Categories
Creativity and Compliance

Creating Psychological Safety in Compliance


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. In this episode, Tom and Ronnie discuss a recent article by Ronnie “Laughing Your Way To A Speak-Up Listen-Up Culture: Psychological Safety Through Improv & Entertainment”. Some of the highlight include:

  • How can you create psychological safety through entertainment?
  • What are the key challenges in influencing a Speak-Up Listen-Up?
  • What are four lessons from the improv, comedy & entertainment world that can help establish a psychological safe environment of trust and support?
  • How can we utilize the philosophies and skills of improvisation and the tools of entertainment in service of our messaging to actively influence our culture?

Resources:
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.
Tales from the Hotline – check out some samples.

Categories
This Week in FCPA

Episode 257 – the More Cheating in Baseball edition


Jay is back from moving. He and Tom are shocked, shocked that there is another cheating scandal in baseball. While ruminating on just how shocked they are, they take a look at this week’s stories top compliance and ethics stories which caught their interest on This Week in FCPA in the More Cheating in Baseball edition.
Stories

  1. This year’s cheating scandal in baseball. Stephanie Apstein and Alex Prewitt in SI. David Waldstein in NYT. Buster Olny in com. Tom takes a deep dive in three blog posts on the FCPA Compliance and Ethics Blog.
  2. EU Prosecutor’s Office opens for business. Jon Rusch in Dipping Through Geometries.
  3. Exxon BOD vote should be a wake up call. Jaclyn Jaeger in Complinace Week. (sub req’d)
  4. Compliance when no one is watching. Julie DeMauro in the FCPA Blog.
  5. What are 5 things CCOs can do to comply with Biden’s Statement on Corruption? Al Barbarino in Law360.
  6. What do pirates teach us about leadership? Fransesca Gino in XpertsLeague.
  7. Should CCOs run ESG? Mike Volkov say ‘No’ in Corruption, Crime and Compliance.
  8. Is your Supply Chain ethical? Andrew Blasi and Nicolas Diamond in CCI.
  9. What are some reasons for the lack of FCPA enforcement? Harry Cassin speculates in the FCPA Blog.
  10. Get on one page for risk management. Sandar Erez in CCI.

Podcasts and Events

  1. CPN premiers a new podcast, The ESG Report. In the first episode, Tom has a two-part series featuring Trysha Daskem, head of ESG at Silver. Check out Part 1 and Part 2.
  2. How does history inform compliance? What are the leadership lessons from ancient Greeks and Romans? Find out in this special 10 part podcast series on famous Greeks and Romans from Plutarch’s Lives this week on 12 O’Clock High, a podcast on business leadership, hosted by Richard Lummis and Tom Fox. In Episode 1, they mined Plutarch about the lives of and leadership lessons from Themistocles and Camillus. In Episode 2, they looked at Solon and Popsicola.
  3. Trekking Through Compliance Returns! Tom reviews all 79 episodes of Star Trek, the Original Series beginning June 1. Each day at 3 PM on the Compliance Podcast Network. This week’s offerings included The Conscience of a King, Balance of Terror, Shore Leave, The Galileo Seven and The Squire of Gothos.
  4. Vin DiCianna turns the tables on Tom by interviewing him for this week’s Integrity Through Complaince. Check it out here.
  5. Join Convercent for a Converge Innovation Forum, with a look into the future of compliance on risk visibility up, down, and across the businesson June 23 at 11 AM CT. for information and registration click here.
  6. On July 1, join K2 Integrity’s Snezana Gebauer and Darren Matthews will present a webinar on asset tracing at the IBA Global Influencer Forum. Learn more and register: https://www.k2integrity.com/en/events/k2-integrity-webinar-at-iba-global-influencer-forum-fraud-debt-and-judgements-how-to-maximize-asset
  7. Tom announces his latest book, The Compliance Handbook, 2nd edition is available for presale purchase. Use the code FOX25 and go here. The Compliance Handbook 2ndedition will be available in both print and eBook editions.

Tom Fox is the Voice of Compliance and can be reached at tfox@tfoxlaw.com. Jay Rosen is Mr. Monitor and can be reached at jrosen@affiliatedmonitors.com.

