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Business Integrity Innovations

Business Integrity Innovations: Championing Integrity – Trade, Integrity, and Investment in Africa: Insights from Toki Mabogunje

Business Integrity Innovations is brought to you by the Center for International Private Enterprise (CIPE) and the Compliance Podcast Network (CPN). This podcast is inspired by Ethics 1st, a multi-stakeholder initiative led by CIPE that creates pathways for accountable and sustainable investment in Africa. Companies can use Ethics 1st to standardize their business practices, develop sound corporate governance systems, and demonstrate their commitment to compliance and business ethics.

Tom and Lola welcome Toki Mabogunje, a distinguished business leader and former Lagos Chamber of Commerce and Industry President, in this episode. She is also the Vice Chair of Africa at ICC World Chamber Federation. Toki shares insights from her extensive career, spanning public service, international law, and business development. Her discussion offers a deep dive into challenges and opportunities for businesses in Africa, emphasizing the importance of compliance and ethical practices. Toki also highlights the unique hurdles SMEs face, including access to finance and fluctuating government policies, and advocates for foreign investment and technical skill transfer to boost Africa’s economic landscape. Additionally, Toki discusses her role as the honorary consul for Tanzania to Nigeria, focusing on fostering trade relations and economic diplomacy between the two nations.

Key highlights:

  • Toki’s Professional Journey
  • Challenges in Accessing Finance
  • Importance of Business Compliance
  • Government Policy and Business Challenges
  • Opportunities for Western Companies in Africa

Resources:

Toki Mabogunje on Linkedin

TMC

ICC World Chamber Federation

CIPE

CIPE

Ethics 1st

Categories
Blog

FT Business Book of the Year, Alison Taylor and Higher Ground

The Financial Times (FT) and Schroders Business Book of the Year Award is the most prestigious accolade in business publishing, recognizing exceptional insight, research, and storytelling in books addressing current business, economic, and financial issues.  The FT Business Book of the Year Award highlights books that significantly impact the understanding of global business issues, often bringing complex topics like economic theory, corporate culture, innovation, and ethics to a wider audience. It serves as a quality benchmark in business publishing, with many past winners going on to influence policy, business practices, and public discourse.

The Financial Times’ reputation ensures that nominated books are taken seriously by readers, reviewers, and business leaders worldwide.  The FT Business Book of the Year Award draws attention to emerging trends and thought leadership in business, with topics often reflecting current global challenges. For example, recent winners have focused on climate change, economic inequality, corporate responsibility, and technology’s impact on society. Ultimately, the FT Business Book of the Year Award plays a significant role in shaping the business conversation by identifying the most relevant and impactful works that capture the challenges and dynamics of modern commerce. To make the Long List of nominees, a book was among 16 selected out of over 600 entries.

If you are in the compliance field, you are probably lucky enough to know one of this year’s Long List nominees–Alison Taylor, whose book, Higher Ground-How Business Can do the Right Thing in a Turbulent World, has provided a fresh dialogue on the evolving role of business ethics in corporate governance. Alison once gave me the moniker The Rock and Roll Compliance Blogger. But even more importantly, Alison has long contributed to and, in many ways, led the ongoing dialogue in the corporate compliance community on compliance and ethics and sustainability and ESG on the other. Her central thesis questions why these two fields, both concerned with promoting responsible corporate behavior, remain siloed and isolated. Higher Ground bridges this gap, providing corporate leaders a roadmap for fostering a more integrated approach to ethical business practices.

Taylor opens *Higher Ground* with a case study on Starbucks—a company widely regarded as a leader in corporate responsibility. Known for benefits like health insurance for part-time employees, Starbucks has long been a model of progressive labor practices. But recently, the coffee giant has faced substantial backlash over labor rights issues as employees pushed for unionization, highlighting a disconnect between corporate policies and ground-level employee sentiment.

This disconnect between corporate identity and stakeholder perception illustrates a significant point for Starbucks: being a “good” business isn’t a shield against reputational risks. Despite its robust ESG credentials, Starbucks has been mired in controversy, underscoring that even the most well-intentioned corporations may face criticism if stakeholders perceive a misalignment between professed values and on-the-ground realities. Taylor’s analysis reminds compliance professionals that reputation and stakeholder trust can be fragile and influenced by factors beyond traditional ESG metrics.

