Welcome to the Great Women in Compliance Podcast, co-hosted by Lisa Fine and Mary Shirley. First, thanks to all who sent messages, encouragement, comments and thoughts related to Great Women in Compliance’s 100th episode. We are so appreciative and excited for the next 100. So to start out our spring sessions, here is episode 101 where Lisa is starting some discussions about crisis management and how ethics and compliance professionals can help guide and provide the best impact when a crisis occurs. In the first discussion, Lisa speaks with Lisa Krigsten, who is a partner in the white collar and governmental investigations group at Dentons, as well as the managing partner of the Kansas City office. Before joining Dentons, Lisa received a presidential appointment to serve as a Principal Deputy Assistant Attorney General within the DOJ in Washington, DC, and has also been a federal and state prosecutor.
When Lisa was in the government, she prosecuted police officers and departments. In that role, she had a first-hand look at when people start to justify certain actions, and some of the things she addresses and learned are particularly relevant today. Today, Lisa is one of the people that you call in when a crisis occurs. She talks us through how she defines a crisis, initial steps to take, and some of the common threads she has seen when advising organizations. She also reinforces the importance of an organization’s culture and the ability for employees at all levels to speak up.
Lisa also talks about moving from Washington, D.C., back to Kansas City, which is in the midwest of the United States. Not only does she speak about having a regional as well as a global practice, she also includes some information about all the great things about Kansas City.
The Great Women in Compliance Podcast is proudly featured on the Compliance Podcast Network and sponsored by Corporate Compliance Insights. If you enjoyed this episode please subscribe to the podcast and rate it on your podcast player to help other compliance professionals find it. Want to hear more from us? We have a book, “Sending the Elevator Back Down: What We’ve Learned from Great Women in Compliance” (CCI Press, 2020) which is available on Amazon.com and Book Depository.
If you’ve already read the booked and liked it, will you help out other women to make the decision to leverage off the tips and advice given by rating the book and giving it a glowing review on Amazon?
As always, we are so grateful for all of your support and if you have any feedback or suggestions for our 2021 line up or would just like to reach out and say hello, we always welcome hearing from our listeners.
You can subscribe to the Great Women in Compliance podcast on any podcast player by searching for it and we welcome new subscribers to our podcast.
In this edition of Cordery Head to Head @ Home Cordery’s Jonathan Armstrong talks to Lisa Fine. Lisa is currently Director, Compliance, Americas at Pearson. She was formerly the Director of Global Compliance at Gate Group. Lisa is also the Co-Host of the Great Women in Compliance podcast.
Lisa joins us from her home in Washington DC.
They talk about how Lisa became involved in compliance issues after moving from a big law firm in Washington DC. They talk about whistleblowing and some of the cultural challenges in dealing with this in a multinational company. They talk about the need for compliance professionals to sometimes fill a vacuum left by government. They also talk about the future of compliance and whether that is intertwined with the need for organizations to behave ethically.
You can find out more about Lisa here https://www.linkedin.com/in/lisarfine/. You can listen to her podcasts here https://www.corporatecomplianceinsights.com/great-women-in-compliance/
You can find out more about Cordery and its work here https://www.corderycompliance.com/. You can also read about current issues in dealing with the pandemic here https://www.corderycompliance.com/category/covid19/. The changes to whistleblowing laws which Jonathan discusses are detailed here https://bit.ly/euwhistle.
You can watch the film with Richard Levick Jonathan mentions here https://bit.ly/levickfilm. You can view more Cordery Head to Head interviews here www.bit.ly/corderytv.
Categories
What is Risk?
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. This week Matt and Tom take a deep dive into different types of risk including cybersecurity and anti-corruption to lead a broader discuss about the nature of risk, risk management and the future of compliance. Some of the issues we consider are:
- What is risk?
- What are the roles of the CISO and CCO for risk management?
- Who owns risk?
- What does a BOD want to see around risk management?
- What does this mean for compliance officers?
Resources
Matt’s blog post on Radical Compliance:
The Cracks in Third Party Risk Management
The Compliance Life details the journey to and in the role of a Chief Compliance Officer. How does one come to sit in the CCO chair? What are some of the skills a CCO needs to success navigate the compliance waters in any company? What are some of the top challenges CCOs have faced and how did they meet them? These questions and many others will be explored in this new podcast series. Over four episodes each month on The Compliance Life, I visit with one current or former CCO to explore their journey to the CCO chair. This month, my guest is Jonathan Kellerman, Partner at StoneTurn and former CCO at Allergan. In this Episode 3, we details Kellerman’s move to the CCO chair at the company which became Allergan. Kellerman was recruited by Saunders, who by then had moved to the company which became Allergan. Kellerman took over as the Global Chief Compliance Officer and served on the Executive Leadership Team. He had to engage “new muscles” for both of there roles. He led the design, creation and implementation of a risk management function that brought a singular focus to ethics and accountability, while serving on the ELT.
