Categories
Trekking Through Compliance

Trekking Through Compliance – Episode 11 – The Menagerie (Part One)

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.

This was the original pilot episode presented to NBC. Set in 2267, and 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 by means of 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.

Compliance Takeaways:

  1. Leaders must take care of themselves as well as their crew.
  2. What does it mean if a deal is too good to be true?
  3. Trust but verify.

 Resources
Excruciatingly Detailed Plot Summary by Eric W. Weisstein for The Menagerie (Part One)
MissionLogPodcast.com-The Menagerie (Parts 1 & 2)

Categories
Daily Compliance News

Daily Compliance News: May 20, 2023 – The More Sweeps Coming 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.

Stories we are following in today’s edition:

  • DeSantis doesn’t want Disney business; Disney obliges. (NYT)
  • Tesco CEO to resign for inappropriate behavior. (FT)
  • Montana TikTok Ban not enforceable? (WaPo)
  • More SEC sweeps are coming (Financial Advisor)
Categories
GalloCast

Gallocast – Episode 8

Welcome to the GalloCast. You have heard of the Manningcast in football. Now we have the GalloCast in compliance. The two top brothers in compliance, Nick and Gio Gallo, come together for a free-form exploration of compliance topics. It is a great insight on compliance brought to you by the co-CEOs of Ethico. Fun, witty, and insightful with a dash of the two brothers throughout. It’s like listening to the Brothers Gallo talk compliance at the Sunday dinner table. Hosted by Tom Fox, the Voice of Compliance.

In the Gallo Cast, host Tom Fox visits with brothers Nick and Gio Gallo to discuss topics from Silicon Valley Bank’s $200 billion accounting fraud to the importance of daddy-daughter dates. They debate the role of leadership and the importance of non-financial incentives for corporate compliance. Nick and Gio touch on discussions about risk and return in banking, the impact of social media, and the use of metrics for executive performance assessment. They urge people to reach out for help when struggling and encourage leaders to create a workplace that fosters connection, compassion and understanding. Listen to the GalloCast and find out how to be a better leader and a better person.

Key Highlights

·       The Impact of Low Interest Rates and Yield Chasing: Discussing the Silicon Valley Bank Collapse

·       The Impact of Silicon Valley Bank’s Composition of Depositors and Yield Chasing on the Stock Market Crash.

·       The Risks of Taking Big Swings: A Look at Silicon Valley Bank Leadership

·       The Role of a Bank’s Chief Risk Officer in Times of Crisis and the Implications of a Zero Interest Policy.

·       The return of capital and the risks to improve income for short-term gain.

·       The Role of Executive Leadership in setting Company Goals and Values.

·       Rewarding Compliance to Promote a Positive Culture

·       Corporate Transparency and Measures to Assess Compliance Team Performance

·       Measuring the Effectiveness of Compliance Teams

·       Creating Space to Talk About Mental Wellbeing in the Workplace

·       Creating an Empathetic Workplace for Stress Relief and Support

·       Creating a Comfortable and Supportive Workplace Environment

·       The Benefits of Creating Lasting Memories with Loved Ones

·       The Impact of Daddy-Daughter Activities on Emotional Bonding

Resources

Nick Gallo on LinkedIn

Gio Gallo on LinkedIn

Ethico

Tom Fox 

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Categories
12 O’Clock High-a podcast on business leadership

Jennifer May on Leadership Lessons from Pat Summitt

12 O’Clock High, a podcast on business leadership, brings together stories from history, the arts, sports and movies, research, and current events to consider leadership lessons. In this episode, Tom is joined by Jennifer May, Director of Compliance Advisory at Broadcat, to mine some leadership lessons from former Tennessee women’s basketball coach Pat Summitt.

Pat Summitt was one of the most successful coaches in college basketball history. She is best known for her impressive record of 8 NCAA championships and 1,000 wins. Even more impressive than the wins, however, was the way she coached and led her teams: with an emphasis on servanthood. While this may sound counterintuitive, it can actually lead to great success — and it’s a lesson all leaders can learn from.

In this episode of the 12 O’Clock High podcast with host Tom Fox, guest Jennifer May described how Pat Summitt approached leadership: “It was all centered around one very important concept and idea–the idea of servanthood.”  For leaders, servanthood means recognizing the power of humility and the importance of putting others first. It means building teams that are driven to succeed not through domination but through service, even when that means honoring what others have to contribute and embracing their unique strengths.

Leaders who demonstrate servanthood will create a workplace culture that encourages employees to bring out their best, be open to criticism, and find ways to work together for the collective good.

To hear more of the conversation between Tom Fox and Jennifer May about leadership lessons from Pat Summitt, tune into episode twelve of the 12 O’Clock High podcast.

Resources

Jennifer May on Linkedin

Blog post Don’t Stop the Madness 

Webinar on Ethics Ambassador

Categories
Daily Compliance News

March 20, 2023 – The Alfred E. Newman 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.

