
Tom Fox chats with John Shegerian, an entrepreneur who is passionate about serving up second chances. They talk about what motivates him, and how his company ERI helps organizations protect their data while protecting the environment.
Serving Second Chances
After the Rodney King riots in Los Angeles, John co-founded Homeboy Tortillas with Father Greg Boyle as an outreach program to employ gang-impacted youths. He recalls father Greg’s tagline, “Nothing stops a bullet faster than a job.” Their way of doing business became a phenomenon in post-riot Los Angeles, and eventually, thousands of young people were employed in many different industries, which changed their lives positively. John says, “I only wanted to do businesses that made the world a better place, that made an impact… it always had to have a bottom-line way beyond just profit… All the companies that I’m involved with, I always looked for people that are part of what has been historically marginalized parts of society… Our core mission is recycling electronics at ERI, but recycling lives is what we really do in giving people a second chance.”
Recycling Electronics
Tom comments that recycling is becoming more important in today’s technologically-based world. He asks John to describe the business of ERI. John says that ERI recycles old or discarded electronics. He calls it the dark little secret of the technological revolution since nobody considered what would happen to our old electronics: they just made great technology that made our lives better. As a result, old electronics were dumped in landfills and it became – and still remains – the fastest growing solid waste stream in the world. Chemicals such as arsenic, beryllium and mercury leach into the ecosystem when electronics are dumped. This is very bad for people, for plants, for animals, and for the water supply, John says. “There’s no reason to throw the stuff in the landfills because you could keep it above ground. You could recycle them responsibly and everything can go for beneficial reuse,” John argues. “You could be zero waste.”
Protecting Data
John’s message to governments and corporations is that recycling their old electronics is good for their business, good for their privacy, and good for the environment. He explains how he helps companies assess their e-waste recycling risks. In today’s context of the Coronavirus, it’s more critical than ever to protect your data, John says. Bad actors seize opportunities like this crisis to take advantage. “If they got your old hardware they could pull your hard drives or other data containing materials, reverse engineer the information and have a heyday with regards to monetizing any data that’s contained in old hardware,” John points out.
A Giveaway For Listeners
John is giving a free copy of his book, 101 Tips From The Marketing Masters, to the first 10 listeners who reach out via email to book@themarketingmasters.com. He is also running a $0.99 promo on the Kindle edition on Amazon.
Resources
ERI
Email for a free copy of John’s book: book@themarketingmasters.com
Buy on Amazon
Keeping track of current events for continuous improvements a part of the mandates found in the 2019 Guidance. The DOJ clearly expects companies to update its risk assessment, policies, procedures and practices in light of changing circumstances. This means that if a third-party changes characteristics, so that it becomes subject to FCPA scrutiny, a company must be able to evaluate and react appropriately to such change.
For the compliance practitioner, the Hitachi SEC enforcement action provides a valuable reminder that the FCPA covers more than foreign government officials and officials of state-owned enterprises. Political parties are also covered so that if part of your corporate social responsibility includes payments to political party front groups, your company could get into FCPA hot water. Yet it also means you will need to keep abreast of just who your counter-parties are during the entire course of your commercial relationship. This means that keeping up with current events is a must and can facilitate continuous improvement.
Three key takeaways:
- The Hitachi FCPA enforcement action demonstrates the need to keep track of current events for continuous improvement.
- Many product and services providers in the compliance space provide ongoing monitoring for PEPs and SDNs.
- Make sure your partners are still who they say they are!
In today’s edition of Daily Compliance News:
- Will beef be next? (WaPo)
- Companies seek COVID-19 tests for employees. (WSJ)
- Google wants to muzzle auditor. (WSJ)
- Deepwater Horizon blew up 10 years ago. (Houston Chronicle)
In the Episode, I visit with Pat Harned, President of the Ethics & Compliance Initiative (ECI). We discuss ECI’s upcoming virtual conference IMPACT 2020. As the first major compliance annual conference to go virtual, ECI faced unique challenges to bring the top speakers and thought leaders to this event. Find out how they did so as Harned and Tom Fox discuss some of the highlights of this most unique event.
