CONVERGE is in its 5th year of bringing together the world’s leading companies for 2 days of dynamic speakers, thought-provoking breakout sessions, and opportunities to connect with like-minded professionals. This year the conference has gone virtual. You will leave the conference with new resources and best practices allowing you to continue the hard work of driving ethics to the center of your business. In today’s episode I visit with Rob Mitchell. We visit about his panel at Converge20 on Third Party Due Diligence.
Third party due diligence has always been a convoluted undertaking—but increasingly complex business structures and ever-more stringent regulations have upped the complexity tenfold. Join this interactive roundtable for a conversation with Exiger and their client on their comprehensive and holistic understanding of organizational risk and how you can create the same level of understanding with your third parties. For more registration and information on Converge20, click here.
One of the key components for any successful business leader; yet one rarely discussed, is judgment. I was therefore intrigued by a Harvard Business Review article on the topic by Sir Andrew Likierman, entitled “The Elements of Good Judgment: How to Improve Your Decision-Making”.
Most of us have heard, been told or believe that you should always ‘listen to your gut’ and that ‘gut instinct’ is something you either have or you do not. As Likierman noted, “A lot of ink has been spilled in the effort to understand what good judgment consists of. Some experts define it as an acquired instinct or “gut feeling” that somehow combines deep experience with analytic skills at an unconscious level to produce an insight or recognize a pattern that others overlook. At a high level this definition makes intuitive sense; but it is hard to move from understanding what judgment is to knowing how to acquire or even to recognize it.”
Interestingly, Likierman finds it all starts with listening and, more importantly, good listening. Listeners to the podcast series 12 O’Clock High, a podcast on business leadership will recognize that as a key trait for almost any successful business leader. Yet, perhaps even more significant, is that he has found that “leaders with good judgment tend to be good listeners and readers—able to hear what other people actually mean, and thus able to see patterns that others do not. They have a breadth of experiences and relationships that enable them to recognize parallels or analogies that others miss—and if they don’t know something, they’ll know someone who does and lean on that person’s judgment. They can recognize their own emotions and biases and take them out of the equation. They’re adept at expanding the array of choices under consideration. Finally, they remain grounded in the real world: In making a choice they also consider its implementation.”
Likierman identified six key elements of good judgment. They are: (1) learning, (2) trust, (3) experience, (4) detachment, (5) options and (6) delivery. It is important to define each of them and have actionable steps to improve your judgment making skills and help you make some sense of not only ambiguous information but the data, data, and data which will become the basis of many corporate decisions in 2020 and beyond.
Welcome to a special five-part podcast series where I take a deep dive into the Miller & Chevalier Chartered Latin American Corruption Survey. Over this five-part series I will visit with firm lawyers James Tillen, Matt Ellis, Alexandra Almonte and Greg Bates. Miller & Chevalier and 14 partner firms have tracked perspectives on anti-corruption issues in the region since 2008. It is the most comprehensive survey on the perception of corruption in Latin America.
This year, 54 percent of survey respondents said corruption is a significant obstacle to doing business – up 10 percent since 2012 – while only 45 percent of respondents believe offenders are likely to be prosecuted, down from 66 percent in 2008. Despite Latin America’s anti-corruption progress over the last decade this new survey data reveals corruption risk to be at an all-time high across the region.
In this Episode 4, I visit with firm Counsel Greg Bates and we explore some of the Survey’s data on compliance program design and implementation. Some of the highlights include:
- What does the Survey data mean for in-house compliance officers?
- What trends does the Survey indicate vis-à-vis compliance program data?
- The Survey had almost 1000 respondents, with a mix of representatives from multinational, local/regional, and public and private companies. Do you see different levels of importance of ABAC compliance programming based on the type of company that responded?
- What other efforts to manage bribery and corruption risks are you seeing in the Survey data?
- The Survey was conducted just before Coronavirus hit Latin America. Looking into your crystal ball, how do you think COVID-19 will impact compliance programming in the region?
Join us in our final episode where I am joined by James Tillen and Matt Ellis to take a retrospective look back over the 12 years of Miller & Chevalier’s Latin American Corruption Survey.
For more information on the Miller & Chevalier Chartered 2020 Latin American Corruption Survey, click here. The Survey is available in English, Spanish and Portuguese.
In today’s edition of Daily Compliance News:
- Nurse fired for whistleblowing. (NYT)
- VW tries to change workplace culture. (WSJ)
- White House tries to stop diversity training. (WaPo)
- Sara Kropf named to American College of Trial Lawyers. (Grand Jury Target)
In this episode, we talk about why this may be exactly the right time to perform a meaningful fraud risk assessment. Fraud risks are like potential explosions. The vulnerability of fraud can lay dormant for years until and unless someone in a position to exploit the control weakness, formulates a rationalization and is off and running. Joining us today is Bruce Dorris CEO and President of Association of Certified Fraud Examiners. The ACFE is a member organization of over 85,000 Certified Fraud Examiners and the world’s largest anti-fraud organization. The ACFE is also a standard setter for anti-fraud and investigative leading industry practices having created many important publications including the Report to the Nations, the Occupational Fraud and Abuse Classification System and the Fraud Risk Management Guide.
Join us each week as we take a deep dive into the various forms of fraud across the world and discuss crime families, penny stock boiler rooms, international money launderers, narco-traffickers, oligarchs, dictators, war lords, kleptocrats and more.
Scott Moritz is a leading authority on white-collar crime, anti-corruption, and in the evaluation, design, remediation, implementation, and administration of corporate compliance programs, codes of conduct. He is also considered an authority in the establishment, training, and oversight of the investigative protocols carried out by financial intelligence, corporate security, and internal audit units.
