Tag: compliance

Sunday Book Review: March 31, 2024 Top Business Books for March Edition

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Post date March 31, 2024
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In the Sunday Book Review, I consider books that interest the compliance professional, the business executive, or anyone curious. It could be books about business, compliance, history, leadership, current events, or anything else that might interest me. In today’s edition of the Sunday Book Review, we look at the best new books on business from March 2024, as reported in the FT.

Irreplaceable: How to Create Extraordinary Places That Bring People Together by Kevin Ervin Kelley
Leadership from Bad to Worse: What Happens When Bad Festers by Barbara Kellerman
Female Founders’ Playbook: Insights from the Superwomen Who Have Made It, by Anne Boden
Cultures of Growth: How the New Science of Mindset Can Transform Individuals, Teams, and Organizations by Mary C. Murphy

Resources

Business books: What to Read This Month

For more information on Ethico and a free White Paper on ROI for your compliance program, click here.

Tags Business Books, compliance

10 For 10

10 For 10: Top Compliance Stories For the Week Ending March 30, 2024

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Post date March 30, 2024
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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 you the compliance professional and the compliance stories you need to know to end your busy week. Sit back, and in 10 minutes, hear about the stories every compliance professional should know from the prior week. Every Saturday, Tom Fox, the Voice of Compliance, curates 10 For 10 to highlight the most significant news, insights, and analysis for compliance professionals. Get your weekly fix of compliance stories with 10 for 10, a podcast from the Compliance Podcast Network.

Shohei Ohtani denies any knowledge of his translator’s gambling. (WSJ)
Luxury apartments targeted by DOJ. (WSJ)
Crypto-Exchange KuCoin faced money-laundering charges. (WSJ)
More Chinese companies are to be added to the banned list. (WSJ)
Corruption drives trafficking in SE Asia. (Al Jazeera)
South African Speaker of Parliament charged with corruption. (WaPo)
The former head of the China Football Association was jailed for life for corruption. (ESPN)
EY promotes neurodiverse talent. (BBC)
More neurodiverse claims are made in the workplace. (FT)
An MoD report on UK corruption vis-à-vis Saudi Arabia was found in a public archive. (The Guardian)

Click here for more information on the Ethico ROI Calculator and a free White Paper on the ROI of Compliance.

You can check out the Daily Compliance News, which features four curated compliance and ethics stories each day, here.

Connect with Tom

Tags compliance, corruption, Corruption in South Africa, DOJ, football, gambling, MLS, SEC, Shohei Ohtani

Compliance Tip of the Day

Compliance Tip of the Day: The Witness Interview

Post author By admin
Post date March 29, 2024
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Welcome to “Compliance Tip of the Day,” the podcast where we bring you daily insights and practical advice on navigating the ever-evolving landscape of compliance and regulatory requirements.

Whether you’re a seasoned compliance professional or just starting your journey, we aim to provide bite-sized, actionable tips to help you stay on top of your compliance game.

Join us as we explore the latest industry trends, share best practices, and demystify complex compliance issues to keep your organization on the right side of the law. Tune in daily for your dose of compliance wisdom, and let’s make compliance a little less daunting, one tip at a time.

In this episode, what are the characteristics of a good interview in the context of an internal investigation interview?

Click here for more information on the Ethico ROI Calculator and a free White Paper on the ROI of Compliance.

Tags compliance, internal investigations, interviews

Culture Crafters

Culture Crafters – How to Repair the Broken Culture at Boeing

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Post date March 29, 2024
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Seeing the regulators catch up to the business world is always interesting. That is what has happened to corporate culture. The Department of Justice is now assessing the corporate culture of any company under investigation. Yet, more than simply complying with this mandate, companies should strive to foster the best culture they can. The reason is deceptively simple: the better the culture, the better the company. However, many business executives and even compliance professionals do not know how to craft a culture that allows your employees and your organization to implement such strategies. How can you unlock the power of a thriving workplace culture?

In this podcast series, Sam Silverstein, the most trusted voice in America on accountability, and Tom Fox, the Voice of Compliance, discuss ways companies can elevate their culture to new heights. This episode examines the current Boeing scandal from a cultural angle.