Overcoming the Trap of Overpromising in Corporate Purpose

Taylor’s argument extends to the challenge of corporate overpromising, a pitfall many organizations find themselves in when attempting to cater to the demands of diverse stakeholders. As she points out, recent trends have created a polarized landscape where companies are criticized from both sides—either for being too focused on social responsibility (often labeled as “woke” by critics) or for not doing enough. Navigating this space requires corporate leaders to communicate clearly and make decisions based on what is realistically achievable.

In Higher Ground, Taylor encourages leaders to avoid becoming trapped by unsustainable promises. Instead, she advocates for identifying one to three critical issues that align with the company’s long-term strategic goals. Prioritizing these issues allows organizations to make meaningful progress while maintaining their efforts across many fronts. For compliance professionals, this approach emphasizes the need to set realistic, measurable goals in alignment with an organization’s core values.

Moving from Rules-Based to Principles-Based Compliance

One of the most resonant themes in Higher Ground for compliance officers is Taylor’s call to shift from a rules-based to a principles-based approach to compliance. While rules and regulations are fundamental to compliance programs, they can fall short when organizations face nuanced ethical dilemmas. Principles-based compliance, which emphasizes ethical judgment and a strong moral compass, allows organizations to respond more effectively to complex situations that cannot be anticipated by rules alone.

Taylor argues that fostering an ethical culture requires more than drafting policies and procedures. It involves setting up systems where employees feel empowered to speak up and exercise sound judgment. Compliance leaders should aim to cultivate an environment where employees are encouraged to use their ethical instincts and are rewarded.

Addressing the Generational Shift in Corporate Expectations

As Taylor observes, today’s workforce spans five generations, each with its values, priorities, and expectations from corporate leadership. Millennials and GenZers highly value authenticity, transparency, and social impact. They are also more inclined to speak up on climate change and diversity, often pushing their employers to take public stances.

This shift presents both challenges and opportunities for compliance leaders. Younger generations’ desire for accountability and transparency aligns well with the goals of modern compliance programs, which are increasingly centered around creating ethical, transparent workplaces. However, the push for corporate responsibility requires careful management to ensure that public commitments align with internal practices. Taylor emphasizes the need for open communication, a willingness to address employee concerns, and a commitment to genuine stakeholder engagement.

Balancing Impact and Purpose

Taylor posits that a meaningful corporate purpose is inseparable from measurable impact. While “purpose” has become a popular corporate buzzword, she cautions that it remains little more than marketing rhetoric without concrete actions and results. For companies to build true stakeholder trust, they must put impact at the core of their purpose, recognizing both their operations’ positive and negative effects on society.

This perspective offers valuable guidance for compliance leaders. Compliance programs must go beyond box-ticking exercises and contribute meaningfully to the organization’s ethical culture. By making decisions based on their actual impact on employees, customers, and the broader community, compliance teams can help build a more resilient and trustworthy corporate reputation.

Practical Steps for Building an Ethical, Responsible Organization

Higher Ground provides practical insights for organizations seeking to improve their ethical culture and align with evolving stakeholder expectations. Some actionable steps for compliance professionals include:

  1. Set Priorities. Instead of meeting every stakeholder’s demand, focus on one to three key issues where the organization can make a meaningful impact.
  2. Encourage Open Dialogue. Foster a culture of transparency where employees feel comfortable voicing ethical concerns, even when these concerns challenge leadership decisions.
  3. Embrace a Principles-Based Approach. Shift the focus from strict rule adherence to fostering ethical judgment and principled decision-making across the organization.
  4. Align Corporate Promises with Impact. Ensure public commitments are backed by actionable, measurable goals reflecting the organization’s values and capabilities.
  5. Engage Multiple Generations. Recognize each generation’s unique values in the workforce and create an inclusive environment that respects diverse perspectives on social and environmental issues.

In Higher Ground, Alison Taylor offers a comprehensive exploration of how businesses can bridge the gap between ethics and sustainability, building trust and integrity. By examining the role of corporations through the lens of stakeholder expectations, she challenges leaders to redefine success beyond shareholder value. Her call for a more nuanced approach to business ethics resonates strongly in today’s rapidly evolving regulatory and social landscape.

