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Principled Podcast

Principled Podcast: S11E4 | Assessing Program Effectiveness Through Germany’s Risk Perspective

As new risks increase in severity and frequency worldwide, E&C programs are focused on their risk mitigation efforts. This is a key theme of LRN’s brand-new 2024 Ethics & Compliance Program Effectiveness Report, which features global data and insights from more than 1,400 E&C professionals. According to our research, values-based programs are the most effective and correlate strongly with reduced risk and better business outcomes.

So, how are E&C programs in regions like Germany evolving in response to this increasingly complex risk landscape? And what do these global best practices look like for programs in that region on a day-to-day basis?

In this episode of the Principled Podcast, host France Ibekwe discusses key findings from the German edition of the 2024 Ethics & Compliance Program Effectiveness Report with Gernot Tölle, the head of legal & compliance at VITA34 AG.

Guest: Gernot Tölle

Gernot Tolle - Principled Podcast - Season 11 Episode 4

Gernot Tölle is an accomplished legal and compliance professional, currently serving as the Head of Legal & Compliance at VITA 34 AG. With extensive experience spanning various industries, he oversees all legal, regulatory, and compliance matters, reporting directly to the CFO. Gernot has held key positions at Fyber N.V., ALSTOM, and Bombardier Transportation, where he demonstrated expertise in contract law, compliance management, and corporate governance. With a proven track record of excellence in legal and compliance management, Gernot Tölle brings a wealth of knowledge and leadership to every role he undertakes

Host: Frances Ibekwe

Frances Ibekwe - Grayscale

Frances Ibekwe is a barrister and Senior Ethics & Compliance Advisor at LRN. She is a subject-matter expert in advising, managing, monitoring, and training on ethics, compliance, risk, and legal matters. Frances helps companies implement effective ethics and compliance programs through our advisory services, which include evaluating programs, reinventing/simplifying codes of conduct, and training/communication strategies. Before joining LRN, Frances was a litigator in government practice for the Serious Fraud Office and an in-house compliance lawyer for companies including Cushman & Wakefield, Christie’s, and TikTok. Frances received her law degree from King’s College London with an Erasmus year spent at KU Leuven, Belgium, her Master’s degree in international law from University College London, and the Bar Vocational Course from City, University of London. She also has an Award in Management and Leadership from the Chartered Management Institute. Her hobbies include sports, dance, and languages.

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

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Categories
Wirecard

Monkeys in Suits

Welcome to Season 3 of Lies, Spies & Corporate Crimes: The Wirecard Saga. The Wirecard Saga, has become of the world’s leading sources on all things Wirecard. In Lies, Spies & Corporate Crimes: The Wirecard Saga; Mikhail Reider-Gordon, Managing Director of Institutional Ethics & Integrity at Affiliated Monitors looks at the biggest financial scandal in post-war Germany from a variety of angles.  In this episode, Mikhail brings us all up to date on the status of the court cases.

Some of the highlights include:

  • An entire Criminal Chamber for Wirecard
  • Does Braun have the sitzfleisch?
  • Bellenhaus’s selective memory
  • Just who exactly was falsifying the documents?
  • Bellenhaus beats back his better angels
  • A 500% raise demand
  • EY had two brushes with the fraud
  • Auditors give up public accounting licenses and
  • Apas closes its investigation
  • Court rejects motions to stay
  • Rejection may offer ultimate grounds for appeal
Categories
Daily Compliance News

January 10, 2023 – The James Bond Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee and listen to the Daily Compliance News. All from the Compliance Podcast Network. Each day we consider four stories from the business world, compliance, ethics, risk management, leadership, or general interest for the compliance professional.

  • Why did Phoenix police detain a WSJ reporter? (NYT)
  • A former head of Eskom was poisoned with Cyanide. (BusinessInsider)
  • Former McDonald’s CEO settles with SEC for lying. (WSJ)
  • Germany is looking into corruption by Finance Minister. (FT)
Categories
Daily Compliance News

December 7, 2022 – The Chief Critical Officer Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you four compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee and listen to the Daily Compliance News. All from the Compliance Podcast Network.

Stories we are following in today’s edition of Daily Compliance News:

  • Is the German business model broken? (FT)
  • GOP drooling as Indonesia bans sex outside of marriage. (Reuters)
  • Global auto supply chain in Xingjian? (NYT)
  • Do you need a Chief Critical Officer? (Bloomberg)