Categories
31 Days to More Effective Compliance Programs

Specific benefits of a reporting system-a case study

Is your hotline working for you? In an article, entitled “Promoting Effective Use of the Company Compliance Hotline”, José Tabuena provided an excellent example of the power of a hotline. He provided a case study of a company which had not integrated its IT function into its regular compliance and ethics training programs. As such there were zero calls into the hotline by IT employees. This dynamic was changed and IT was integrated into the company’s regular compliance and ethics training. Thereafter, the hotline received several calls from IT employees indicating where there were two major areas of complaints. The first area regarded family members who were hired and perceptions of favoritism. The second related to allegations that certain managers were manipulating data to maximize their bonuses.
This case study demonstrates the power of a hotline. The company’s Compliance Department “established the credibility of the helpline as a resource to raise issues and report misconduct. The concerns regarding nepotism and conflicts of interest were taken seriously, and although the   violations were not as widespread as the calls indicated, the review went a long way to clear the air.” Equally important, the helpline proved to be a successful management tool as well. The company was able to manage potential compliance issues and improve employee morale. 
Three key takeaways:

  1. Hotlines can be powerful tools for the compliance professional.
  2. Simply because you have no hotline complaints does not mean you do not have any compliance or ethics issues which need review and resolution.
  3. Adequate follow up is a key part of overall hotline effectiveness.
Categories
Compliance and Coronavirus

James Green on Operationalizing Risk Management During Covid-19


Welcome to the newest addition to the Compliance Podcast Network, Compliance and Coronavirus. 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 am joined by James Green, Director of Risk Management Services at SAI Global. Green is a risk management professional who looks through issues and events such as the current health crisis and economic dislocation through the eyes of risk and risk management.
For more information, check out the resources SAI Global has made available on its website, by clicking here.

Categories
Compliance Into the Weeds

Compliance and Leadership Lessons from the Floyd Protests


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 past weekend saw some of the largest protests and violence this country has seen in 50+ years in the wake of the killing of George Floyd. In a very somber episode, in this podcast Matt Kelly and Tom Fox try to make some sense of leadership responses to the protests over the Floyd killing and explore if there is a compliance-based approach to remedying the institutional racism which led to his killing.
Resources
A good general summary of anti-racism resources:
https://docs.google.com/document/d/1BRlF2_zhNe86SGgHa6-VlBO-QgirITwCTugSfKie5Fs/preview?pru=AAABcnb5mB8*DxXs7K_umbRHlS1kzEln3g
A website that gives you specific bail funds for your city:  The Bail Project, a nonprofit that aims to mitigate incarceration rates through bail reform.
https://bailproject.org
Other places to donate:

  • Black Visions Collective, a black, trans, and queer-led social justice organization and legal fund based in Minneapolis-St. Paul.

https://www.blackvisionsmn.org/about

  • The Minnesota Freedom Fund, which pays criminal and immigration bail and bond for people who cannot afford it.

https://minnesotafreedomfund.org/bailbondfaq

  • The Brooklyn Bail Fund, which helps pay bail for those who cannot afford it.

https://brooklynbailfund.org/donation-form

  • The NAACP Legal Defense Fund, which supports racial justice through advocacy, litigation, and education.

https://www.naacpldf.org/about-us/

  • Communities United Against Police Brutality, which operates a crisis hotline where people can report abuse; offers legal, medical, and psychological resource referrals; and engages in political action against police brutality.

https://www.cuapb.org/what_we_do

  • Northstar Health Collective, a St. Paul–based organization that provides health services and support at protests.

https://northstarhealth.wordpress.com/about-us/

  • The ACLU, which provides legal services and support for a broad range of people with civil rights complaints.

https://www.aclu.org/issues/racial-justice

Categories
Daily Compliance News

June 3, 2020-the Epstein and Deutsche Bank edition


In today’s edition of Daily Compliance News:

  • Trump isn’t Deutsche Bank’s only dodgy customer. (NYT)
  • Zuckerberg say it’s OK for Trump to incite violence on FB. (NYT)
  • Ericsson begins monitorship. (WSJ)
  • NBA going to the Disney bubble. (NYT)
Categories
Jamming with Jason

Time Keeps on Slipping, Slipping


If I could save time in a bottle, ahhh those beautiful words from Jim Croce. Problem is you can’t. The one thing all humans have an equal amount of is time … the challenge for most of us it just keeps slipping, slipping away and we wake up years later in exactly the same place.
The quality of your life depends on the choices you make and how you “take” time. It’s time to quit complaining or thinking you don’t “have enough time” or “now is not a good time.” TODAY is the best day to start making changes and take the time to have a better life.
Listen in on this week’s #jammingwithjason #internalauditpodcast at: http://www.jasonmefford.com/jammingwithjason/ or where ever you enjoy listening to podcasts, like Apple Podcasts. While you are there, please leave a review so you can be featured on a future episode.
Oh, and for those of you that enjoy it, the guitar comes out again in this episode 🙂
One thing that is slipping, slipping away is your ability to join the Chief Audit Executive Forum. If you are a #chiefauditexecutive and ready to take your career to the limit in a community of like-minded peers, book your call and join the #CAE Forum: https://jasonmefford.mykajabi.com/caeforum
Your career will thank you, and so will your sanity.
#timemanagement

Categories
The Compliance Life

Ryan Rabalais -Is Your Career Path a Road Map or Along for a Ride?