For compliance professionals, Taylor’s work is a timely reminder of the importance of staying connected to the broader organizational mission and ensuring that ethics programs are integrated into every facet of the business. Whether setting clear priorities, encouraging open dialogue, or embracing principles-based compliance, Higher Ground provides a roadmap for leaders committed to building ethical organizations in the 21st century.

If you want to explore these themes in more depth, please check out Higher Ground and join the thoughtful conversation that Taylor has started. Given the advent of the second Trump Administration, these discussions have taken on a new urgency.

Categories
Principled Podcast

Principled Podcast: S11E10 | Unlocking the Secrets to Empowering Leaders to Champion Ethics and Compliance in Organizations

In this episode of the Principled Podcast, join Amy Hanan, LRN’s Chief Marketing Office, and Lance King, Head of Group Compliance at Virgin Media O2, as they examine how organizations can empower leaders to champion ethics and compliance, discussing what it takes to build high performing compliance teams, manage regulatory risks, and how to develop effective relationships from shop floor to the C-Suite.

Guest: Lance King

Episode Cover - Lance King - Season 11 Episode 10

Lance King is the Head of Compliance at Virgin Media O2, bringing over 25 years of leadership experience in financial services. His career has spanned P&L responsibilities in frontline retail banking and media store teams, culminating in his current position where he leads the compliance function for one of the largest media companies in the UK. Lance is an inspirational leader known for delivering transformational change and excels in developing innovative regulatory solutions, forging effective relationships, and leading diverse teams to support company strategy and executive leadership obligations.

Host: Amy Hanan

Principled Podcast - Season 11 Episode 8 - - Amy Hanan

Amy Hanan is the chief marketing officer at LRN. Amy, a B2B digital marketing leader, has a nearly 20-year track record in product, brand, lifecycle, and demand-generation marketing and corporate communications for media, professional services, and technology companies. One of her central areas of expertise is executing tech-enabled marketing initiatives for growth. Before joining LRN, Amy was the chief digital officer at Baretz+Brunelle, a marketing and communications agency serving the legal and financial services industries. Her previous experience includes Reorg Research, ALM Media, and The Associated Press. She holds a Bachelor of Arts degree from Northern Arizona University.

Connect with the Compliance Podcast Network at:

LinkedIn: https://www.linkedin.com/company/compliance-podcast-network/
Facebook: https://www.facebook.com/compliancepodcastnetwork/
YouTube: https://www.youtube.com/@CompliancePodcastNetwork
Twitter: https://twitter.com/tfoxlaw
Instagram: https://www.instagram.com/voiceofcompliance/
Website: https://compliancepodcastnetwork.net/

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Trekking Through Compliance

Trekking Through Compliance – Episode 49 – Business Ethics and Compliance Lessons from Return to Tomorrow

In this episode of Trekking Through Compliance, we consider the episode  Return to Tomorrow, which aired on February 9, 1968, and occurred on Star Date 4768.3.

The Enterprise receives a distress call from a planet hundreds of light years too distant to have been visited by any Earth ship. Spock determines that the planet is similar to Earth but older and that its atmosphere was ripped away half a million years ago. Spock detects a power source originating 100 miles below the planet’s surface, and they all beam down.

The landing party discovers evidence of an ancient culture on a planet whose habitable surface was destroyed long ago by a self-inflicted cataclysm. They meet Sargon, whom Sargon occupies Kirk’s body. This transference produces great stress on Kirk’s body, causing McCoy to become alarmed. Sargon then asks to borrow the bodies of Spock and Dr. Mullhall so that they may construct androids. Sargon realizes that the temptation for him and Filissa to abuse their god-like powers is too great, and he and Filissa desert their bodies and fade into oblivion.

Commentary

The plot involves the Enterprise responding to a distress call, leading to encounters with disembodied entities seeking to take over the crew’s bodies to construct androids. This episode provides various lessons on compliance and business ethics, such as the importance of autonomous decision-making, informed consent, and transparency. Ethical dilemmas also illustrate the necessity of prioritizing the greater good, maintaining oversight and ethical boundaries, and fostering collaboration across functions. Additionally, the episode discusses controversies related to religion and script alterations made by Gene Roddenberry.

Key Highlights

  • Sargon’s Request and the Crew’s Dilemma
  • The Transference and Its Consequences
  • The Betrayal and Resolution
  • Fun Facts and Behind the Scenes
  • Business Ethics Lessons from ‘Return to Tomorrow’

Resources

Excruciatingly Detailed Plot Summary by Eric W. Weisstein

MissionLogPodcast.com

Memory Alpha

Categories
Principled Podcast

Principled Podcast: S11E8 | Bridging Global Standards: Navigating Compliance and Ethics in Japan

In this episode of the Principled Podcast, host Amy Hanan, LRN’s Chief Marketing Officer, is joined by Ayumi Kijima, Head of Group Compliance at ORIX, headquartered in Tokyo. This episode examines the evolving landscape of global compliance programs in Japan and internationally and how organizations like ORIX Group are shaping them to meet the challenges of a rapidly changing business environment while staying true to their core values.

Guest: Ayumi Kijima

Principled Podcast - Season 11 Episode 8 - Ayumi Kijima

Ayumi Kijima works at ORIX Corporation as its Assistant General Counsel and Head of Group Compliance, designing, implementing, and overseeing the compliance program for the ORIX Group companies in Japan and overseas. Before joining ORIX Corporation, Ayumi worked as an Associate at the Tokyo office of Squire Patton Boggs. She is qualified to practice law in California.

Host: Amy Hanan

Principled Podcast - Season 11 Episode 8 - - Amy Hanan

Amy Hanan is the chief marketing officer at LRN. Amy, a B2B digital marketing leader, has a nearly 20-year track record in product, brand, lifecycle, and demand-generation marketing and corporate communications for media, professional services, and technology companies. One of her central areas of expertise is executing tech-enabled marketing initiatives for growth. Before joining LRN, Amy was the chief digital officer at Baretz+Brunelle, a marketing and communications agency serving the legal and financial services industries. Her previous experience includes Reorg Research, ALM Media, and The Associated Press. She holds a Bachelor of Arts degree from Northern Arizona University.

Get a copy of the Japan edition of LRN’s 2024 Ethics & Compliance Program Effectiveness Report.

Connect with the Compliance Podcast Network at:

LinkedIn: https://www.linkedin.com/company/compliance-podcast-network/
Facebook: https://www.facebook.com/compliancepodcastnetwork/
YouTube: https://www.youtube.com/@CompliancePodcastNetwork
Twitter: https://twitter.com/tfoxlaw
Instagram: https://www.instagram.com/voiceofcompliance/
Website: https://compliancepodcastnetwork.net/

Categories
Trekking Through Compliance

Trekking Through Compliance: Episode 11 – Ethical Lessons from Menagerie, Part 1

In this episode of Trekking Through Compliance, we consider the episode The Menagerie (Part One), which aired on November 17, 1966, Star Date 3012.4.

Story Synopsis

This was the original pilot episode presented to NBC. Set in 2267, the Enterprise arrives at Starbase 11 in response to a subspace call Spock reported receiving from the former captain of the Enterprise, Christopher Pike, under whom Spock had served. Pike cannot move or communicate other than answering yes/no questions with a device operated by his brainwaves. Pike refuses to communicate with anyone except Spock.

Spock, meanwhile, commandeers the Enterprise using falsified recordings of Kirk’s voice and orders the ship to depart under the computer’s control. After several hours, upon learning from the computer that the shuttlecraft does not have enough fuel to return to the starbase, Spock brings them aboard and then gives himself up, confessing to mutiny. Mendez convenes a hearing, at which Spock requests immediate court-martial, which requires three command officers. The tribunal begins, and Spock offers as his testimony what seems to be video footage of the Enterprise’s earlier visit to Talos IV in 2254.

In 2267, the scene is interrupted by a message from Starfleet Command, which reveals that the images they have been viewing are transmitted from Talos IV. Mendez is placed in command of the Enterprise, but Spock begs Kirk to see the rest of the transmission.

Commentary

In this episode of Trekking Through Compliance, host Tom Fox delves into the first part of ‘The Menagerie,’ a pivotal Star Trek episode derived from the original pilot, ‘The Cage.’ The episode follows the Enterprise’s detour to Starbase 11 after Spock receives a message supposedly from former Captain Christopher Pike, only to find Pike severely injured and unable to communicate. Spock’s subsequent actions lead to a gripping courtroom drama and examination of ethical dilemmas. Tom highlights key ethical lessons, including informed consent, disability rights, truthfulness, ethical decision-making, and whistleblowing, showing how these can be applied within compliance programs to foster a more moral and just organizational environment.