Resources
Jonathan Kellerman LinkedIn Profile
Jonathan Kellerman StoneTurn Profile
StoneTurn
Effective controls are the lifeblood of what makes a compliance program work. In today’s episode of The Compliance Podcast, Thomas Fox sits down with for Global Chief Compliance Officer Eric Young and talks about internal controls, how human conscience overrides technology, and emphasizing the long-term benefits of running clean organizations in the compliance space.
Major takeaways discussed in the episode:
- From financial institutions to public corporations — understand that compliance & ethics bridges enterprise risk management and a system of internal controls, including internal accounting controls. It also is the fabric that cuts across the E-S-G, which is not yet viewed enough this way.
- Know that an effective system of internal controls is about people, processes, and technology. People are the most important of the three because, without people, functions won’t be clearly defined and assigned. Technology accelerates the flawed processes, gaps, and weaknesses leading to loss of data integrity and controls.
- The COVID-19 pandemic has created a shift and has become an important opportunity for compliance to be the drivers of ethics and to stand as owners of the code to shape the behavior of corporations, not just focusing on maximizing profits but responsibly safeguarding employees
- Be constantly reminded that a robust set of controls can be the backbone for financial management, but compliance and ethics can help a company build more efficient business process systems.
Connect with Eric Young
A compliance practitioner for 40 years, Eric re-engineers & advises firms on how Compliance, Ethics, Conduct, and RegTech programs can enable safe, healthy, sustainable growth.
LinkedIn: linkedin.com/in/youngerict
The Compliance Handbook
Thomas Fox, the Compliance Evangelist®, is one of the leading writers, thinkers, and commentators on anti-bribery and anti-corruption compliance. In this latest edition of The Compliance Handbook, he continues to arm seasoned compliance professionals and those new to the realm with the practical, actionable guidance and tools needed to design, create, implement and continually enhance a best practices compliance program.
The “Nuts and Bolts” for Creating a Comprehensive Compliance Plan
This chapter of this unique work lays out a succinct yet thorough one-month approach to operationalizing a company’s compliance regimen. Beginning with a section on what 2020 brought to the compliance landscape, each chapter methodically outlines best practices for everything from establishing policies, procedures, and internal controls, to assessing risk, training, handling investigations, and more. Each day ends with three key takeaways you can implement at little or no cost.
Understanding Compliance Responsibility Across the Organization
The Compliance Handbook also takes a close look at all professionals’ roles with compliance responsibility, from Compliance Officers and Boards of Directors to Human Resources, to Internal Audit and Internal Controls and Communications and Training professionals.
In-Depth Treatment of Hot Topics and Trends
The Handbook provides an in-depth look at the latest thinking and trends for the full range of critical compliance topics, including:
- Compliance and business ventures
- Third-party risk management
- The Board’s Role in Compliance
- Continuous improvement
- Compliance innovation
- And much more
Incorporating Current Government Pronouncements
The Second Edition incorporates the most current government pronouncements governing best practices compliance programs, including the 2019 Evaluation of Corporate Compliance Programs released by the Fraud Section of the Department of Justice, and its 2020 Update; the updated FCPA Resource Guide 2nd edition; the Framework for OFAC Compliance Commitments; and the 2019 DOJ Antitrust Division’s Evaluation of Corporate Compliance Programs in Criminal Antitrust.
eBooks, CDs, downloadable content, and software purchases are non-cancellable, non-refundable, and non-returnable. Click here for more information about LexisNexis eBooks. The eBook versions of this title may feature links to Lexis + for further legal research options. A valid subscription to Lexis + is required to access this content.
Order your copy OR copies of The Compliance Handbook: A Guide to Operationalizing Your Compliance Program. Save 25% off.
http://www.lexisnexis.com/fox25
In this special podcast series, One Stone Creative co-founder Megan Dougherty and Tom Fox, the Voice of Compliance indulge in their love of all things MCU by watching and discussing the Falcon and the Winter Soldier. In this episode we look at episode 5 of the series currently running on the Disney channel. Some of the highlights include:
Synopsis
Cookies
- Truth and Isiah Bradley
- Torres as the new Falcon
- Contessa Valentina Allegra de Fontaine
- Zemo and Bucky; Zemo to the Raft
- Sam tells bucky to make amends to others, not for himself
- Sam and Bucky on the boat. Stay away from my sister!