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 Ryan Rabalais, currently an Ethics and Compliance Officer at Bechtel Oil, Gas & Chemicals. Rabalais has been Vice President and CCO at both Rowan Companies and  Paragon Offshore.
Ryan Rabalais has over two decades of legal and compliance experience in the oil and gas sector, including being a Vice President & Chief Compliance Officer for two different companies with global operations. Ryan has a history of providing practical solutions to the business and managing overall corporate and regulatory compliance programs. His compliance experience includes a particular focus on anti-corruption, sanctions, trade controls and US anti-boycott, with reporting responsibilities to senior management and the Board of Directors of large, publicly traded companies. 
In this first episode, we discuss how Ryan started his journey to the CCO chair. Ryan has one of the most unique journeys to the CCO role. He joined the Marine Corp out of high school. He then went to college and law school. In 2003, while still in law school he answered an ad for a Spanish speaking law clerk at Baker Hughes. That started him down the road to work Baker Hughes through its FCPA enforcement action, DPA and monitorship. From their he moved to the other compliance positions at other companies culminating in the CCO chair.

Categories
The Ethics Experts

TEE Vendor Pain Points Bonus Episode 002: Gary Ernster


 On this special bonus episode of The Ethics Experts, we speak with Gary Ernster about how vendors should assimilate into the culture of the company they’re working with in order to ensure a lasting relationship.

Check out more episodes, and don’t forget to subscribe on your favorite podcast platform!

Categories
Compliance and Coronavirus

David Wolf on Using Podcasting and Audio Books in Compliance Communication


Welcome to the newest addition to the Compliance Podcast Network, Compliance and Coronavirus. 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 am joined by David Wolf, As the founder and CEO of Audivita Studios, where he shares his years of experience to help business professionals, organizations, authors, speakers and thought leaders “Connect Your Voice to the World” to grow your brand and platform with podcasting and audiobooks. Wolf joins the podcast to discuss how, in today’s health crisis and economic dislocation do both of these offerings help communicate ideas and concepts in the business world.
For more information on David Wolf or Audivita Studios, check out there website here.

Categories
Innovation in Compliance

Revolutionary Recruiting with Mary Ann Faremouth


Tom Fox met Mary Ann Faremouth at the National Speakers Association’s (NSA) Winter Conference. He was immediately enthralled with her passion for recruiting. Mary Ann is the founder and CEO of Faremouth & Company, a national recruiting and consulting firm. She also networks with a consortium of recruiters, sharing jobs and helping candidates. Mary Ann describes herself as a “holistic recruiter”: she looks at the whole person when placing candidates, as she believes this more human approach works best for these times. She chats with Tom about her book, Revolutionary Recruiting, and shares practical advice for job seekers as well as employers.

The Faremouth Method
Tom asks Mary Ann to describe the Faremouth Method. She explains that it is the 5-step process she uses to place candidates. These 5 steps are:

  • Know yourself: do an inventory of your skills and talents.
  • Ask better questions.
  • Step out of your comfort zone.
  • Take the time to do it right.
  • Be a hunter.

She says, “The Faremouth Method helps me really identify who that person is right now, what their purpose is, what their passions are, and that helps me align them with a position that’s gonna fit that.”
A Win-Win Approach
“…if we take the time to understand what their [candidates’] passions are, what their skills are, what their transferable skills are, we can place them in positions where the retention rate is a lot higher. Candidates are happier because they’re feeling a sense of purpose. The clients are happier because people aren’t leaving, and so it’s a win-win for everyone.” Mary Ann and Tom discuss why her holistic approach makes good business sense. Tom comments that Mary Ann brings not only her professionalism to the table, but also candidates and clients trust her advice. She responds that her motto is ‘Integrity Personified’, and that doing the right thing for everyone is one of her key values but it is also just good business. “If I make a good match, everybody’s happy,” she points out. “Then guess what happens? That client is gonna send me his vendors, that applicant is gonna send me his friends.”
Key Mistakes Employers Make
Revolutionary times such as these, require a revolutionary approach to recruiting, Mary Ann argues. In the new normal, both job seekers and employers have to be willing to think outside the box. Tom asks Mary Ann to outline the key mistakes employers make when they’re looking to hire a new employee. She responds that employers often have unreasonable demands and expectations. Going forward, they have to look realistically at the job and its requirements, and look for a candidate with those transferable skills, Mary Ann says. She shares some insights about the post-COVID job market. 
Another mistake employers make is that they don’t ask the right questions during interviews. She advocates asking more hypothetical questions so that employers can gauge the potential employee’s problem-solving skills, and if they have the right mindset to be part of the team. Mary Ann then shares some insightful and practical advice for listeners to prepare themselves for the future. Life is ultimately about relationships, she remarks. Ask yourself, What can I do in service of others? “Maybe this is the time for us to look at these worst of times being the best of times for us to improve and to learn what our skill set might be that we can refine to help make a contribution to the greater good,” Mary Ann comments.
Resources
Faremouth.com
Revolutionary Recruiting book on Amazon | Barnes and Noble
USA Daily Times
The Price of Business podcast

Categories
Daily Compliance News

June 2, 2020-the New DOJ Compliance Guidance edition


In today’s edition of Daily Compliance News: