Tag: CCOs

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Innovation in Compliance

Compliance Professionals Adapting to Change: Industries, Regulations, and Beyond: Part 5 – Alexander Cotoia on Professional Development and Mentorship for the Compliance Professional

Welcome to a special series sponsored by Diligent, where we look down the road at key issues in 2024 and beyond. In this series, I will visit with Nicholas Latham, Renee Murphy, Jessica Czeczuga, Yee Chow, and Alexander Cotoia. Over this series, we will consider compliant communications in regulated industries, managing conflicts of interest at the Board level, the Board’s role in compliance training and communications, navigating the current ESG landscape, and professional growth and mentorship in compliance. In this concluding Part 5, we discuss professional development and mentorship for compliance professionals with Alexander Cotoia.

Alex Cotoia is with the Volkov Law Group and has transitioned from a traditional legal background into the compliance arena. He strongly believes in the importance of continuous professional development for compliance professionals, emphasizing the need for mentorship and growth opportunities, particularly for those in leadership positions. Alex’s perspective is shaped by the dynamic regulatory climate and the increasing extraterritorial impact of legislation and regulation, which underscore the urgency of continuous development in the compliance field. He also highlights the significance of acquiring soft skills, such as negotiation, building relationships, and strategic planning, in addition to the legal aspects of compliance. Alex values collaboration and believes that reaching out to other compliance professionals for guidance and mentorship can benefit professional growth. Join Tom Fox and Alex Cotoia as they delve deeper into this topic on the next episode of the Diligent Podcast.

Key Highlights:

  • Navigating the Dynamic Regulatory Landscape for Compliance Professionals
  • Developing Essential Soft Skills for Compliance Professionals
  • Continuous Growth and Development in Compliance
  • The Importance of Compliance in Career Development

Ready for Purpose-Driven Compliance? Diligent equips leaders with the tools to build, monitor, and maintain an open, transparent ethics and compliance culture. For more information and to book a demo, visit Diligent.com

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FCPA Compliance Report

FCPA Compliance Report: Susan Divers – 2023 LRN Global Standards Edition

Welcome to the award-winning FCPA Compliance Report, the longest-running podcast in compliance. In this episode, Tom Fox welcomes back LRN’s Susan Divers to discuss the second report 2023 from LRN on the LRN Ethics & Compliance Program Effectiveness Report, 2023 Global Standards Edition.

Susan Divers is a seasoned professional in ethics and compliance, working closely with Tom Fox and associated with LRN. She strongly believes in the significance of ethics and compliance programs in companies, emphasizing the need for continuous training and reminders to ensure employees understand and adhere to the rules and expectations. Susan has noticed a trend of integrating ethics and compliance considerations into HR systems, such as performance reviews and promotions, to hold individuals accountable for their actions. She advocates for a shift from rule-based to values-focused programs, emphasizing personal responsibility and implementing policies like Clawback to address misconduct and enforce consequences. Join Tom Fox and Susan Divers as they delve deeper into this topic on the next episode of the FCPA Compliance Report podcast.

Key Highlights:

  • Values-Based Ethics and Compliance Programs
  • Continuous Learning and Reinforcement for Ethical Behavior
  • A values-focused approach to Ethics and Compliance
  • Creating a Culture of Integrity and Accountability

Resources:

Susan Divers on LinkedIn

LRN

Ethics & Compliance Program Effectiveness Report, 2023 Global Standards Edition

Tom Fox

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SBR - Authors' Podcast

SBR Authors Podcast: Adam Balfour on Ethics and Compliance for Humans

Welcome to the Sunday Book Review, the Authors Podcast! Don’t miss out on this episode of SBR-Author’s Podcast, where Tom sits down with Adam Balfour on his book Ethics & Compliance for Humans.

Adam Balfour, a Scottish-born compliance professional, has been leading the compliance program for the Americas region at Bridgestone. Balfour strongly believes in the importance of ethics, compliance, and leadership within organizations, arguing that these elements can significantly contribute to financial success. He likens the role of ethics and compliance professionals to soccer midfielders, who defend and support the team’s growth. Balfour’s perspective is shaped by his experiences and passion for ethics and compliance, leading him to write a book titled “Ethics & Compliance for Humans,” providing valuable resources for compliance professionals. Join Tom Fox and Adam Balfour on this episode of the SBR-Author’s Podcast as they delve deeper into these topics.