Some of the highlights include:
- Keynotes speeches include Sally Yates, Anita Hill, David Rock and Jan Schwartz.
- Earn up to 15 CEUs – Participate in, view and earn CEUs for every session, even those happening concurrently!
- On-Demand Access – Watch and participate in exceptional keynotes and benchmarking sessions live as well as on-demand through the event library for up to one year.
- Assess Your Program – Register for the event and you will be provided access to ECI’s High-Quality Program (HQP) Assessment. Take the survey and gauge the maturity of your E&C program prior to the event. This assessment is valued at $500 for individual users but is included in IMPACT registration!
- Get Valuable Benchmarks – Throughout the conference we will be sharing metrics from the HQP and compare your results with your peers.
Resources
It’s not too late to register for IMPACT 2020. Conference information and registration available here. For more information on ECI, click here.
In today’s edition of Sunday Book Review:
- The Victory Machine-Ethan Strauss
- The Breaks of the Game–David Halberstam
- A Season on the Brink–John Feinstein
- The Book of Basketball-Bill Simmons
In today’s edition of Daily Compliance News:
- FATF chides South Korea for politicians laundering money. (WSJ)
- Is opaqueness is a strong sign of underlying illegality? (JDSupra)
- SEC hits ENI with $24.5MM fine for FCPA violations. (Stanford Law School)
- NBA says opening will be guided by data, not dates. (Houston Chronicle)
Another mechanism for continuous improvement of your compliance program is through risk-based monitoring. Under the topic of Control Testing DOJ’s 2019 Guidance posed the following questions, Has the company reviewed and audited its compliance program in the area relating to the misconduct? More generally, what testing of controls, collection and analysis of compliance data, and interviews of employees and third-parties does the company undertake? How are the results reported and action items tracked?
Finally, the beauty of all these techniques articulated by Locwin is that they are tools that can make companies more efficient and, at the end of the day, more profitable. They also move compliance into the fabric and DNA of an organization or operationalize compliance. Her intonation to operationalize compliance speaks to the use of a wide variety of tools to input information, so you can continuously improve your compliance program. Risk-based monitoring is certainly one mechanism to obtain information and feed back into your compliance program in both the prevent and detect prongs.
Three key takeaways:
- How do you monitor manifested risks?
- A risk-based monitoring approach allows you to see things in almost real-time.
- Management of risk can serve your compliance program in a variety of ways.
The IMPACT 2020 Annual Benchmarking Conference was originally scheduled to take place in Boston, Massachusetts from April 21-23, 2020. In light of the unfolding situation involving the coronavirus (COVID-19), and in an effort to protect the health and safety of all the attendees, IMPACT 2020 will now be a virtual, online-only event. The conference will take place during the same timeframe as previously April 21-23, 2020.
ECI has worked diligently to make sure that you can extract all or more of the same value you would receive from attending this event in Boston in a high-quality, online format.
There is still time to register for this great event now!
We hope that you are looking forward to our IMPACT conference and we are excited to be able to present this information to you in an exciting, new way.
As a teaser for the event, please check out this podcast I did with David Rocks, CEO and Co-Founder of the Neuroleadership Institute about his keynote talk.
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 to explore these issues. In today’s episode we are joined by Joel Katz the CCO at Booz Allen Hamilton. Katz was previously CCO at CA Technologies where he gained notoriety for the use of fictional characters in creative programming to promote employee engagement around compliance.
Some of the highlights include:
- The professional journey of Joel Katz.
- What was the Griffin Peabody character you created at CA Technologies?
- How fiction-based characters in compliance training drove the highest employee satisfaction reported in the CA Technologies employee survey.
- Although the characters were fictional, the stories were based on employees’ personal experiences. This helped drive engagement.
- All this became a part of a branded communication campaign for CA Technologies.
- What were some of the key lessons learned by Katz and his compliance team?
Ronnie Feldman
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.