In the Episode, I am joined by Mikhail Reider-Gordon, Managing Director of Institutional Ethics & Integrity at Affiliated Monitors. Mikhail’s areas of expertise include technology, privacy, cybersecurity, IP and accountability in artificial intelligence; the global anti-corruption and anti-money laundering regimes; media & entertainment; biotech and the life sciences; the public sector and international law. She is accustomed to working on extremely sensitive and high-profile matters, both nationally and internationally. In this episode, we explore lies, spies and Wirecard.
Some of the highlights include:
· Weekly news wrap-up on Wirecard
· What did BDO find in the Philippines?
· Why was the Wirecard Board of Directors afraid to meet in a conference room with windows?
· Why is there no interest in the bankruptcy remains of Wirecard?
· What did the initial Insolvency Report show?
· Was Wirecard ever designed to be profitable?
· The continued adventures of Jan Marsalek.
· More dirty money.
CONVERGE is in its 5th year of bringing together the world’s leading companies for 2 days of dynamic speakers, thought-provoking breakout sessions, and opportunities to connect with like-minded professionals. This year the conference has gone virtual. You will leave the conference with new resources and best practices allowing you to continue the hard work of driving ethics to the center of your business. In today’s episode I visit with Valerie Charles. We visit about her panel at Converge20 on The 2020 Update to the DOJ’s Corporate Compliance Guidance.
Valerie Charles is a partner at StoneTurn. In this panel, you will learn how to use this year’s brand-new compliance guidance from the DOJ, to best allocate your limited resources. For more registration and information on Converge20, click here.
As the Voice of Compliance, I wanted to start a podcast which will help to bring both clarity and sanity to the compliance practitioner and compliance profession during this worldwide health and healthcare crisis. In this episode, I visit with Sam McLane, Chief Technology Services Officer at Arctic Wolf. We discuss tips for navigating this new environment and identifying warning signs even while working remote.
Some of the topics include:
- Conversations regarding mental health and preventing burnout have recently found their way into massive events like RSA and Black Hat.
- New barriers created by remote work have made it exceedingly difficult to gauge teams’ mental state, forcing managers to tap into their undergrad PSYC 101 class to analyze physical signs through Zoom.
- Have you tried identifying exhaustion or frustration from subtle physical cues on video calls? Successfully determined meaning behind the tone of a Slack message? It may be nearly impossible.
- With the line between work and home no longer a car ride, bus ride, walk; it takes practice to develop the discipline needed for a culture of sustainable productivity at home.
- Arctic Wolf, a security operations leader, has worked diligently to develop a culture of fluid communication to make it clear that there is no valor in suffering in silence.
For more information on Artic Wolf, click here.
Welcome to the Great Women in Compliance Podcast, co-hosted by Lisa Fine and Mary Shirley.
The Great Women in Compliance Podcast is pleased to debut the first of our bonus episodes. These episodes feature guests outside of the realm of Compliance who have subject matter expertise relevant to the advancement and empowerment of women in Compliance, one of the major focus areas of the podcast. Our first guest to feature in a bonus episode is Mel Stanley, owner of First Woman, who shares her considerable knowledge in the area of personal branding. Mel’s strong suit is in helping women to building their own personal brand. Whether you’re a woman in Compliance or another industry, this two part series with Mel will teach you a lot about using your personal brand to promote yourself and get you to reflect on how you show up in the world and whether that’s aligned with how you want to show up.
In this first episode we discuss Mel’s experience facilitating a conversation on the brick ceiling, her key takeaways and how you can find her recording with smart women of color who are taking charge of their professional lives and sharing their voices.
On the personal branding front, we ask Mel to help us level set and get a feel for what personal branding is, and what it is not. We also learn why it’s important and how it can help you advance as a Great Women in Compliance, or any other industry.
We cap off this episode with Mel’s advice on social medial and how you can use it to support your branding goals.
Join the Great Women in Compliance community on LinkedIn here.
Welcome to a special five-part podcast series where I take a deep dive into the Miller & Chevalier Chartered Latin American Corruption Survey. Over this five-part series I will visit with firm lawyers James Tillen, Matt Ellis, Alexandra Almonte and Greg Bates. Miller & Chevalier and 14 partner firms have tracked perspectives on anti-corruption issues in the region since 2008. It is the most comprehensive survey on the perception of corruption in Latin America.
This year, 54 percent of survey respondents said corruption is a significant obstacle to doing business – up 10 percent since 2012 – while only 45 percent of respondents believe offenders are likely to be prosecuted, down from 66 percent in 2008. Despite Latin America’s anti-corruption progress over the last decade this new survey data reveals corruption risk to be at an all-time high across the region.
In this Episode 3, I visit with firm Member Alejandra Almonte and we explore some of the Survey’s high-level findings on compliance trends in the Latin American region. Some of the highlights include:
- What were some of the key high-level findings about corruption and anti-corruption compliance in the region?
- Focusing on implementation of compliance programming in Latin America, what trends does the Survey show are emerging?
- Given the enactment of laws in the region, such as Brazil’s Clean Companies Act and other anti-corruption legislation, where does the FCPA stand in the region?
- What does the continued importance of the FCPA mean for compliance programs in the Latin American Region?
Join us in our next episode where we explore some of the Survey’s data on compliance program design and implementation with Greg Bates.
For more information on the Miller & Chevalier Chartered 2020 Latin American Corruption Survey, click here. The Survey is available in English, Spanish and Portuguese.