Key highlights include:

  • The Duality of Human Nature
  • The Importance of Guiding Employees Ethically
  • Humanizing Compliance Programs: Building Ethical Relationships
  • Engaging Compliance Training through Pop Culture
  • Navigating Ethical Dilemmas in the Workplace
  • The Role of a Unifying Purpose Leader

Resources:

Adam Balfour on Linkedin

Ethics & Compliance for Humans

Tom Fox

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10 For 10

10 For 10: Top Compliance Stories For the Week Ending October 14, 2023

Welcome to 10 For 10, the podcast that brings you the week’s Top 10 compliance stories in one podcast each week. Tom Fox, the Voice of Compliance brings to you, the compliance professional, the compliance stories you need to be aware of to end your busy week. Sit back, and in 10 minutes hear about the stories every compliance professional should be aware of from the prior week. Every Saturday, 10 For 10 highlights the most important news, insights, and analysis for the compliance professional, all curated by the Voice of Compliance, Tom Fox. Get your weekly filling of compliance stories with 10 for 10, a podcast produced by the Compliance Podcast Network.

  • Staley was banned from the financial services arena.   (FT)
  • More 1MDB trouble for Goldman.  (Reuters)
  • When your ex testifies in your fraud case. (WaPo)
  • CA law requires companies to report carbon emissions.  (BBC)
  • Belgium to unfreeze frozen Russian assets. (WSJ)
  • SFO brings corruption charges.  (FT)
  • Elon Musk’s legal woes. (Reuters)
  • Crypto is having trouble getting CCOs. (WSJ)
  • Roger Ng heads to Malaysia.   (AP)

You can check out the Daily Compliance News for four curated compliance and ethics-related stories each day, here.

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Into the Chair - Tales from Chief Compliance Officers

Into The Chair, Tales from Chief Compliance Officers: The Journey of Maria D’Avanzo

Welcome to the latest edition of the Compliance Podcast Network: Into the Chair: Tales from Chief Compliance Officers, which details the journey to and in the role of a Chief Compliance Officer. How does one come to sit in the CCO chair? What skills does a CCO need to navigate the compliance waters in any company successfully? 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. Into the Chair: Tales from Chief Compliance Officers is a COMPLY podcast hosted by Tom Fox and is a production of the Compliance Podcast Network. In this inaugural episode, I visit with Maria D’Avanzo.

Maria D’Avanzo is a seasoned professional in the legal and compliance field, with a career that has spanned from litigation to estate work to compliance. Maria’s perspective on adaptability and continuous learning in legal and compliance roles is rooted in her own career trajectory, which has seen her successfully transition from being a litigator to opening her own law practice, and eventually becoming a compliance officer. She believes the key to success in these roles is the willingness to learn new skills and take on new challenges, even outside one’s comfort zone.

Maria also underscores the importance of transferable skills such as analytical and research abilities, critical thinking, and the capacity for advocacy and persuasion, which she honed as a trial lawyer and have been instrumental in her compliance career. Join Tom Fox and Maria D’Avanzo in this episode of the Into the Chair podcast as they delve deeper into the importance of adaptability and continuous learning in legal and compliance roles.

Key Highlights:

·      Maria’s transformation into a compliance officer

·      Navigating the Legal Field: Learning and Advocacy

·      Advocacy skills and the value of compliance

·      Navigating Compliance Challenges in Regulated and Non-Regulated Corporate Sectors

Resources:

Maria D’Avanzo on LinkedIn

COMPLY

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Compliance Into the Weeds

Compliance into the Weeds: Responses to PCAOB Proposal On Audits

The award-winning, Compliance into the Weeds is the only weekly podcast that takes a deep dive into a compliance-related topic, literally going into the weeds to explore a subject. Looking for some hard-hitting insights on sanctions compliance? Look no further than Compliance into the Weeds! In this episode, Tom and Matt consider the PCAOB proposal for fraud and compliance audits.
In this episode, we dive into the heated debate surrounding the proposed rule on auditors and fraud risk audits in this episode of Compliance into the Weeds. Compliance professionals and the audit community have contrasting perspectives on the PCAOB proposal to require audit firms to look more aggressively for compliance and legal violations at their client companies and then report any such violations more promptly to the company’s board of directors.
Discover the stipulations compliance professionals want to include, such as meeting with the chief ethics and compliance officer and reviewing the state of the compliance program. On the other hand, hear why the audit community, represented by the PCAOB, opposes the rule, arguing that auditors lack the necessary expertise and that fees would skyrocket without significant benefits. Gain insights into the complexities and challenges of asking auditors to take on compliance responsibilities. Tune in to understand the potential implications of the proposed rule on audit firms, compliance professionals, and investors.

 Key Highlights

·       The PCAOB proposal implications for auditors, with a focus on effects on fraud risk audits.

·       The difference in how compliance professionals and auditors perceive the impending rule.

·       The practical difficulties auditors face when tasked with compliance roles.

·       What are the potential cost and liability hikes for auditors, heralded by the enforcement of the rule?

·       The uncertainties enveloping the approval and implementation process for the proposed rule.

 Resources

Matt 

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Tom 

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2 Gurus Talk Compliance

2 Gurus Talk Compliance – Episode 5, The Taylor Swift Edition

What happens when two top compliance commentators get together? They talk compliance, of course. Join Tom Fox and Kristy Grant-Hart in their podcast, 2 Gurus Talk Compliance, as they tackle topics on behavior economics, OFAC settlement lessons, the importance of the user experience in compliance policy creation, and more. They also discuss incorporating behavioral sciences into compliance strategies and the exciting changes in compliance consulting services. With their expertise, they share insights on how data, behavioral science, and innovative approaches can improve compliance programs, business processes, and profitability.

Listen as they provide valuable insights on how to understand culture by starting a dialogue and the importance of finding someone to give a narrative. Lastly, they discuss the challenge of bribery and corruption and the need for compliance professionals to be innovative, accept failures, and be comfortable with experimentation. Take advantage of this exciting and informative podcast episode from two renowned compliance experts, Tom Fox, and Kristy Grant-Hart.

Highlights Include:

  • Document Geeks rejoice
  • BAT settlement from the Caremark/McDonalds perspective
  • New Directions for Cybersecurity
  • What is a corrupt payment?
  • Rachel Carson and leadership
  • Compliance industry growth
  • What’s on the mind of CCOs
  • Taylor Swift and compliance
  • Using AI to generate meeting notes

 Resources 

1.     New Direction for Cybersecurity.

2.     BAT export control settlement-$767MM is just the start of the costs.

3.     What is the profile of a corrupt payment?

4.     Rachel Carson and Leadership

5.     The 24-Hour Rule by Adrienne Bellehumeur.

6.     Three Graphs Explain the Compliance Industry’s Growth

7.     What is top-of-mind with CCO’s?

8.     8 Handy Tools to Get AI-Generated Meeting Notes

9.     Queen of Due Diligence

Connect with Kristy Grant-Hart on LinkedIn

Spark Consulting

Tom 

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Compliance Into the Weeds

DOJ Expectations for Compliance & CCOs


Compliance into the Weeds is the only weekly podcast that takes a deep dive into a compliance-related topic, literally going into the weeds to more fully explore a subject. This week, Matt and Tom take a deep dive into the recent speech by Kenneth Polite, the Assistant Attorney General for the Criminal Division. Every compliance professional needs to read his remarks in-depth as they give significant insight into what the DOJ expects in compliance programs and CCOs involved in enforcement actions. Highlights include:

  • It all starts with a risk assessment.
  • The importance of culture.
  • Continuous testing and continuous improvement.
  • The role of monitors.
  • CCO certification going forward.