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

  • UBS to buy Credit Suisse. (FT)
  • Crisis, what crisis? (FT)
  • O’Sullivan linked to Wirecard. (FT)
  • Does mattering matter? (FT)
Categories
Sports and Compliance

The Dan Snyder Indemnity Edition

Welcome to the Sports and Compliance podcast. For the longest time, I have wanted to have a podcast on the intersection of Sports and the World of Compliance and Ethics, both for those stories as the play out on the Sports Page and for the lessons they provide to business executives and compliance professionals. In this podcast series, I am joined by one of the top compliance commentators around, Stephen Martin, CCO at Skillsoft. Together will use our love of sports and competition to discuss current ethical issues in sports, look at compliance through a sports lens and determine how the world of sports and its stories can be a guide for the compliance professional.

In today’s episode, Tom and Stephen look at the sale of the team formerly known as the “team who will not be named,” the investigation surrounding Alabama Crimson Tide basketball player Brandon Miller, and MLB’s changes to the game such as the size of the bases, clocks on pitchers and hitters and outlawing shifts; all in the hopes of speeding up the game. Tom and Stephen explore the stories from different perspectives and always keeping their compliance audience in mind. Learn more with Sports and Compliance and keep up with current sports news, with a dash of compliance laid in.

Key Highlights

·       The Mary Jo White Report and Confidence in the NFL [00:03:56]

·       The Alabama Basketball Imbroglio [00:06:53]

·       The Consequences of Poor Decision Making [00:10:33]

·       The Impact of Baseball’s Rule Changes on the Game [00:13:49]

·       The Impact of the Shift on Baseball [00:17:13]

·       Baseball Speed Up: Positive Effects on Keeping Fans Interested [00:19:56]

Notable Quotes

1.    “You don’t often see it when somebody causes their own problems and then ask to be identified for them, but we’ve seen that with CEOs before.”

2.    “It’s a classic example of a couple of things we see in compliance. Star performers. Sometimes there’s just different rules for them. Right? And that’s just how it goes.”

3.    “It’s just it’s shocking to me that Alabama has done it this way.””

4.    “You can’t just say, I’m being mistreated. We’ve had that conversation in our household the last few days about what’s fair and when rules are in place, what happens? And these are all good things to understand because they’re there are consequences whether positive or negative to rule changes and you can figure them out.”

Categories
SBR - Authors' Podcast

Jeffrey Hayzlett on The Mirror Test

Welcome to the Sunday Book Review, the Authors Podcast! On this inaugural episode, Tom welcomes special guest Jeffrey Hazlett, the founder and CEO of C-Suite, former Chief Marketing Officer at Eastman Kodak, and a prime-time host on Bloomberg. They talked about Hayzlett’s updated version of his seminal work, The Mirror Test. They discuss Hayzlett’s 3 key elements of leadership: improvisation, talent, and bottom-line results. He also discussed his new book about Murphy the spy, which is a metaphor for the subject matter. Hazlett emphasized the importance of company culture, noting that it can be detrimental if it’s not up to par. This Sunday Book Review-Authors Podcast episode is sure to leave you inspired and well-informed about leadership! Be sure to tune in!

 Key Highlights Include:

·      Leadership lessons from The Mirror Test [00:03:55]

·      Talent and Leadership for Business Success [00:06:54]

·      Positioning Your Unique Selling Proposition [00:10:01]

·      The Necessity of Representing Different Communities in Messaging [00:13:33]

·      The Impact of Company Culture on Employee Performance [00:16:46]

 Notable Quotes

1.     “What problem are we solving? And that’s really what it is.”

2.     “You have to become a personal brand because you are. A brand is nothing but a promise delivered.”

3.     “You must be out there because you take on the brand’s attributes. The brand takes on the attributes of you.”

4.     “You have to develop the culture and understand what the culture will be like and then recruit people that are similar to your culture or at least will fit in because I’ve seen people who’ve gotten fired within weeks or days because they just didn’t fit in the culture.”

 Resources

Purchase The Mirror Test Purchase

Categories
Sports and Compliance

Damar Hamlin – Lessons in Leadership and Crisis Management

Welcome to the Sports and Compliance podcast. For the longest time, I have wanted to have a podcast on the intersection of Sports and the World of Compliance and Ethics, both for those stories as they play out on the Sports Page and for the lessons they provide to business executives and compliance professionals. In this podcast series, I am joined by one of the top compliance commentators, Stephen Martin, CCO at Skillsoft. Together, we will use our love of sports and competition to discuss current ethical issues in sports, look at compliance through a sports lens, and determine how the world of sports and its stories can guide the compliance professional.

