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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)
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Daily Compliance News

Daily Compliance News: May 15, 2019-the whistleblower protection edition

In today’s edition of Daily Compliance News:

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Daily Compliance News

Daily Compliance News: May 13, 2019-the regime change edition

In today’s edition of Daily Compliance News:

  • DOJ asks Judge to remove lead defense counsel for Huawei. (NYT)
  • Did cost cutting cause Boeing 737 Max crashes? (Bloomberg)
  • House Financial Services approves bill to overturn Digital Trust Realty. (Radical Compliance)
  • States allege generic drug makers obstructed justice in cartel probe. (Washington Post)
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Daily Compliance News

Daily Compliance News: May 7, 2019-the Welcome to the US edition

In today’s edition of Daily Compliance News:

  • Roger Ng extradicted to US. (New York Times)
  • Closing arguments made in NCAA bribery scandal case. (ESPN)
  • Hell hath no fury like a competitor scorned. (Financial Times)
  • What happens when safety is ‘just a given’ at the Board level? (Washington Post)
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Daily Compliance News

Daily Compliance News: May 6, 2019-the Diamonds are Forever edition

In today’s edition of Daily Compliance News:

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Daily Compliance News

Daily Compliance News: May 1, 2019-the May Day edition

In today’s edition of Daily Compliance News:

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Compliance Into the Weeds

Compliance into the Weeds: Episode 120-On the Ethical Tarmac

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 take a deep dive into continued ethical, reputational and business imbroglio which Boeing finds itself in around the 737 MAX airliner, as the company finds itself on the ethical tarmac.
Some of the highlights include:

  • Where does compliance come into a sales strategy?
  • Who is responsible for entailing safety – the buyer or seller?
  • What does it mean from the compliance perspective is a safety upgrade is optional?
  • How does regulatory capture affect overseas sales?
  • What is the legal analysis around safety and options for safety upgrade on products?
  • Who should regulate the supply side-the government or the market?

For more reading check out Matt’s blog post “More on Boeing and Business Ethics

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Daily Compliance News

Daily Compliance News: March 23, 2019-the who’s on your Board edition

MARCH 23, 2019 BY TOM FOX


In today’s edition of Daily Compliance News:

  • Should safety be a ‘nice to have’? (New York Times)
  • Boeing loses first contract for 737 MAX jets. (Wall Street Journal)
  • Unrepentant Rujat Gupta says jury got it wrong, he never violated the law. (New York Times)
  • What is his compliance experience? Shaq joins the Papa John Board of Directors (Business Insider)