in to “Life with GDPR” now!

 Key Takeaways:

·      Facebook fined $1 billion for data transfer

·      Meta’s GDPR Noncompliance and Data Transfer Suspension

·      Irish Data Protection decision overruled by EDPB

·      Challenging GDPR court order in Ireland

·      Data Transfer from EU to US: Safe or Unsafe?

·      GDPR differences in privacy enforcement

 Resources

For more information on the issues raised in this podcast, check out the Cordery Compliance, News Section. For more information on Cordery Compliance, go their website here. Also check out the GDPR Navigator, one of the top resources for GDPR Compliance by clicking here.

Connect with Tom Fox

●      LinkedIn

Connect with Jonathan Armstrong

●      Twitter

●      LinkedIn