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Business Integrity Innovations

Business Integrity Innovations: Championing Integrity – Samia Tnani on Driving SME Growth Through Ethical Governance

The Compliance Podcast Network (CPN) and the Center for International Private Enterprise (CIPE) are bringing you Business Integrity Innovations. 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.

In this episode, Tom Fox and Michele Crymes visit with Samia Tnani. Samia is a distinguished finance professional specializing in banking and impact investing, currently at the helm of impact and sustainability initiatives for AfricInvest Private Credit. She is deeply committed to integrating ethical business practices within SMEs in Sub-Saharan Africa, employing a comprehensive theory of change to ensure these principles are upheld across all investment stages. Samia believes that educating companies about the detrimental costs of unethical practices is paramount in encouraging them to adopt ethical standards, emphasizing that a culture of integrity and mutual trust is essential for business sustainability and growth. Through her leadership, AfricInvest Private Credit has secured over $2 billion in funds, showcasing the importance of ESG factors and high ethical standards to investors worldwide.

Key highlights: 

  • Driving SME Growth Through Ethical Governance
  • Ethics First: Promoting Integrity in Business Relations
  • Benefits of Ethical Business Practices
  • Fostering Ethical Standards for Sustainable Business

Resources:

Samia Tnani on Linkedin

AfricInvest Private Credit 

CIPE

CIPE

Ethics 1st

Categories
Business Integrity Innovations

Business Integrity Innovations: Innovating Against the Odds – Dr. Amy Jadesimi on Ethical Business Practices in Nigeria

The Compliance Podcast Network (CPN) and the Center for International Private Enterprise (CIPE) bring you Business Integrity Innovations. 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 standardize their business practices, develop sound corporate governance systems, and demonstrate their commitment to compliance and business ethics using Ethics 1st.

In this episode of the Ethics 1st podcast, hosts Tom Fox and Lola Adekanye welcome Dr. Amy Jadesimi, a committee member of the Ethics First Advisory and a trailblazer in Nigerian industrial development. Dr. Jadesimi shares her incredible journey from being a medical graduate at Oxford and a banker at Goldman Sachs to earning her MBA at Stanford and leading LADOL in Nigeria. LADOL transformed from a single warehouse into a sprawling industrial hub during her leadership, slashing deep offshore logistics support costs and partnering with major companies like Samsung to create significant job opportunities and foster local industry growth.

Dr. Jadesimi discusses key aspects of her work, highlighting how compliance, sustainability, and ethical business practices drive innovation and competitiveness in challenging environments. She explains the importance of maintaining compliance to build trust, secure investment, and enable sustainable growth, emphasizing the positive impact on local communities and economies. Dr. Jadesimi’s insights provide valuable lessons for businesses striving to navigate regulatory challenges and make ethical decisions that lead to long-term success.

Key Highlights:

  • Building LADOL: Challenges and Successes
  • Navigating Regulatory Challenges
  • The Importance of Compliance
  • Sustainability and Business Efficiency
  • Future of Business in Nigeria

Resources:

CIPE

Dr. Amy Jadesimi on LinkedIn

LADOL

Categories
Blog

The Nets and a Failure of Corporate Culture

What is corporate culture? What are ethical values? What is integrity at your organization? All of these questions are critical to the success of any business. Unfortunately, we usually see the answers to these questions play out in the negative. This week the Brooklyn Nets hit the trifecta of negative answers to all the above.

It all started out with a tweet from that noted freethinker (i.e., flatworlder & anti-vaxxer) Kyrie Irving who, according to Rolling Stone magazine, took to Twitter to boost a movie and book, Hebrews to Negroes, stuffed with antisemitic tropes. The movie espouses ideas in line with more extreme factions of the Black Hebrew Israelites, which have a long history of misogyny, homophobia, xenophobia, Islamophobia, and especially antisemitism. If that was not bad enough, when asked to explain himself in a post-game press conference, Irving was shocked, shocked that anyone would question him, saying according to ESPN, he “does not believe he did anything wrong in promoting an antisemitic film and book on his social media accounts.”

