Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen to the Daily Compliance News. All from the Compliance Podcast Network. Each day we consider four stories from the business world, compliance, ethics, risk management, leadership, or general interest for the compliance professional.
Stories we are following in today’s edition:
Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen to the Daily Compliance News. All from the Compliance Podcast Network. Each day we consider four stories from the business world, compliance, ethics, risk management, leadership, or general interest for the compliance professional.
Stories we are following in today’s edition:
Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen to the Daily Compliance News. All from the Compliance Podcast Network. Each day we consider four stories from the business world, compliance, ethics, risk management, leadership, or general interest for the compliance professional.
Stories we are following in today’s edition of Daily Compliance News:
In the short span of the 21st Century, the world’s two top powers, the United States and China, have moved inexplicably towards a showdown. This evolved from a commercial competition into something more akin to permanent non-kinetic warfare. What does this mean for US business doing business in and with China? In this special 5-part series, Tom Fox and Brandon Daniels, CEO of Exiger, a global leading third-party and supply chain management software company, explore issues diverse as real danger, supply chain, exports, cyber-attacks and IP theft from the business perspective and give the compliance and business executive their viewpoints on what you can do to not only prepare your company but protect it as well. In concluding Part V, we consider the roles of governments, businesses and thought leaders in leading the US business efforts in this coming conflict.
After uncovering a “constellation of disconnected issues” that are actually interconnected, Brandon Daniels must use regulation, funding and evangelism to incentivize public markets, combat the cyber threat and prevent conflict with China in order to protect national security. We discuss the importance of good compliance to good business; explore the government’s role in regulating cyber security, funding infrastructure upgrades, and incentivizing public markets and the role of businessmen and thought leaders. He also noted how conflicts with China can put companies out of business and the essential role of compliance in weathering the storm. His ultimate conclusion was that “good compliance is good business.”
Key Highlights
1. How has the government’s role changed in responding to the constellation of interconnected business and legal issues present today?
Notable Quote
“Good compliance is good business – we saw that so unbelievably clearly during the pandemic, and I think we could learn something from an old adage and renew that view that good compliance process is good business process.”
Resources
Tom Fox
Connect with me on the following sites:
Other episodes in this Series:
Episode 1-From Potential Conflict to Real Danger
In the short span of the 21st Century, the world’s two top powers, the United States and China, have moved inexplicably toward a showdown. This evolved from a commercial competition into something more akin to permanent non-kinetic warfare. What does this mean for US business doing business in and with China? In this special 5-part Series, Tom Fox and Brandon Daniels, CEO of Exiger, a leading global third-party and supply chain management software company, explore issues diverse as a real danger, supply chain, exports, cyber-attacks, and IP theft from the business perspective and give the compliance and business executive their viewpoints on what you can do to not only prepare your company but protect it as well. In Part IV, China’s aggressive tactics to steal intellectual property, we consider the responses to protect the US’s IP and how to take aggressive action against the Chinese government to seek remuneration for stolen assets.
What are China’s aggressive tactics in stealing intellectual property from countries all over the world? Through intelligence gathering, academic partnerships, and supply chain buyouts, China has managed to copy and counterfeit American business products and other technologies. Companies must harden their defenses and refuse to stand for IP theft by using the Rule of Law to take a stand against the theft of US intellectual property. Through a concerted effort, companies can fight back and reclaim their assets.
Key Highlights:
1. How is China aggressively stealing intellectual property and technology?
Notable Quote
“We foment innovation everywhere; anyone, anywhere, can be an innovator, can invent, and can end up getting the rewards from that.”
Resources
Tom Fox
Connect with me on the following sites:
Other episodes in this Series:
Episode 1-From Potential Conflict to Real Danger
In the short span of the 21st Century, the world’s top powers, the United States and China, have moved inexplicably toward a showdown. This evolved from a commercial competition into something more akin to permanent non-kinetic warfare. What does this mean for US business doing business in and with China? In this special 5-part series, Tom Fox and Brandon Daniels, CEO of Exiger, a leading global third-party and supply chain management software company, explore issues diverse as a real danger, supply chain, exports, cyber-attacks, and IP theft from the business perspective and give the compliance and business executive their viewpoints on what you can do to not only prepare your company but protect it as well. In Part III, we consider issues related to US exports to China and markets for US products if the China market is closed off to US companies.
The US-China conflict is intensifying, and as a result, businesses that export to China are feeling the strain. US companies exported nearly $149 billion worth of goods to China, but China still exports over $400 billion to the US. Do these trade deficits still matter? What happens when your biggest customer is no longer available? How do you go about finding new markets and reshoring customers? Join us as we explore this and other export issues in Part 3 of this special five-part series.