The recent FAA report on Boeing has shed light on a worrying culture of fear, inadequate training, and mistrust within the company, leading to compromised safety standards. Tom points to management and cultural issues as the root causes of these safety failures. He insists that Boeing needs to foster a culture of safety, transparency, and open communication, without which it cannot rectify its current predicament. Sam emphasizes leadership’s crucial role in shaping a safe and open culture, arguing that leaders must take responsibility for any existing fear or retaliation. Drawing on his extensive experience advising leaders on accountability, Silverstein believes in the necessity of a culture where employees feel valued and can voice their concerns, suggesting that tough love may be the key to navigating Boeing’s safety issues.

Key Highlights:

Boeing’s Culture Impacts Safety Standards
Encouraging Safety Concerns Through Open Communication
Leadership’s Role in Shaping Organizational Culture
How can Boeing start to rebuild its culture?

Resources

Sam Silverstein

Sam Silverstein is on LinkedIn

Tom Fox

Tags Boeing, compliance, corporate culture, culture assessment, Culture audit, Sam Silverstein

Culture Crafters

Culture Crafters – Continual Culture Assessments

Post author By admin
Post date March 28, 2024
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Seeing the regulators catch up to the business world is always interesting. That is what has happened to corporate culture. The Department of Justice is now assessing the corporate culture of any company under investigation. Rather than simply complying with this mandate, companies should strive to foster their best culture. The reason is deceptively simple: the better the culture, the better the company. However, many business executives and even compliance professionals do not know how to craft a culture that allows your employees and your organization to implement such strategies. How can you unlock the power of a thriving workplace culture?

The importance of culture within organizations cannot be overstated; it serves as the backbone for organizational success and growth. Leadership’s power in shaping an organization’s culture requires leaders to live by the values they preach and ensure these values are mirrored in their actions. The existing culture should be continuously assessed through tools like culture audits. Achievements tied to the organization’s unique culture should also be celebrated.

Sam highlights that while all organizations have the potential to build a great culture, successful implementation depends mainly on leadership. He believes a strong, people-centric organizational culture can drive long-term success and growth. He urges the ongoing examination and enhancement of culture to foster a positive, high-performance work environment.

Key Highlights:

Cohesive Work Environment for Organizational Success
Cultural Audits for Organizational Success
The Need for Recognizing Workplace Success and Growth

Resources:

Sam Silverstein

Sam Silverstein on LinkedIn

Tom Fox

Tags compliance, culture, culture assessments, Culture audit, Sam Silverstein

Compliance Tip of the Day

Compliance Tip of the Day: Key Investigative Challenges

Post author By admin
Post date March 28, 2024
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Welcome to “Compliance Tip of the Day,” the podcast where we bring you daily insights and practical advice on navigating the ever-evolving landscape of compliance and regulatory requirements.

Whether you’re a seasoned compliance professional or just starting your journey, we aim to provide bite-sized, actionable tips to help you stay on top of your compliance game.

In this episode, we discuss some key challenges you will face in an investigation.

Click here for more information on the Ethico ROI Calculator and a free White Paper on the ROI of Compliance.

Tags compliance, internal investigations

Life with GDPR

Life With GDPR: NIS2 Balancing Obligations and Challenges for Compliance

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Post date March 28, 2024
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Tom Fox and Jonathan Armstrong, renowned experts in cyber security, co-host the award-winning Life with GDPR. Today we consider the NIS2 Directive, which is the EU-wide legislation on cybersecurity. It provides legal measures to boost the overall level of cybersecurity in the EU.

Cybersecurity regulations are reshaping the landscape, demanding swift action and accountability from organizations and individuals. The NIS2 Directive tightens reporting deadlines, putting pressure on organizations to comply with cybersecurity incidents. This means that organizations need to be prepared to act quickly and efficiently in the event of a cyber incident to avoid penalties and maintain trust with their stakeholders. Management faces increased personal liability under the NIS 2 Directive, highlighting the need for proactive cybersecurity measures. This emphasizes the importance of implementing strong cybersecurity protocols and staying ahead of potential threats to protect both the organization and individual leaders from legal and financial repercussions.

Regulatory bodies advocate for a shift towards prevention in cybersecurity to combat rising cyber threats. This shift in focus underscores the importance of investing in proactive cybersecurity measures rather than simply reacting to incidents after they occur, ultimately leading to a more secure and resilient digital environment. Join Tom Fox and Jonathan Armstrong as they delve deeper into this topic on this episode of the Life with GDPR podcast.

Key Takeaways:

NIS Two Directive: Stricter Reporting and Jurisdiction
NIS Two Directive: Management’s Cybersecurity Liability
Operational Resilience: Proactive Cybersecurity Measures

Resources:

Connect with Tom Fox

Connect with Jonathan Armstrong

Twitter

Tags compliance, Jonathan Armstrong, NIS2

Compliance Tip of the Day

Compliance Tip of the Day: The Forensic Auditor in Investigations

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Post date March 27, 2024
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Welcome to “Compliance Tip of the Day,” the podcast where we bring you daily insights and practical advice on navigating the ever-evolving landscape of compliance and regulatory requirements.

Whether you’re a seasoned compliance professional or just starting your journey, our aim is to provide you with bite-sized, actionable tips to help you stay on top of your compliance game.

In this episode, we discuss why every compliance professional needs a forensic auditor as a part of their investigative team.

For more information on the Ethico ROI Calculator and a free White Paper on the ROI of Compliance, click here.

Tags compliance, forensic auditor, internal investigations

Compliance Into the Weeds

Compliance into The Weeds: AI Washing and Compliance

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Post date March 27, 2024
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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 more fully explore a subject. Looking for some hard-hitting insights on compliance?

Look no further than Compliance into the Weeds! In this episode, Tom and Matt take a deep dive into the recent SEC enforcement actions involving AI washing and what it all may mean for the compliance professional.

The evolving landscape of Artificial Intelligence (AI) has brought on a new paradigm of risk management in AI disclosures. This has caught the attention of regulatory bodies like the SEC, thereby necessitating a heightened focus on transparency and the implementation of comprehensive risk strategies.

Tom advocates for the integration of AI risk reporting into the overall risk management strategy, emphasizing the need for governance and the right risk control measures. His views are shaped by his understanding of the potential repercussions of misleading AI disclosures and the significance of transparency in warding off enforcement actions from regulatory bodies.

Matt echoes a similar sentiment, underscoring the importance of recognizing and managing AI risks. His perspective is influenced by the unique challenges that AI poses, calling for strategically tailored governance and risk management practices to navigate the complexities of AI technology.

Key Highlights:

AI Misrepresentation Enforcement by SEC
Transparency in AI Risk Reporting for Compliance
Integrating AI Risk into Overall Risk Management
Collaborative Roles for Effective AI Governance
A theory of unified risk management
What does all this mean for compliance and the compliance professional?

Resources:

Matt on Radical Compliance

Tom

Tags AI, AI washing, compliance, Risk Management

Culture Crafters

Culture Crafters – A Deep Dive into Culture Assessments

Post author By admin
Post date March 27, 2024
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It is always interesting to see the regulators catch up to the business world. That is what has happened to corporate culture. The Department of Justice is now assessing the corporate culture of any company under investigation. Yet more than simply complying with this mandate, companies should strive to foster the best culture they can. The reason is deceptively simple: the better the culture, the better the company.

But many business executives and even compliance professionals do not know how to craft a culture that allows your employees and, thereby, your organization to implement such strategies. How can you unlock the power of a thriving workplace culture?

In this podcast series, Sam Silverstein, the most trusted voice in America on accountability and Tom Fox, the Voice of Compliance, look at the ways companies can elevate their culture to new heights.

In this episode, they take a deep dive into culture assessments, highlighting the significance of this process in maintaining effective leadership, employee engagement, diversity, equity, and inclusion.

Comprehensive assessment is a cornerstone for the success of organizations, underpinning their ability to identify weaknesses, implement improvements, and foster a strong ethical culture. Tom and Sam underscore the necessity of a comprehensive assessment for leaders to understand and manage all crucial aspects of their organizations, a neglect of which could be seen as negligence.

They stress the importance of assessment in addressing key areas like stress, diversity, and ethics to attract top talent and boost productivity, profitability, and overall performance. Both advocates believe that without comprehensive assessment, organizations fail their stakeholders and harm their own success and reputation.