Categories
Daily Compliance News

June 18, 2021 the When a Contract is not a Contract edition


In today’s edition of Daily Compliance News:

  • When is a contract not a contract? (WSJ)
  • More CCO protections coming? (WSJ)
  • DOJ sues to block merger. (NYT)
  • Former PCAOB head under investigation. (Reuters)
Categories
Digging Deeper

Digging Deeper Episode 9: From Hurricane Sandy to a Pandemic – The Role of Integrity Monitoring


When natural disasters or crises hit, governments deploy resources rapidly to try remediating current or to mitigate future damage. But who watches where the money goes? Tejah Duckworth spent the early part of her career in the public sector, notably overseeing Rapid Repairs Program in NYC after Hurricane Sandy. She took lessons from the public sector and now uses them in the private sector, most recently helping governments monitor pandemic-related funds.

In this episode, Tejah shares some of the key stories from her career and the role of integrity monitoring. Tune into Digging Deeper, episode 9 to hear more.
Listen to more episodes of Digging Deeper:

Digging Deeper, an investigative podcast series by K2 Integrity, helps shine a light on the investigations industry as few can: via the real-world, exceptional practitioners who, day in and day out, conduct this work across sectors and around the globe. Listen in to each episode where guests explore unique cases and share what they uncovered along the way to crack the code for clients. Learn more by clicking here, or subscribe on Apple Podcasts, SoundCloud, Spotify or Stitcher. 
 

Categories
Compliance Kitchen

TikTok Sanction Changes


Staying local, the Kitchen reviews the recent Executive Order that ended TikTok and WeChat restrictions, but introduced new ones.

Categories
12 O’Clock High-a podcast on business leadership

Plutarch’s Lives- Solon and Poplicola


12 O’Clock High, a podcast on business leadership brings together stories from history, the arts and movies, research and current events to consider leadership lessons. In this episode, Richard Lummis and Tom Fox begin a 10-part summer series on leadership lessons from biographies found in Plutarch’s Lives. Each week we will pair an ancient Greek and Roman to learn about their lives, the comparison and contrast between the two men and what leadership lessons with might draw from their lives. In today’s episode we look at the Greek Solon and the Roman Poplicola. Highlights include:

  • Introduction of Plutarch’s Lives as historical work.
  • Lives of Solon and Poplicola.
  • Comparison in the lives of Solon and Poplicola.
  • What leadership lessons can be drawn from the lives of Solon and Poplicola.

Resources
Plutarch’s Lives by Bill Thayer

Categories
The ESG Report

Trysha Daskam on ESG: Opportunities and Risks Part 2


 
Trysha Daskam is back for part 2 of The ESG Report. In this episode, she and Tom Fox are discussing what investors are looking for regarding ESG, the rise of ESG products, and making your ESG policy actionable and regulator-friendly.
 

 
ESG is a Must-Have
Tom and Trysha discuss what companies seeking investment need to have regarding ESG. “Maybe a year ago,” she remarks, “ESG was nice to have… today we are really in an environment where ESG is a must.” Placement managers and individual investors are demanding that firms state their position on ESG risk, as well as how they incorporate ESG into their investment strategy and how they manage those investments. In addition, Trysha points out, the industry is maturing so there are more tools companies can use to define their ESG programs. “I think we’re in a place where if you do not have a perspective on ESG you’re really behind at this point,” she comments. More companies are communicating their ESG commitment through their websites as well as their marketing materials, she tells Tom.
 
Key ESG Risk Areas
“Highlight some of the key ESG risk areas you see,” Tom asks Trysha. Companies struggle with how to put their ESG policy into action, she answers. Two other risk areas are that ESG policies may be too vague or may prescribe practices that the company has no competency to implement. She reminds listeners, “You must do what your policy says… It is better to have a policy that is very small in terms of its perspective but is accurate; that you are actually able to accomplish.” You can always build on your policy as you grow. Also, she emphasizes, appoint someone to check that you’re actually implementing your ESG policy. “The greatest risk with any policy or procedure at a firm is that you would not be able to substantiate that you did what you said you were going to do.” Most importantly, your ESG policy must effect some change. “If you’re a firm that has an ESG program that doesn’t require anybody to do anything, then what is the point of that policy? Why even have it?” Trysha argues.
 