Key Highlights

  • Plot Summary of The Menagerie Part 1
  • Behind the Scenes and Fun Facts
  • Ethical Lessons from The Menagerie Part 1

Resources

Excruciatingly Detailed Plot Summary by Eric W. Weisstein

MissionLogPodcast.com

Memory Alpha

Categories
Blog

Navigating the New Ethical Landscape: Higher Ground with Alison Taylor

On a recent edition of the SBR Authors Podcast, I recently had the opportunity to visit with Alison Taylor, a renowned figure in the compliance and ethics community, about her new book,  Higher Ground. Alison has one of the most diverse professional backgrounds of any person I know in compliance. She is a Clinical Professor and Executive Director of Ethical Systems at NYU Stern School of Business. This blog delves into the key points discussed during the podcast, shedding light on the evolving landscape of business ethics and the challenges of maintaining an ethical culture today.

A series of intriguing transitions mark Taylor’s career. She began her professional journey with editing, consulting, and political risk roles before spending twelve years in corporate investigations. This period saw her working with Control Risks, leading investigations across the Middle East, Africa, and the Americas. Her work included due diligence, FCPA investigations, and background checks when FCPA enforcement gained significant momentum.

In 2015, Alison transitioned to the field of sustainability. She joined a non-profit organization to consult with multinational corporations on climate change, human rights, and corporate responsibility issues. Since late 2019, she has been part of the faculty at NYU, first running a think tank called Ethical Systems and now adding on as a full-time faculty member. Alison’s broad experience across different business ethics and sustainability domains gave her a unique perspective, ultimately leading to her book, Higher Ground.

Taylor’s shift from corporate investigations to sustainability and ESG highlighted a fascinating disconnect. While both fields aimed to define what it means to be a good and ethical business, they approached the issue very differently. The language, concepts, and philosophical foundations varied significantly between the two. This disconnect inspired her to explore why these two disciplines, despite their common goals, needed to communicate more effectively with each other.

Higher Ground aims to bridge this gap. Taylor sought to provide clarity for those grappling with questions about business ethics and the role of businesses in society, especially for senior leaders who may need deep expertise in both compliance and sustainability. The book is designed to guide readers through the complexities of these topics, offering a path forward in an increasingly chaotic business environment.

Writing a book is challenging, and Taylor’s experience was no different. She initially thought of herself as not a morning person but quickly realized that her most productive writing time was in the early hours of the day. She found that she could only manage about three to four hours of effective writing each day, after which her productivity declined. This disciplined approach helped her balance writing the book with her full-time job and teaching responsibilities.

The process took about two years and involved multiple rewrites and restructures. Taylor described it as an emotional roller coaster, with periods of satisfaction followed by moments of doubt. Despite the challenges, she completed the book, providing valuable insights into the evolving field of business ethics.

Taylor chose to open her book with the story of Starbucks and its labor rights issues. Despite being a leader in sustainability and labor rights by many measures, Starbucks faced significant reputational challenges over its stance on unionization. This example illustrated how a company could excel in ESG metrics yet still suffer reputational damage due to specific strategic errors.

Starbucks, known for its favorable treatment of employees and leadership in sustainability, faced backlash from students, investors, and employees over its anti-union stance. This contradiction highlighted the complexities of maintaining an ethical reputation. Alison used this case to demonstrate that reputational risk is not a linear accountability mechanism but more like a funhouse mirror, reflecting the unpredictable nature of stakeholder perceptions.

Taylor emphasized the importance of honesty and focus in building stakeholder trust. In today’s polarized environment, companies are often caught between unrealistic expectations from the left and the right. She argued that companies need to be more honest about what they can and cannot achieve, focusing on a few strategically important issues rather than trying to address every concern.

She suggested that companies conduct materiality assessments to identify the most relevant issues and concentrate on these areas. Companies can build more sustainable trust with their stakeholders by aligning their actions with their strategic priorities and being transparent about their limitations.