Resources
Matt in Radical Compliance

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This Week in FCPA

Episode 297 – the Ng Convicted edition


As the NY Mets have the best record in baseball and we prepare for the celebrations of Easter and Passover, Tom and Jay are back to look at some of the week’s top compliance and ethics stories in the Ng Convicted edition.
Stories

    1. Roger Ng was convicted. Tom in the FCPA Compliance and Ethics Blog.
    2. Lessons from DOJ’s first cyber fraud settlement? Annie Hudgins in the FCPA Blog.
    3. Depression as corporate materiality issue. Dick Cassin in the FCPA Blog. 
    4. Should CCOs be required to certify compliance programs? Mike Volkov in Corruption Crime and Compliance.
    5. CEO fined by SEC for impeding whistleblower. Aaron Nicodemus in Compliance Week. (sub req’d) Matt Kelly in Radical Compliance.
    6. How much BOD oversight of compliance is enough? Jeff Kaplan in Conflict of Interest Blog. 
    7. Compliance in recessionary times. Jim DeLoach in CCI.
    8. Water and corruption. Rick Messick in GAB.
    9. Why should an organization disclose diversity information? Antinuke Adrian in Harvard Law School Forum on Corporate Governance.  
    10. Data governance best practices. Eray Eliaçik in Data Economy. 

Podcasts and More

  1. Tom visits with Matt Galvin and Dan Kahn over a 2-part podcast series. In Part 1, they talk about dealing with the DOJ during an FCPA investigation and thereafter. 
  2. Into Star Trek, then join Tom and John Champion, who is on a 15-year mission to do a podcast on every episode of Star Trek, television, movie, and animated show on the podcast MissionLogPodcast.com. In Part 1, from TOS up to the start of TNG. In Part 2, from TNG to today. 
  3. This month on the Compliance Life, I visit with Susan Divers, Director of Thought Leadership at LRN. In Part 1, academic life and early professional career. In Part 2, she moves to the corporate world. 
  4. Why should you attend Compliance Week 2022? Find out on this episode of From the Editor’s Desk. Listeners get a $200 discount to CW 2022 with the code Fox200. More here. 
  5. Join Tom and Jay at ECI Impact 2022. Listeners to this podcast can save 20% off registration
    by entering discount code: TOM20 at checkout.
  6. Welcome back, Sam Rubenfeld.

Tom Fox is the Voice of Compliance and can be reached at tfox@tfoxlaw.com. Jay Rosen is Mr. Monitor and can be reached at jrosen@affiliatedmonitors.com.

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This Week in FCPA

Episode 296 – the Slap Seen ‘Round the World edition


On this April Fool’s Day for 2022, Tom and Jay are back to look at some of the week’s top compliance and ethics stories in the Slap Seen ‘Round the World edition.
 Stories

  1. The Slap Seen ‘Round the World and Compliance. Tom in FCPA Compliance and Ethics Blog.
  2. Will CCOs have to certify compliance? Text of Kenneth Polite speech. Tom and Matt in Compliance into the Weeds. Matt in Radical Compliance.
  3. Coal exec indicted under the FCPA. Harry Cassin in the FCPA Blog.
  4. Good bribes. Dick Cassin in the FCPA Blog.
  5. Why controls are key to compliance. Chris Audet in CCI.
  6. MarshMac UK sub garners Declination with Disgorgement. Dylan Tokar in WSJ Risk & Compliance Journal.
  7. ZTE whistleblower feared for his life. Ashley Yablon in CCI.
  8. Whistleblowing keys. Jan Stampers In Risk and Compliance Matters.
  9. Fine line between compliance and evasion of OFAC sanctions. Mike Volkov in Corruption Crime and Compliance.
  10. ISSB delivers sustainability guidelines. IFRS Press Release.

Podcasts and More

  1. What is the intersection of Sports and Ethics? Each year, Jason Meyer holds Ethics Madness, a discussion of this intersection done during March Madness. This year, Jason engaged Tom for Ethics Madness in the podcast format. It was cross-posted on Jason’s site Eight Mindsets, which he co-hosts with Nicole Rose and on Tom’s site, Greetings and Felicitations.
  2. Tom has a two part series with Aly McDevitt on her recent Ransomware case study, on Greetings and Felicitations, Part 1 and Part 2.
  3. Why should you attend Compliance Week 2022? Find out on this episode of From the Editor’s Desk. Listeners get a $200 discount to CW 2022 with the code Fox200. More here.
  4. Tom visits with longtime MS 150 rider Alan Peterson on The Hill Country Podcast. Donate to the fight against MS here.
  5. Why should compliance lead corporate ESG? Kristy Grant-Hart explains on the ESG Compliance Podcast.