ESG Trends
US investment managers are trending towards an ESG integration strategy, while for managers in the EU, launching an ESG product is the foremost strategy. There has also been an increase in ESG tools and benchmarking products, which “create a landscape for firms to think through the tools that they can use to tell their ESG story more elegantly,” Trysha says. However, you should vet whichever tool you choose with the same thoroughness as you would vet a third party vendor, she cautions. Tom asks where a company should start around ESG. Start by evaluating how comprehensive your ESG policy is, Trysha advises. 
 
Resources
Silver Regulatory Associates
How EU Climate Regulations May Affect US Private Fund Managers
 

Categories
Everything Compliance

Episode 81, the Biden on Corruption Edition


Welcome to the only roundtable podcast in compliance. Today, we have a quartet of Matt Kelly, Jonathan Marks, Mike Volkov and special guest panelist Kortney Nordrum for a deep dive into the recent President Biden Statement and Memorandum making corruption a national security issue. We end with a veritable mélange of rants and shouts outs.

  1. Mike Volkov looks at it from the regulatory/prosecutorial perspective and what it might mean for enforcement. Volkov rants about the DOJ investigations into Democratic members of Congress under the Trump Administration.
  2. Jonathan Marks says that everything in the President’s Statement should not be surprise but it is a wakeup call for BODs. Marks shouts out to the FBI for recovering the bitcoin payment made by Colonial Pipeline to the cyber hackers who breached it.
  3. Kortney Nordrum sits in as a special guest panelist. She looks at the Statement and Memorandum from the perspective a CCO. Nordrum rants about OSHA who after promising guidance for companies on return to work after Covid-19, only does so for health care organizations.
  4. Matt Kelly considers the Statement and Memorandum from cryptocurrency perspective and considers what additional legislation might come out of the national security review. Kelly has his own epic rant about Texas’ own Congressman Louis Gohmert who asked a Department of Forestry representative if they had looked at altering the orbit of the earth or moon to combat the effects of climate change.
  5. Tom Fox shouts out to the Department of Justice who indicted two US citizens who were engaged in bribery and corruption in trying to persuade the Trump Administration to order the DOJ to drop its investigation into 1MDB.

Additional Resources:
Matt Kelly blog post on Radical Compliance, Biden Puts Anticorruption Centerstage 
Mike Volkov Podcast on Crime Corruption and Compliance, The Biden Administration Announces Anti-Corruption Battle as National Security Interest 
Tom Fox takes a deep dive into the Statement and Memorandum on the FCPA Compliance and Ethics Blog
Biden Statement
The Biden Administration, Corruption and National Security
Are You a Compliance Evangelist?
The Role of Corporate Compliance 
The members of the Everything Compliance are:

  • Jay Rosen– Jay is Vice President, Business Development Corporate Monitoring at Affiliated Monitors. Rosen can be reached at JRosen@affiliatedmonitors.com
  • Mike Volkov – One of the top FCPA commentators and practitioners around and the Chief Executive Officer of The Volkov Law Group, LLC. Volkov can be reached at mvolkov@volkovlawgroup.com
  • Matt Kelly – Founder and CEO of Radical Compliance. Kelly can be reached at mkelly@radicalcompliance.com
  • Jonathan Armstrong –is our UK colleague, who is an experienced data privacy/data protection lawyer with Cordery in London. Armstrong can be reached at armstrong@corderycompliance.com
  • Jonathan Marks is Partner, Firm Practice Leader – Global Forensic, Compliance & Integrity Services at Baker Tilly. Marks can be reached at marks@bakertilly.com

The host and producer, ranter (and sometime panelist) of Everything Compliance is Tom Fox the Voice of Compliance. He can be reached at tfox@tfoxlaw.com. Everything Compliance is a part of the Compliance Podcast Network.

Categories
Daily Compliance News

June 17, 2021 the Eat More Tacos edition


In today’s edition of Daily Compliance News:

  • Olympian blames failed drug test on burrito. (WSJ)
  • PwC to add 100K in headcount. (FT)
  • Italien prosecutors of ENI now under investigation. (Reuters)
  • End of cheap money? (NYT)
Categories
Compliance Kitchen

Israel Boycott Sanctions Update and the UAE


Looking at the developments in the boycott sanctions area, the Kitchen takes a look at the recent law in the UAE in regards to ending its boycott practices as to Israel.