Key Highlights:
1. The importance of balancing the US-China economic relationship in light of the current crisis.
2. How does a business consider customer location an existential risk?
3. The potential for global economic rebalancing through collaboration between democracies.
Notable Quote
“We have to figure out how to make this a global market and ensure that this doesn’t just become some sort of nationalistic retrenchment.”
Resources
Tom Fox
Connect with me on the following sites:
Other episodes in this Series:
Episode 1-From Potential Conflict to Real Danger
In the short span of the 21st Century, the world’s two top powers, the United States and China, have moved inexplicably toward a showdown. This evolved from a commercial competition into something more akin to permanent non-kinetic warfare. What does this mean for US business doing business in and with China? In this special 5-part podcast post series, Tom Fox and Brandon Daniels, CEO of Exiger, a global leading third-party and supply chain management software company, explore issues diverse as a real danger, supply chain, exports, cyber-attacks, and IP theft from the business perspective and give the compliance and business executive their viewpoints on what you can do to not only prepare your company but protect it as well. In Part I, from potential conflict to real danger.
Are your relationships headed toward conflict or real danger? Find out in this first episode of this special 5-part podcast series. In this series, Tom is joined by Brandon Daniels, who is an advocate for free markets and democracy and is passionate about providing transparency to the global corporate ecosystem. As this podcast series was being recorded, Chinese authorities arrested employees of the Mintz Group in Beijing. The Mintz Group is a well-known and well-respected international investigations firm. This is one more step in the increasing opacity of the Chinese market. They consider the economic battle being lost to Chinese companies due to their coercive tactics. How do cheap bids pose national security risks? Explore these topics and more in this episode.
Key Quote- Brandon Daniels
“Don’t just go with the cheap bid. Pay attention to the national security risk that a cheap bid from one of these Chinese companies could mean to your business and think differently about how you establish security in critical products.”
Key Takeaways
Resources
Tom Fox
Connect with me on the following sites:
Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen to the Daily Compliance News. All from the Compliance Podcast Network. Each day we consider four stories from the business world, compliance, ethics, risk management, leadership, or general interest for the compliance professional.
Stories we are following in today’s edition of Daily Compliance News:
Welcome to the award-winning FCPA Compliance Report, the longest running podcast in compliance. Today, we have a special edition of the FCPA Compliance Report. On Wednesday, February 22, 2023, Hughes Hubbard & Reed and BGR Group co-hosted a virtual panel discussion on the U.S. House of Representative’s recent resolution to establish a Select Committee on Strategic Competition Between the United States and China as well as major changes in U.S.-China trade policy and its impact on U.S. and Chinese businesses with operations in both jurisdictions.
The panel was moderated by Hughes Hubbard partner and head of the Sanctions, Export Controls & Anti-Money Laundering practice group, Ryan Fayhee, who is joined by fellow international trade partner and chair of Hughes Hubbard’s China Practice, Roy Liu, as well as former staff director of the Senate Foreign Relations Committee, Lester Munson, co-head of the International Practice at BGR Group. This is a recording of their presentation.
Key Highlights
U.S. Export Control Regulations and Restrictions [00:04:51]
The Effectiveness of the China Select Committee in the House of Representatives. [00:09:19]
The Role of Bipartisanship in Overlapping Authorities [00:12:51]
Impact of U.S. Computer Chip Industry Subsidies [00:16:37]
The Presidential Authority and the US-Taiwan Relationship [00:20:19]
The Potential of Retaliatory Measures in China [00:23:42]
Navigating Chinese Investment in the US Amid Changing Protocols[00:28:14]
The Impact of Commerce on Bilateral Relationships [00:32:13]
Impact of China on Western Companies and Semiconductor Industry [00:40:01]
Exploring Business Opportunities in Changing China-US Relations [00:44:11]
US-China Relations and Their Impact on Global Politics [00:48:02]
The Impact of Congressional Hearings on Chinese Companies and Businesses Partnering with China [00:51:53]
Reforming the NDAA Process in 2024[00:56:00]
Original Source:
HHR House Committee on Strategic Competition.mov from Hughes Hubbard & Reed LLP on Vimeo.
Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen to the Daily Compliance News. All from the Compliance Podcast Network. Each day we consider four stories from the business world, compliance, ethics, risk management, leadership, or general interest for the compliance professional.
Stories we are following in today’s edition of Daily Compliance News:
