Tag: COVID-19

Categories
Why a Duck

COVID-19 and Compliance: Part 2-Board of Directors and Crisis Management


In this five-part series, Mike Volkov and Tom Fox consider COVID-19 from a variety of angles and perspectives; from the Board of Directors, the CCO, the ethical company, new laws and regulations, crisis management and leadership. In this second episode, we consider the role of the Board of Directors and crisis management. Highlights from the podcast include:

  1.  Companies have three significant initial hurdles in the COVID-19 context: (a) Can the business continue to operate while protecting health and safety of employees and stakeholders? (b) If so, how can business continue and operate efficiently? (c) What will be impact on business from discontinuation of related industries?
  2. Are you assessing your risks in an ongoing and (almost) daily updating manner?
  3. What are your scenario-based financial analyses relating to capital, liquidity, financial health and survival?
  4. What is your succession planning?
  5. Security, data protection and privacy protocols.

Resources
Mike Volkov
Board Governance Challenges in COVID-19 Crisis
COVID-19: Crisis Management
Tom Fox
Peter Eyre on Navigating the Waters
Mike Cherkasky on Testing Your Mettle

Categories
Daily Compliance News

April 7, 2020-the Scared to Death edition


In today’s edition of Daily Compliance News:

  • Former Fox Sports execs indicted for bribery violations. (Reuters)
  • Whining Acting Navy Sec attacks former Captain of Theodore Roosevelt. (NYT)
  • BoJo moved to intensive care. (WSJ)
  • Companies now afraid of arbitration by customers. (NYT)
Categories
Why a Duck

COVID-19 and Compliance: Part 1-Business Ethics Matters Even More Now


In this five-part series, Mike Volkov and Tom Fox consider COVID-19 from a variety of angles and perspectives; from the Board of Directors, the CCO, the ethical company, new laws and regulations, crisis management and leadership. In this first episode, we consider the why compliance and ethics are even more important during coronavirus health crisis and what it may all mean going forward. Highlights from the podcast include:

  1. Businesses must lead from the top.
  2. Ethical decision making must be the guidepost for all decisions.
  3. Who are all the stakeholders which need to be considered?
  4. There are a variety of stakeholders which must be considered but health and safety should be the Number 1 consideration.
  5. Should employees be the No. 1 consideration?
  6. How will Gen Z view your company’s actions?

Resources
Mike Volkov-Ethical Business Decisions in the COVID-19 Crisis
Tom Fox–Company Responses

Categories
ComplianceLIVE

Episode 16: Cashiers, Baggers, and Delivery Drivers-A COVID-sation with Nick Gallo

Co-CEO Nick is back in the studio! We talk history, ComplianceLine culture, and the future of companies after the COVID-19 apocalypse.

Check out more episodes and full episode videos at ComplianceLine.com, and don’t forget to subscribe on your favorite podcast platform!

Categories
Compliance Into the Weeds

According to Frank…A Tale of Compliance and COVID-19


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. As with many of you, we are overwhelmed with COVID-19 information. Matt and I want to bring some clarity, if not sanity to the conversation. In this podcast we continue our exploration of the parameters and impacts of COVID-19, by taking a look at one compliance tale in the time of coronavirus…according to Frank.
Some of the highlights include:

  • What is being Frank in the time of COVID-19?
  • Have your underlying assumptions on risk changed?
  • Why must you look at risk not simply with another set of eyes but also with a different eye?
  • With COVID-19, the risk is not only different but also unknown.
  • Why are isolation and quarantine key?
  • Why is focus on your risk management process so critical now?
  • Are you revamping your engines at 40,000 ft at 480 mph?
  • Stay tuned to after the outro for a special bonus piece on the phrase According to Hoyle…

Resources
Matt Kelly blog post, One Compliance Tale in the Time of COVID