Tag: Due Dilience

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2 Gurus Talk Compliance

2 Gurus Talk Compliance – Episode 3

What happens when two top compliance commentators get together? They talk compliance, of course. Join Kristy Grant-Hart and Tom Fox for their new podcast, 2 Gurus Talk Compliance! But it is not simply Kristy and Tom talking about compliance. In this podcast series, Kristy and Tom also review other top commentators in compliance. In this podcast, we discuss the recent jail time for a Wells Fargo executive, the UK government’s plan to enforcement of anti-corruption and AML violations, due diligence before acquiring a company, and the recent charges against the co-founder of FTX. They also touch on the shift towards valuing a healthier relationship with work and the potential of the Metaverse in the compliance industry. Tune in to hear Tom and Kristy break down the latest compliance news and provide valuable insight into the industry that will keep you ahead of the curve.

 Highlights Include

·      Corporate Ethics and Compliance

·      The Wells Fargo Scandal and Criminal Accountability

·      Uncertainty surrounding CCO certification

·      UK Government’s Fight Against Corporate Crimes

·      COVID and the Future of Work

·      The Importance of Due Diligence in Acquisitions

·      Move into the compliance profession

·      Indictment of Samuel Bankman Fried

 Notable Quotes

1.      “If you buy a company engaging in bribery corruption, you’re not responsible for that. But when you take title and ownership, they are not engaging in broader corruption. It is you are engaging in broader corruption.”

2.     “I just think that flat banning of CHAT GPD is taking away hugely useful business tools to the Italian business sector.”

3.     “It is incredibly rare for a bank officer to be held criminally accountable.

4.     I think we’ll start to see that now move from becoming an extraordinary practice to a best practice to a regular practice to table stakes.

Resources 

1.     Italy Bans ChatGPT

2.     Why have workers given up the office

3.     CCO certifications

4.     Getting your first job in compliance

5.     SBF and the FCPA

6.     Carrie Tolstedt pleads guilty

7.     UK to invest in economic crime enforcement

8.     What is happening to the Metaverse

9.     Flutter settles FCPA enforcement action

Connect with Kristy Grant-Hart on LinkedIn

Spark Consulting

Connect with Tom Fox on Linkedin

Categories
FCPA Compliance Report

Brandon Daniels-Ongoing v. Point in Time Due Diligence


In this episode of the FCPA Compliance Report, I visit with Brandon Daniels, President of Exiger. Brandon is a long-time favorite on the FCPA Compliance Report, and he always brings a unique perspective to a variety of compliance topics. In this episode, we look at the Theranos case from a very different angle than the criminal fraud trial of Elizabeth Holmes. We consider the due diligence lessons from Theranos. Highlights of this podcast include:

  1. What is the difference between ongoing due diligence v. point in time due diligence?
  2. How does Due Diligence on potential investments different (or not) from DD on other types of 3rd parties?
  3. What areas should you look at in DD of potential business partners/investments?
  4. How do you perform DD on leaders or senior management of potential business partners/investments?
  5. What should people or skill sets be on your DD team? For instance, would you suggest being on a DD team to evaluate Theranos?
  6. How do you evaluate the risk, or are you simply trying to ID red flags?
  7. Does DD provide insight into the leader of potential business partners/investments continuing after the deal is done?

Resources
Brandon Daniels on Exiger website
Pre-investment, IPO, and Fund-Raising DD