In this episode, we are joined by Lisa Fine, co-host of the Great Women in Compliance podcast, Buffalo, NY native, and uber Buffalo Bills fan. We deep dive into the Damar Hamlin injury from the compliance and leadership perspectives. Our topics include:

  • Lisa’s reflections on the annus horribillus Buffalo had in 2022 and how the Bills are, in many ways they are the city’s glue.
  • How did we all feel watching it in live time?
  • What were the NFL’s policy and procedural failures in crisis response and management?
  • The leadership demonstrated by the coaches and players in the face of being told to return to play.
  • Why verifying information before reporting it is so critical?
  • The role of ESPN.
  • The role of the stadium EMS personnel.
  • This story has united the entire country in a way not seen for some time.
Categories
Presidential Leadership Lessons for the Business Executive

Leadership Lessons from the Presidency of Zachary Taylor

In this episode, I consider what lessons might be learned from the presidency of Zachary Taylor the 12thPresident. Taylor only served 18 months, from 1849-1850. He died in office from over eating and drinking on the July 4thcelebration of 1850.

Taylor had a long career in the US Army prior to his election, during which time he successfully operated cotton plantations in Louisiana, Kentucky, and Mississippi. He was elected as a Whig, this despite refusing to commit himself to the party platform. He was the first President not to hold elective office. While Taylor is usually ranked in the bottom percentile of presidents, he is most generally described as more a forgettable president than a failed one. However, his biographer, John S. Eisenhower, argued he was the one man who could have hammered out a compromise on slavery that would have averted the civil war contemporaries. Finally, in the political realm, both Democrats and Whigs alike generally viewed his premature death as a national calamity.

What are some of the leadership lessons from the Presidency of Zachary Taylor.

1.Take a stand-One of the leadership lessons came from an inaction by Taylor. It began before he was even elected President, did not embrace the Whig political platform, or even declare himself a Whig until February of 1848 with the election only seven months away. He thought the President should stand above party politics, even to the extent of not taking a public stand and declaring himself as a Whig. Still, for leadership, the clear message is that sometimes you do have to take a stand.

2. You must be engaged-As a business leader, you must be engaged. Taylor’s military training influenced this thinking but that training and those instincts did not serve him as President.  A philosophy of trying to be above the fray just does not always work. As a CEO, a senior executive, a Board of Director, you must be engaged in your business. It does not mean you have to get into the weeds of tactical decision making but you must set the proper tone and then oversee it going forward.

3. Succession Planning-in the case of Taylor, we have that failure from a President who died in office, some 18 months into his presidency. Taylor and his Vice President, Millard Fillmore, did not even meet in person until only a week or two before the inauguration, so there was no time to build any sort of personal relationship. This lack of engagement with Fillmore, if not to consult, at least air out his thoughts and let him know which way he was thinking about issues, was a critical failure.

4. Conflicts of Interest-As a leader, you must be attuned to and stop conflicts of interest by your senior management. There was never any allegation that Taylor was personally corrupt. However, during the later days of his administration there was the Galphin affair. Before joining the Taylor cabinet, the Secretary of War, George W. Crawford, had served as a lawyer and had been involved in a 15-year lawsuit. During Taylor’s term and to his great embarrassment, he was paid nearly $100,000 to the President’s Secretary of War for his fee as counsel. The terms of the settlement meant that two Cabinet members had effectively offered a huge amount from the US treasury to a third member of the Cabinet. This was a huge scandal at the time.

A word on Taylor’s death. It seems that during the 1850 4th of July celebrations, Taylor consumed a large number of cherries, ice cream and milk. He subsequently came down with a severe stomach ache, which turned into something called cholera morbus. There is still a considerable debate over whether the doctors actually killed him with their treatment or whether he died from the intestinal ailment. Oddly enough, many of his cabinet members came down with very similar symptoms, so it seems most likely it was due to the sanitation in Washington DC at the time.

Categories
The Hill Country Podcast

Kenneth O’Neal and the Second Annual Ziglar Explosion

Welcome to award-winning The Hill Country Podcast. The Texas Hill Country is one of the most beautiful places on earth. In this podcast, Hill Country resident Tom Fox visits with the people and organizations that make this the most unique areas of Texas. Join Tom as he explores the people, places and their activities of the Texas Hill Country. In this episode, I welcome back Kenneth O’Neal, President/CEO of KRONEAL Coaching and Training, headquartered in Kerrville, Texas. He is a Zig Ziglar Legacy Certified Coach and Trainer; Public Speaker; Mentor; Mediator; Business Executive and Personal Coach. Kenneth has worked for Deliotte/Touche as a CPA in Atlanta, Georgia and Houston, Texas. He founded the accounting firm of O’Neal and White, CPAs in Houston and has more than 25 years of public accounting experience.

We discuss the 2nd Annual Ziglar Explosion, scheduled for January 6 & 7 which will be hosted by O’Neal and put on in Kerrville TX. Attending again this year will be Tom Ziglar, proud son of Zig Ziglar and a host of other Ziglar Certified Coaches who will share the philosophy of Zig Ziglar and on his Legacy of hope and encouragement making a positive difference in lives of millions around the world. Podcast host Tom Fox will be speaking about Podcasting for Business.

 Resources

For more information on the 2nd Annual Ziglar Explosion, click here.