The condemnation was swift from the Nets and other National Basketball Association (NBA) players. According to Rolling Stone, as an organization, “The Brooklyn Nets strongly condemn and have no tolerance for the promotion of any form of hate speech. We believe that in these situations, our first action must be open, honest dialogue. We thank those, including the ADL, who have been supportive during this time.” The Nets owner Joe Tsai also issued a statement Friday night on Twitter expressing, “I’m disappointed that Kyrie appears to support a film based on a book full of anti-Semitic disinformation. I want to sit down and make sure he understands this is hurtful to all of us, and as a man of faith, it is wrong to promote hate based on race, ethnicity or religion.” He added, “This is bigger than basketball.”

Nets (then-more on that below) coach Steve Nash said in Basketball News, “”I just hope that we all go through this together,” Nash said before the Nets game against the Indiana Pacers. “There’s always an opportunity for us to grow and understand new perspectives. “I think the organization is trying to take that stance where we can communicate through this. And try to all come out in a better position and both more understanding and more empathy for every side of this debate and situation,” Nash added.”

According to SI.com, “the Inside the NBA crew of Ernie Johnson, Charles Barkley, Kenny Smith and Shaquille O’Neal had strong opinions on the” tweet and events.  “Barkley and O’Neal didn’t pull any punches in ripping Irving, with both hosts referring to him as “an idiot.” Barkley expressed his disappointment that the NBA didn’t suspend Irving, while Shaq called out Irving.”

What does a company do when one of its top producers lays out an antisemitic tweet? Why of course it fires the coach. Of course, the Nets said was it was based on the team’s abysmal start. GM Sean Marks said, “a change is necessary at this time. ESPN noted “it’s exceptionally rare for an NBA coach to be let go on a game day, much less roughly 12 hours after a win (the Nets beat the Indiana Pacers 116-109 on Monday night). Marks explained the business decision had been in the works for days. If the timeline he refers to here is accurate, these conversations would have actually started only a few days into the 2022-23 regular season.” Although Marks said the players had no input into the decision to fire Nash, nothing gets done on the Nets without the input of its star player Kevin Durant. In other words, Irving puts out an antisemitic tweet and the coach is fired. All of that sounds like NCAA enforcement back in the day where when Ohio State was caught violating the recruiting rules, Western Kentucky got put on probation.

But it even gets worse from a culture, reputational and integrity perspective next. Apparently, the Nets are aiming to hire the suspended Boston Celtics head coach Ido Udoka. Udoka was suspended before the season started, according to The Athletic for “having an intimate relationship with a female member of the Celtics organization. The Celtics front office determined Udoka’s actions were unacceptable, and he was unfit to coach the team he had just led to the NBA Finals. They suspended the second-year coach for the entirety of the 2022-23 season.”

The Athletic (and even WOJ) reported that Udoka is on the verge of being awarded the same job in a different organization, not even two months into his suspension. The article went on to ask, “And what about the Nets? Did they even think about the women who work in their organization and how they would be affected by such a hire? Hiring Udoka is a slap in the face to all of those women and women everywhere.”

What is the culture of the Nets? I went to the Nets website to review their Code of Conduct but it is entitled, NBA Fan Code of Conduct. No policy on harassment, discrimination or anything else. Even the Houston Astros had a policy against abuse towards women when they decided it only applied to Astros players and not players from other teams when they traded for Roberto Osuna.

Where is the NBA in all of this? Nowhere to be seen apparently. Once again, I went to the NBA website and no public facing Code of Conduct for itself or its teams.

What does all of this say about the culture, ethics and integrity of the Net? I will leave you to conjugate on that question. What would you do when a top producer violates an accepted norm by supporting a clearly antisemitic movie? Do you think he can claim that there was nothing in the Code of Conduct about it as the Nets apparently have no Code of Conduct? What does it say about its romancing of a new head coach who is currently under suspension for having an inappropriate relationship with a female team employee that the Celtics considered a violation of the team’s organizational guidelines. What will it mean for female employees? Will or even can they ever trust him?

And everyone thought the culture of the Washington Football Team was the worst in sports.

Categories
Great Women in Compliance

Sarah Powell – Remember the Why

Welcome to the Great Women in Compliance Podcast, co-hosted by Lisa Fine and Mary Shirley.

Today’s guest is Sarah Powell. Sarah is the kind of person who makes everyone around her stronger. Her work in ethics and Compliance is directly related to her commitment to social justice and making a positive impact through anti-bribery and anti-corruption work. Lisa can vouch for that as she works with Sarah as Global Compliance Counsel, Director, Third-Party ABC Compliance at Pearson.

