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Compliance Into the Weeds

Continued Missteps and Misadventures in Ethics by Boeing

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. In this episode, Matt Kelly and I go into the weed over the ethical failings and missteps made by the now former Boeing CEO Dennis Muilenburg which led to his firing.
Some of the highlights include:

  • What are the three steps in cooperating with the government after a failure?
  • Why did Boeing fail to reveal negative information it uncovered in its internal investigation?
  • What is the role of a CEO around ethics?
  • What is the role of the Board of Directors?
  • What is the only control for a CEO around ethics?
  • What are the lessons learned for a corporate compliance program?
  • What does all this mean for compliance professionals going forward?

Resources
Matt’s blog post More Misadventures in Ethics From Boeing in Radical Compliance.

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Daily Compliance News

December 20, 2019, the Irony Upon Irony edition

In today’s edition of Daily Compliance News:

  • Irony upon Irony-insider trading charged at cyber security firm. (WSJ)
  • Boeing CEO tells President Trump it has SW fix ready. (NYT)
  • FT editorial Board tells Boeing to improve its culture. (FT)
  • SNC-Lavalin pleads guilty to fraud for past work in Libya, will pay $280M fine. (CBC.com)Bo
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Daily Compliance News

October 29, 2019- the We Made Mistakes edition

In today’s edition of Daily Compliance News:

  • Did EY cover up drug money and gold smuggling for a client? (BBC)
  • Boeing CEO to testify to Congress “We Made Mistakes”. (NYT)
  • Spotify’s CFO, used Direct Listing model to retire. (WSJ)
  • Did Game 5 prove you need robotic umps calling balls and strikes? (Washington Post)
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Daily Compliance News

October 22, 2019- the What Else Haven’t You Told Us edition

In today’s edition of Daily Compliance News:

  • Lebanese President bows to anti-corruption fervor. (NBC)
  • Softbank rescues WeWork. (WSJ)
  • What else haven’t they told us? More trouble for Boeing. (NYT)
  • Why we need more storytellers (and less economists)? (Washington Post)
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Daily Compliance News

Daily Compliance News: July 29, 2019, the your boss is spying on you edition

In today’s edition of Daily Compliance News:

  • 737 Max scandal almost inevitable. (NYT)
  • Making your meetings better. (FT)
  • Israeli government to shutter anti-corruption office. (Haaretz)
  • Don’t worry about Chinese spying on you, worry about your boss. (WSJ)
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Daily Compliance News

Daily Compliance News: July 20, 2019, Boeing takes a charge edition

In today’s edition of Daily Compliance News:

  • Roger Ng in negotiations with DOJ for guilty plea.(Bloomberg)
  • Feds charge CCO with conspiracy to distribute opioids. (WSJ)
  • Trump to try and block Amazon contract with Pentagon. (Washington Post)
  • Boeing takes $7.3bn charge for 737 MAX scandal. (NYT)
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Daily Compliance News

Daily Compliance News: July 4, 2019, the 4th from Paris edition

In today’s edition of Daily Compliance News:

  • SFO announces new DPA over Bribery Act violations? (SFOPress Release)
  • French Police raid Renault headquarters in Paris. (NYT)
  • UK launches regulatory probe against online markters. (FT)
  • Too little Too Late? (WSJ)
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Daily Compliance News

Daily Compliance News: June 17, 2019-the Boeing Finally Apologizes edition

Books reviewed in today’s edition of Daily Compliance News:

  • Boeing CEO finally apologizes. (NYT)
  • A conversation about hugging in the workplace. (Washington Post)
  • SEC fines Chinese bank $42 million for mishandling ADRs. (MarketWatch)
  • Israeli Court Convicts Sara Netanyahu of corruption. (Jeruselem Post)
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Compliance Into the Weeds

Compliance into the Weeds: Episode 126-Compliance and Complexity

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. In this episode, Matt Kelly (the coolest guy in compliance) and I go into the weeds to explore how the complexity of modern-day corporations can lead to catastrophic failures such as the two crashes of the Boeing 737 Max.
Some of the highlights include:

  • Our podcast today was based upon two blog posts we both wrote this week based upon the NYT article The Late Change, and Fatal Flaws in Boeing’s Plane.
  • Why and how can complexity lead to catastrophic failre?
  • The modern corporation is very siloed. How does this contribute to risk?
  • Why every compliance professional should read the NYT article.
  • How should you think about systemic risk in your organization’s ecosystem?
  • How does the COSO 2013 Internal Controls Framework consider the issue of communication across an organization?

In addition to the great NYT piece check out the following resources:
Matt’s blog post-Another Lesson from Boeing-Silos
Tom’s blog post-Boeing and More Compliance Lessons

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Daily Compliance News

Daily Compliance News: June 3, 2019, the more lessons from Boeing edition

In today’s edition of Daily Compliance News:

  • Lengthy detail of Boeing miss-steps in 737 Max software issue. (NYT)
  • What price did a whistleblower pay in tennis for reporting match fixing? (NYT)
  • UK freezes home ownership for 3 homes purchased with unexplained wealth. (BBC)
  • Jamie Diamond criticizes Wells Fargo for having no CEO succession plan. (FT)