Categories
Voices of Data Protection

Information protection strategies and roadmap


In this episode, we take a scenic stroll through all the work that’s gone into the Microsoft Information Protection pillar of the Compliance suite with Mathili Dandige, who leads this initiative for Microsoft. We also weave pearls of wisdom from industry expert Joel Oleson, Director at Perficient and Microsoft MVP, who provides us with unique customer sentiments and stories about the information protection landscape.

Voices of Data Protection is a show about the latest processes and solutions to help you manage your data, keep it safe, and stay compliant. We talk with industry experts, leaders, and program managers from Microsoft to learn how digital transformation is accelerating the need for compliance, how organizations are navigating this new landscape, and learn best-in-class practices and solutions to get your organization started and bring compliance to the next level. Transcripts are available for all episodes. For more infomration, visit: https://aka.ms/voicesofdataprotection
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Categories
Innovation in Compliance

Learning Rather Than Training with Eric Shepherd


 
Eric Shepherd is the former CEO of Question Mark. In 2019 he stepped down and now runs a non-profit company called Talent Transformation, focused on helping individuals understand the future, leadership, and learning. Tom Fox welcomes Eric onto his week’s show as they discuss the ways organizations can better develop through a focus on learning rather than training.
 

 
The Rise in Technology
With the rise in technological advances and automation, machines will be replacing human tasks, and what this means is that individuals will need to acquire new skills. “People will need to learn new skills and be more agile in their approach to work,” Eric says. “Just as technology is going to disrupt a lot of jobs, we can also use technology to help us learn the skills required for the 21st century,” he adds. He iterates that communication, collaboration, and conflict resolution are some of the most important skills that need to be developed and nurtured. Eric also adds that employees will feel bitter at having been displaced, and it is up to society to provide learning systems to help them transition into new roles.
Talent Transformation Pyramid
Eric had a good understanding of assessing knowledge skills and abilities but not of assessing behaviors, emotional intelligence, or personality traits. Understanding how mindset and skillset would support readiness and performance was important. “How would people be ready to do tasks and how would they perform but being based on both their behaviors and social-emotional intelligence,” he adds. He explains to Tom that the concept was hard to explain to people, so he created the ‘talent transformation pyramid’, showing how personality traits and cognitive systems would support performance at an individual level, team level, and organizational level. 
CEO Sets The Culture
Tom asks Eric what he sees as the CEO’s role in talent transformation, especially in regards to the coronavirus pandemic. Eric stresses that the CEO has to set the organizational culture and that that culture would differ depending on what business they’re running. In these uncertain times, employees are being bombarded with different fears that will affect their work performance. CEOs need to address those fears and establish a culture that says wellness, psychological safety, and inclusion are important. It has to come from the top, he argues.
Learning Through Culture
Eric reiterates that the majority of repetitive tasks are going to be replaced by machines. What this means for humans in the future is that there will be more focus on creativity, communication, collaboration, and cooperation. Learning through culture will see organizations become more successful because they are being more creative and embracing the possibilities of the future. “The company that can embrace those talents and those skills is actually going to be more efficient, and having greater efficiency would lead to greater profitability simply because they’re more agile and they’re more nimble.”
Learning Rather Than Training
Tom asks Eric to explain how the pandemic has changed his approach. Eric explains that now his company acts more as business advisors rather than doing actual assessments. With the impact of COVID-19, Eric has been uploading a lot of content to YouTube and his company’s website. Tom also asks Eric what companies need to think about in the next few years in regards to talent transformation. “Think about learning rather than training. Think about culture.”
 
Resources
Eric Shepherd | LinkedIn, Twitter 
TalentTransformation.com
eric@talenttransformation.com
Talent Transformation by Eric Shepherd and Joan Phaup

Categories
Daily Compliance News

March 9, 2021, DOJ Hires Compliance Expert edition


In today’s edition of Daily Compliance News:

  • DOJ adds compliance expertise. (WSJ)
  • Think Russia hacking was bad? Try Chinese. (NYT)
  • Chamber of Commerce endorses Gensler. (WaPo)
  • Local content, try required local headquarters. (FT)
Categories
Leading the Way

Ellen Hunt and a Journey in Compliance


Welcome to the latest addition to the Compliance Podcast Network, Leading the Way, a StoneTurn podcast. StoneTurn’s Leading the Way podcast series highlights the top compliance, legal and anti-fraud practitioners who are breaking down siloes and setting new standards for excellence worldwide.
In this episode, StoneTurn Partner Valerie Charles is joined by well-known compliance professional Ellen Hunt. Ellen is known for her generosity in promoting fellow compliance professional and her generous spirit in giving back to the compliance community. It is a fascinating discussion of Ellen’s journey through compliance, some of the changes she has seen, key lessons learned and where compliance is headed down the road.
Resources
StoneTurn
Ellen Hunt LinkedIn Profile

