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12 O’Clock High-a podcast on business leadership

Business Leadership Failures from 2019-Ericsson


This week I have a special five-part podcast series where I am joined by Amii Barnard-Bahn to review some of the top business leadership failures of 2019. Today, we conclude our series by considering some of the leadership failures of the Swedish telecom company Ericsson in connection with its stunning FCPA enforcement action of over $1bn in fines and penalties. Some of the issues we explore in this podcast include:

  •  Ericsson is the second largest FCPA settlement of all time.
  • Why is telecom such a riskiest industry for FCPA violations?
  • This matter had shockingly simple bribe schemes together with an appallingly weak control system and compliance culture.
  • Thus far, the communications from leadership thus far seem to be driven by legal, lack depth and have a defensive tone. They recently brought in a new CCO and revamped their compliance team.
  • The company will have a monitor for 3 years. 

About Amii 
Amii Barnard-Bahn, JD, PCC, CCEP, CCEP-I  is an executive coach who specializes in accelerating the success of legal and compliance executives and their teams. A leadership columnist for Compliance Week and Fellow at the Harvard Institute of Coaching, Amii previously shaped company culture and strategic initiatives as an executive (CAO, Chief Compliance Officer, and Chief Human Resources Officer) at companies such as McKesson and Allianz. Forbes has recognized Amii as “one of the top coaches for legal and compliance executives.”
Contact Amii
Executive Coach and Strategic Advisor
Barnard-Bahn Coaching & Consulting
Office: (510) 301-0400 | Email: amii@barnardbahn.com |website: www.barnardbahn.com
Resources
For helpful insights and actionable tips on accelerating your career, sign up for Amii’s bi-monthly newsletter at bit.ly/amiibbnews

Categories
Compliance Into the Weeds

Ericsson from the Internal Controls Perspective

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. In this episode, Matt Kelly and I go into the weeds about the Ericsson FCPA enforcement action from the internal controls perspective.
Some of the highlights include:

  • What does this enforcement action tell up about internal controls?
  • How were the business units able to evade internal controls for so long?
  • Was there control override?
  • What is the role of ERP systems such as Oracle and SAP in compliance?
  • If a company refuses to use standard ERP systems, is that a control failure under the FCPA?
  • What are the lessons learned for a corporate compliance program?
  • What does all this mean for compliance professionals going forward?

Resources
Tom’s blog posts, both the FCPA Compliance and Ethics Blog.
Part 1-Overview
Part 2-The Bribery Schemes