Sarah returned to her home in South Africa from London at the beginning of the pandemic and had her daughter. She discussed how both of these events had impacted her. In particular, she talks about some of her experiences during quarantine, how they showed the resilience in South Africa and how the pandemic could also breed corruption.

She also shares her views on what those of us outside South Africa can learn from their experiences, particularly how they talk about the past and issues. This episode is a great reminder of why we do this work and how we can directly influence society as a whole.

Are you planning on heading to the SCCE CEI in Phoenix in October? Check out Lisa and Mary’s speaking sessions on the agenda and sign up! We invite you to say hello and introduce yourself during the conference it’s going to be a great time.

The Great Women in Compliance Podcast is on the Compliance Podcast Network with a selection of other Compliance-related offerings to listen to. If you enjoy this episode, please rate it on your preferred podcast player to help other like-minded Ethics and Compliance professionals find it. You can also find the GWIC podcast on Corporate Compliance Insights, where Lisa and Mary have a landing page with additional information about them and the podcast’s story. Corporate Compliance Insights is a much-appreciated sponsor and supporter of GWIC, including affiliate organization CCI Press publishing the related book” “Sending the Elevator Back Down, What We’ve Learned from Great Women in Compliance” (CCI Press, 2020).

You can subscribe to the Great Women in Compliance podcast on any podcast player by searching for it, and we welcome new subscribers to our podcast.

Join the Great Women in Compliance community on LinkedIn here.

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Great Women in Compliance

Hemma Ramrattan Lomax – The Art of Compliance

Welcome to the Great Women in Compliance Podcast, co-hosted by Lisa Fine and Mary Shirley.

One of the interesting things about ethics & compliance as a field is that we look at ethical decision-making and policies and working to be innovative and approachable.  In today’s episode Lisa speaks with Hemma Ramrattan Lomax,  Senior Corporate Counsel, Integrity and Compliance at Snap, Inc.   As you may have heard last week with Nicole Diaz, Snap is doing exactly with their Code of Conduct and how they center so many things around their core value of kindness.   Hemma elaborates on this and the career she has built through the art of integrity.

When she was younger, Hemma’s goal was to be the first female Secretary General of the UN (which still has not happened), and Hemma talks about how this brought her into law as she grew up in the UK, to deciding to come to the US to work for the SEC, and eventually to Snap.  She mentions how her work now relates to her earlier goals, and that radical curiosity is what keeps her career and interests evolving.

To Hemma, the “art of integrity” has guided her career interests, and how we can all do that to make impactful changes, whether it is in our communities, in DEI, or in other ways.

The Great Women in Compliance Podcast is on the Compliance Podcast Network with a selection of other Compliance related offerings to listen in to. If you are enjoying this episode, please rate it on your preferred podcast player to help other likeminded Ethics and Compliance professionals find it. You can also find the GWIC podcast on Corporate Compliance Insights where Lisa and Mary have a landing page with additional information about them and the story of the podcast. Corporate Compliance Insights is a much appreciated sponsor and supporter of GWIC, including affiliate organization CCI Press publishing the related book; “Sending the Elevator Back Down, What We’ve Learned from Great Women in Compliance” (CCI Press, 2020).

You can subscribe to the Great Women in Compliance podcast on any podcast player by searching for it and we welcome new subscribers to our podcast.

Join the Great Women in Compliance community on LinkedIn here.

Categories
The Ethics and Compliance Library

Intentional Integrity with Rob Chesnut


In this first episode for 2022 of The Ethics and Compliance Library, host Lauren Siegel explores “Intentional Integrity: How Smart Companies Can Lead an Ethical Revolution” by Rob Chesnut. The book is about Rob’s professional career and his work in compliance, ethics, and integrity at AirBnB. This book lays out developed a popular interactive employee program, Integrity Belongs Here, to help drive ethics throughout the culture at the company. Siegel gives an overview and analysis of the book, interviews Rob, and then interviews Darryl Cyphers Jr., the Director of Legal Compliance at Klaviyo. Her interview with Cyphers brings the book to life for E&C leaders and challenges us all to think differently. As always, continue the conversation in the Converge community.
Lauren Siegel on LinkedIn
The Convercent by One Trust, Converge Community