Categories
Daily Compliance News

March 8, 2021, EEOC GC Fired edition


In today’s edition of Daily Compliance News:

  • IG to look at USDA handling of meat packing plants and Covid. (WaPo)
  • White House fires EEOC GC. (WaPo)
  • Pemex moves back to nationalization. (NYT)
  • Delays in vaccine roll out will hurt businesses. (FT)
Categories
Coffee and Regs

RegTech in Five Years: Digitization and Datafication


In this episode, CSS’s President and Founder John Lee joins Natalie Silverman to discuss what the future of RegTech looks like in five years, from innovation in machine-learning and AI from both RegTech firms and the regulators, to the digitization and datafication of financial services.

A CSS RegTech podcast series on moving from a tactical to strategic approach to regulatory compliance. The global regulatory space is complex and fragmented. Financial firms can address this problem through tactical responses to regulatory deadlines or think more strategically on how to optimize their compliance data, operations and technology. The CSS weekly podcast features regulatory experts, former Chief Compliance Officers, cybersecurity specialists, industry partners and RegTech collaborators to help prepare investment management firms for changes on the regulatory horizon. For more information on CSS, visit: www.cssregtech.com

 

About Our Guest Speakers:

Natalie Silverman serves as CSS’s Chief Marketing Officer. A leading FinTech specialist, Natalie has over 18 years of go-to-market and strategic expertise in financial services, SaaS, media, and news. Most recently she has helped to build innovation labs across startups and enterprises.

 
 


 

John Lee is the President and Founder of global RegTech platform Compliance Solutions Strategies (CSS). Prior to CSS, John acted as senior adviser to Strategic Insights, having previously served as MD, Europe for the company between 2011 and 2015. In this role, he was responsible for six business lines, responsible for organic growth and playing a pivotal role in the acquisitions of leading TCA provider Liquidmetrix and Munich-based funds analytics firm FWW. In 2012, leading law firm Michcon de Reya, awarded John the title ‘Business Shaper’ in recognition of his serial entrepreneurship, given to business leaders deemed to have ‘changed the way business is conducted’. Between 1993 and 2009, John founded and sold three businesses serving the institutional financial services market. John has contributed articles to The FT, Sunday Times and Economist, and has acted as contributing editor on A Guide to the UK Financial Services Market and authored Global Custody: A Guide for the Nineties, which is referenced by the SEC in its regulations governing the conduct and control of sub-custodian banks.
 
Categories
ComTech

Philip Winterburn on Using Data to Drive Ethics to the Heart of Business


In this episode, Valerie Charles and Tom Fox visit with Philip Winterburn, Chief Strategy Officer at Convercent. They take a dive into the use of data and data analytics in a compliance program. Philip has a mathematics academic background and we discuss how that has helped him see the use of data in a different way in his professional career. Highlights include:

  1. Professional and academic background of Winterburn.
  2. How does his academic background help inform how you look at compliance solutions?
  3. Why he has been one of the most consistent advocates of bring data and more importantly data analytics into the compliance process?
  4. How do the 2 concepts of behavioral psy and data tie together?
  5. What led you to co-found Convercent?
  6. What makes the Convercent approach different?
  7. How have you worked with clients to take their inputs to continually improve your products?
  8. How data can be used in a variety of ways by the compliance professional.
  9. How, if any has the Coronavirus health crisis over this year changed your approach?
  10. What do companies need to be thinking about into 2025 and beyond using data in compliance programs?

Resources
Philip Winterburn LinkedIn Profile
Convercent
Converge Community

Categories
FCPA Compliance Report

Loren Steffy on the Texas Power Disaster


In the Episode, Loren Steffy returns to take a deep dive into the Texas power failure during our recent snow-pocolypse. Steffy, a long-time business journalist who has been covering the Texas business scene for 30 years and the energy industry for 20 years. He talks about the background to the failures, what happened to cause power generation to fail, how the Texas government made the situation worse, the Texas government response and what fixes need to occur. If you are interested in risk management, this is the podcast for you.
Recourses-article on the crisis by Loren Steffy
In the Houston Chronicle, Opinion: 7 smart ways Texas can stop power blackouts – once and for all
In Texas Monthly, Texas’s Independence Didn’t Cause the Power Crisis

Categories
Sunday Book Review

March 7, 2021, the Fall of the Alamo edition


In today’s edition of Sunday Book Review:

Categories
Daily Compliance News

March 6, 2021, Remember the Alamo edition


In today’s edition of Daily Compliance News:

  • TX energy regulators to Public: We screw up; you pay. (WSJ)
  • Do you know what happiness is? (WSJ)
  • Pyramid or Ponzi Scheme? (WSJ)
  • What is insider trading? (WSJ)