Taylor discussed the importance of aligning rules and policies with the broader business culture. She noted that compliance efforts often fail when there is a disconnect between stated values and actual behavior or when there are different rules for senior leaders and other employees. Successful compliance programs require the support and engagement of the entire organization, not just the compliance department.

She also highlighted the need for compliance and ethics teams to work closely with other parts of the business. By integrating ethical considerations into the overall business strategy, companies can create a more coherent and practical approach to compliance and corporate responsibility.

With five generations now present in the workplace, Alison explored the challenges and opportunities of engaging a diverse workforce. Younger employees are more likely to be concerned with climate change and diversity and expect authenticity and accountability from their employers.

Taylor also noted that younger employees often push for change, while resistance is more common at the senior levels. Companies need to find ways to harness this energy and passion and use it to drive positive change. This involves creating mechanisms for employee voice and encouraging open debate about ethical issues.

Alison Taylor’s Higher Ground provides a thoughtful and comprehensive guide to navigating the complex world of business ethics and sustainability. Her insights from a rich and varied career offer valuable lessons for companies striving to build trust and maintain ethical cultures in an ever-changing landscape. By focusing on strategic priorities, aligning actions with values, and engaging a diverse workforce, businesses can rise to the challenges of today’s ethical environment and positively impact society.

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Adventures in Compliance

Adventures in Compliance: Compliance Lessons from The Second Stain, Part 1

Welcome to a review of all the Sherlock Holmes stories collected in “The Return of Sherlock Holmes.”

This collection comprises thirteen detective stories written by Sir Arthur Conan Doyle, marking the reappearance of the brilliant detective Sherlock Holmes after his apparent death in “The Final Problem.”

The collection spans various intriguing cases and mysteries that Holmes and his loyal friend, Dr. John Watson, tackle.

Today, we conclude our exploration of the third group of short stories found in “The Return of Sherlock Holmes” with the first of a two-part look at the final story in this series, “The Adventure of the Second Stain.”

In this episode, we begin a special two-part look into “The Adventure of the Second Stain,” examining vital compliance lessons such as information security, risk management, ethical conduct, incident response, due diligence, communication, and accountability.

Additionally, we discuss ethical principles like honesty, responsibility, confidentiality, justice, duty, moral courage, empathy, and professional conduct, all through the lens of this classic detective tale.

Key Highlights:

  • Commentary on The Second Stain
  • Compliance Lessons from The Second Stain
  • Ethical Lessons from The Second Stain
  • Conclusion and Invitation to Engage

Resources:

The New Annotated Sherlock Holmes

Sherlock Holmes FAQ

Connect with Tom Fox

Instagram

Facebook

YouTube

Twitter

LinkedIn

For more information on Ethico and a free White Paper on top compliance issues in 2024, click here.

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Everything Compliance

Everything Compliance: Episode 132, The Tribute to Gene Marks Edition

Welcome to the only roundtable podcast in compliance as we celebrate our second century of shows.

In this episode, we have a quintet of commentators: Jonathan Marks, Matt Kelly, Jay Rosen, and Special Guest Karen Moore, all hosted and joined by Tom Fox.

1. Matt Kelly takes a deep dive into the recent speech by Michael Hsu on how fairness helps compliance. (Check out his blog on the topic here.) He shouts out to World Central Kitchen and their continued efforts to feed those in need.

2. Special guest Karen Moore takes a deep dive into the EU Corporate Sustainability Due Diligence Directive.  She shouts out to the Austrian government for providing citizenship to descendants of Nazi persecution by means of a declaration without having to give up their current citizenship or nationality in return.

3. Jonathan Marks talks about his father’s influence on him, which helped Jonathan form his views on ethics and the Kobayashi Maru. He shouts out to his father, Gene Marks for a full life well lived.

4. Jay Rosen looks at the enforcement action involving Trafigura. He shouts out to Lou Gossett, Jr. for his Oscar-winning role in An Officer and a Gentleman.

5. Host Tom Fox takes a deep dive into the Trafigura FCPA enforcement action to try and determine how (and why) the company was not required to have a monitor. He shouts out to Houston Astros pitcher Ronel Blanco, who threw a no-hitter in his 8th professional appearance at the age of 30.

