Ethics and compliance professionals believe in their mission – if they did not, they would not be in the field. E&C professionals believe in the power of positive thinking, ethical conduct, and the overall ability of an organization to operate as an “ethical” company. They work for their mission, and it is a positive mission. The New Year is a great time for E&C professionals to take stock of their compliance programs and plot out a path forward. Luckily for most compliance professionals, there are many opportunities to advance their objectives. E&C is poised for another big jump on the corporate governance ladder, and this is a big year for E&C professionals to push their respective companies to support such efforts. There are three significant trends that will continue to play out this year that create opportunities. These three trends, which I will discuss in greater detail, are:
(1) the continued emphasis on the importance of corporate culture;
(2) the importance of ESG and, in particular, the “G” element;
(3) the current Administration’s aggressive enforcement and regulatory initiatives.
In this episode, Michael Volkov reviews these important ethics and compliance trends.
Tag: ethics
12 O’Clock High, a podcast on business leadership brings together stories from history, the arts and movies, research and current events to consider leadership lessons. Each year during Oscar season we look at four Best Picture-winning movies and draw leadership lessons from them. It is also a way to watch some great movies and garner some leadership lessons. In this episode, we consider the movie Gladiator. Highlights include:
- Movie Storyline
- Favorites Scenes
- Life Lessons
• Marcus Aurelius’ and Stoicism
• The only constant is change.
• Life isn’t always fair but that is not what matters.
- Business Leadership Lessons
• Lead from the front and walk the walk.
• Inspire great teamwork. Create an atmosphere for success of others.
• There is no losing, only winning and learning.
• Train hard and practice.
- Maximus’ Relationships
• Jubo
• Proximo
Resources
8 Virtues of Gladiator Leadership
5 Powerful Life Lessons from Gladiator
Six Leadership Lessons from Gladiator
Down to Business: Seven leadership lessons from Maximus
Today’s episode was inspired by the Notre Dame Deloitte Center for Ethical Leadership and its Faculty Fellows who recently put together their annual list of Best Books for Ethical Leaders. In it, they share books published during the 2021 “that bridge the worlds of business and academia and provide practical insights that can help leaders live and work more ethically.” In this second of two episodes of the Sunday Book Review, I conclude my exploration of their list.
· There is Nothing for you Here: Finding Opportunity in the Twenty-First Century by Fiona Hill, selected by Jessica McManus Warnell.
· Chatter: The Voice in Our Head, Why It Matters, and How to Harness It by Ethan Kross, selected by Christopher Adkins.
· Think Again: The Power of Knowing What You Don’t Know by Adam Grant, selected by John Sikorski.
· Our Team: The Epic Story of Four Men and the World Series That Changed Baseball by Luke Epplin, selected by Brian Levey.
· Wanting: The Power of Mimetic Desire in Everyday Life by Luke Burgis, selected by Brett Beasley.
Today’s episode was inspired by the Notre Dame Deloitte Center for Ethical Leadership and its Faculty Fellows who recently put together their annual list of Best Books for Ethical Leaders. In it, they we share ten books published during the 2021 “that bridge the worlds of business and academia and provide practical insights that can help leaders live and work more ethically.” Over the next two episodes of the Sunday Book Review, I will be exploring their list.
· You Have More Influence Than You Think by Vanessa Bohns, selected by Brett Beasley.
· Under a White Sky: The Nature of the Future by Elizabeth Kolbert, selected by Jessica McManus Warnell.
· Seven Deadly Economic Sins: Obstacles to Prosperity and Happiness Every Citizen Should Know by James Otteson, selected by Brett Beasley.
· A Catechism for Business: Tough Ethical Questions and Insights from Catholic Teaching (3rd edition) selected by John Sikorski.
As Aaron Rogers is fined less than a player who had his shirttail untucked, he and Jay are back to reflect on some of the top compliance and ethics stories in the Immunized Not Vaccinated edition.
Stories
1. Will corruption forestall climate change? Monica Guy in the FCPA Blog.
2. Driving culture through sustainability. Linda Luty in Risk and Compliance Matters.
3. Stope little problems from becoming big ones. Mike Volkov in Corruption Crime and Compliance.
4. More on ‘effective compliance’? Michael Julian in the FCPA Blog.
5. What is ‘success’ in ABC compliance? Matthew Stephenson in GAB.
6. Revisiting your whistleblower program. Debevoise Plimpton lawyers in Compliance and Enforcement.
7. The role of BOD in ESG. Jurgita Ashley and Randy Vai Morrison in Harvard Law Forum on Corporate Governance.
8. Disclosing cybersecurity issues. Matt Kelly in Radical Compliance.
9. Mashreqbank fined $100MM by DFS. Jaclyn Jaeger in Compliance Week. (sub req’d)
10. Tailoring a Design Thinking program that fits for you. Carsten Tams on LinkedIn.
Podcasts and Events
11. How can a 1st responder deal with PTSD? One way is through poetry. Check out my interview with Detective Ed Gillespie, Policeman Poet of Baltimore in a very special episode of Greetings and Felicitations.
12. Are you exasperated? Then check, F*ing Argentina. In this podcast series co-hosts Tom Fox and Gregg Greenberg, author of F*ing Argentina explore the current American psyche of being overworked, over leveraged, overtired and overwhelmed. Find out about modern America’s exasperation with well…exasperation. In Episode 9, a lost purse and panic in Shubert Alley.
13. This month on The Compliance Life, I visit with Wendy Badger, CCO at Tennant. In Part 1, she details her academic career and early professional life. In Part 2, changing ladders to advance your career.
14. In a sponsored podcast series, I visit with 6clicks on their innovative GRC solutions. In Episode 1, Joe Schorr on the hub and spoke approach. In Episode 2, Andrew Robinson on AI and ML in GRC. In Episode 3, Stephen Walter on building a content library. In Episode 4, Heather Buker on producing audit ready reports. In Episode 5, Ant Stevens on what’s next for 6clicks.
15. Next week, I am running a 5-part series on Understanding Lyme Disease. The episodes will post daily at 10AM. You can check out all episodes on the Greetings and Felicitations podcast. Episode 1: Origins and Evolution; Episode 2: The Diagnosis Dilemma; Episode 3: Treatment and Innovation; Episode 4: Protection and Immunity; Episode 5: Looking Ahead
16. How does a Compliance Bible become a best-seller? Check out Tom’s appearance on the C-Suite Network’s Best Seller TV to find out. Purchase The Compliance Handbook, 2nd edition here.
Tom Fox is the Voice of Compliance and can be reached at tfox@tfoxlaw.com. Jay Rosen is Mr. Monitor and can be reached at jrosen@affiliatedmonitors.com.
In today’s edition of Daily Compliance News:
- How do you solve a problem like Elon? (WSJ)
- HBO and the Discovery Channel. What could go wrong? (NYT)
- Illinois passes ethics bill. (Illinois Policy)
- Ohio gubernatorial candidate proposes corruption reform for Ohio. (Dayton Daily News)
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 and Tom go into the weeds to look at the actions of Denver Mayor, Michael Hancock. Just before Thanksgiving he told folks to stay at home to avoid Covid-19 transmission and then promptly traveled to Mississippi for the Thanksgiving holidays. Some of the issues we consider are:
- Is there always an inherent conflict in a human leader?
- How do leaders rationalize misconduct?
- What are the dangers when they do so?
- Do as I say, not as I do. Are we all simply our parents?
- What is the role of compliance?
- How do Hancock’s actions fit into the Fraud Pentagon?
Resources
For more information see Matt’s blog post:
More Misadventures in Leadership
For more information on the Fraud Triangle see Jonathan Marks’ blog post:
Fraud Pentagon
As the first phase of the pandemic response ends, countries around the world enter a period of phased re-opening. How can compliance teams uncover the risks that went unnoticed during the first phase, and what new risks do they face now? And what the heck is a “culture of override?” Join Tom and Philip on this episode of The Ethics Movement as they talk risk assessments, remote work, and all things risk.
On this special bonus episode of The Ethics Experts, we speak with Chris Winton about perspective, the glass ceiling, and your career as a moving target, not a fixed one.
Check out more episodes, and don’t forget to subscribe on your favorite podcast platform!
Categories
Episode 012–Deb Muller
On this episode of The Ethics Experts, we speak with Deb Muller about how to recruit and maintain good talent, why HR is the most “human” of departments, and how to be a successful CEO of many individuals.
Check out more episodes, and don’t forget to subscribe on your favorite podcast platform!