- A gift from the Wakandans?
- Post-credits scene – the new shield.
- Did Batroc deliver some kind of brainwashing device?
Issues
- Did Bucky and Cap conspire to give the shield to Sam?
- Why does Sam take the mantle now?
- Is Bucky finally getting better?
- Sharon Carter and Batroc the Leaper?
- What about the new Captain America?
So kick back and enjoy the MCU universe on the small screen and then check out this special series on Popcorn and Compliance.
Stacey Hanke is an author, keynote speaker, and the founder of Stacey Hanke Inc. The goal of Stacey Hanke Inc is to help leaders become their true selves by equipping them with the tools to increase their confidence and authenticity. Tom Fox welcomes her to this week’s show as they discuss influence and how it can help leaders and people who simply wish to learn how to become better employees.
The Importance of Consistency
Tom asks Stacey to explain why consistency is critical to influence. Stacey expresses that it shows our peers, customers, and employees who we truly are as business leaders. Consistency in all forms within your organization – from how you answer messages and calls, to how you show up for interactions – builds trust. The moment we stop behaving consistently, we run the risk of individuals second-guessing who we are, and that creates a break in trust. Trust is the backbone of influence. Trust comes from respect, and they both work together to drive influence, so leaders have to stay consistent and reliable.
Deliberate Practice
“What’s practiced in private, gets rewarded in public,” Stacey says, quoting Michael A. Jordan. She adds that the training and mentoring she does is about what she calls “deliberate practice.” Deliberate practice is focusing on a different aspect of whatever skill you wish to work on, and practicing each aspect on a different day. It’s the mindset that every time you show up, it’s an opportunity to practice the whole idea of influence. It’s to practice as you’re delivering.
Influence Virtually
Tom asks Stacey to explain how leaders can maintain their influence in a virtual environment. Stacey gives an anecdote of how she and her team went about doing so. She stresses writing down how you influence, engage, and interact in person, and then applying the same concepts to virtual meetings. She also advises leaders to adapt their messages based on where their listeners are.
False Feedback, and The Influence Model
“We don’t know what we don’t know,” Stacey says. She tells Tom about being given false feedback and gives the analogy of being a professional athlete being praised all the time. The true meaning of influence, she points out, is really consistency. Tom asks her to explain her influence model. She responds that it’s like a triangle with three “key drivers”: feedback, deliberate practice, and accountability. Feedback is what works and what doesn’t, and you can only build the feedback on deliberate practice. The final component is accountability which is simply improving our influence through the coaches in our lives.
COVID-19 has exposed the lack of consistency in influence now that we’ve all been pushed into a virtual environment. Adaptability to new platforms and to people should be our focus moving forward.
Resources
Stacey Hanke | LinkedIn, Twitter
StaceyHankeInc.com
ESMA Updates, MiFIR & Transaction Reporting Trends
In this episode, CSS’s Chief Product Officer Ronan Brennan sits down with Regulatory Specialist Nicklas Nilsson to discuss the latest updates from ESMA on MiFIR in the world of transaction reporting and the trend to consolidate regulatory reporting and data going forward.
About Our Guest Speakers:
Ronan Brennan is the Chief Product Officer at Compliance Solutions Strategies (CSS). In his role, he has direct responsibility for the strategic evolution of the global suite of CSS products and regulatory content. Managing product in CSS involves ensuring the product suite is ready to support both the current and future compliance management and regulatory reporting needs of investment management and advisory firms globally. Ronan participates as a speaker in many industry events each year, in addition to publishing a company blog and development of thought leadership materials. Ronan has 26 years of experience in the technology sector, 21 of which have been spent in the investment data management and regulatory reporting space.
Nicklas Nilsson is a Regulatory Specialist at CSS concentrating on global transaction reporting, including SFTR, MiFIR and EMIR. Nicklas is currently in a cross-functional role covering the regulations from analysis to implementation. He has eight years of experience working in the finance industry, including operational experience in fund reporting and regulatory implementation. Prior to joining CSS, Nicklas held positions at Swedbank, SEB and Wahlstedt Sageryd.