The members of the Everything Compliance are:

Jay Rosen – Jay can be reached at Jay.r.rosen@gmail.com

Karen Woody – Is one of the top academic experts on the SEC. Woody can be reached at kwoody@wlu.edu

Matt Kelly – Founder and CEO of Radical Compliance. Kelly can be reached at mkelly@radicalcompliance.com

Jonathan Armstrong – is our UK colleague and an experienced data privacy/data protection lawyer in London. He can be reached at windyridgehouse@gmail.com

Jonathan Marks can be reached at jtmarks@gmail.com

Guest Karen Moore can be reached at Kmoore51@fordham.edu

The host, producer, ranter (and sometime panelist) of Everything Compliance is Tom Fox the Voice of Compliance. He can be reached at tfox@tfoxlaw.com. Everything Compliance is a part of the Compliance Podcast Network.

Categories
Principled Podcast

Principled Podcast: S11E6 | Ethics & Compliance Evolution in Singapore: Adapting to Global Risks

More than ever, the intensifying severity and frequency of new risks worldwide have heightened the focus of Ethics and Compliance (E&C) programs on risk mitigation efforts. LRN’s 2024 Ethics & Compliance Program Effectiveness Report presents comprehensive global data and insights from over 1,400 E&C professionals to underscore this trend. Our research emphasizes the effectiveness of values-based programs, which correlate strongly with reduced risk and improved business outcomes. Given this increasingly complex risk landscape, how are E&C programs in the Asia Pacific region, particularly in Singapore, adapting? Furthermore, what do these global best practices entail for programs in this region in their day-to-day operations?

In this episode of the Principled Podcast, Eric Morehead, LRN’s Director of Advisory Services Solutions, discusses the key insights from the Singapore edition of the 2024 Ethics & Compliance Program Effectiveness Report with Jarrod Baker, Partner at Deloitte Southeast Asia, exploring their implications for regional programs.

Guest: Jarrod Baker

Principled Podcasst - Season 11 Episode 6 featuring Jarrod Baker Deloitte - Episode Cover

Jarrod Baker is the Southeast Asia Leader for Forensic Investigations. Working across the globe, he has been instrumental in helping financial institutions and corporations with investigations into complex fraud, serious misconduct, and financial crime. Jarrod is experienced in working on high-profile matters involving regulators such as the United States Department of Justice, the Securities and Exchange Commission, the UK Financial Conduct Authority, and the Australian Securities and Investments Commission. This includes investigating breaches of anti-corruption legislation such as the FCPA, violations of trade sanctions, market misconduct, and financial misstatement. He is well-versed in helping corporations develop, implement, and monitor the effectiveness of their anti-corruption compliance frameworks.

Host: Eric Morehead

Headshot_Principled Podcast_Eric Morehead

Eric Morehead is a member of LRN’s Advisory Services team and has over 20 years of experience working with organizations seeking to address compliance issues and build effective compliance and ethics programs. He conducts program assessments and examines specific compliance risks, drafts compliance policies and codes of conduct, works with organizations to build and improve their compliance processes and tools, and provides live training for Boards of Directors, executives, managers, and employees.

Eric ran his consultancy for six years, advising clients on compliance program enhancements and assisting in creating effective compliance solutions.

Eric was formerly the Head of Advisory Services for NYSE Governance Services, a leading compliance training organization. In this position, he was responsible for all aspects of NYSE Governance Services’ compliance consulting arm.

Before joining NYSE, Eric was an Assistant General Counsel of the United States Sentencing Commission in Washington, DC. Eric was the policy team chair that amended the Organizational Sentencing Guidelines 2010.

Eric also spent nearly a decade as a litigation attorney in Houston, Texas, where he focused on white-collar and regulatory cases and represented clients at trial and before various agencies, including the SEC, OSHA, and CFTC.

Get a copy of the Singapore edition of LRN’s 2024 Ethics & Compliance Program Effectiveness Report.

Connect with the Compliance Podcast Network at:

LinkedIn: https://www.linkedin.com/company/compliance-podcast-network/
Facebook: https://www.facebook.com/compliancepodcastnetwork/
YouTube: https://www.youtube.com/@CompliancePodcastNetwork
Twitter: https://twitter.com/tfoxlaw
Instagram: https://www.instagram.com/voiceofcompliance/
Website: https://compliancepodcastnetwork.net/