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Daily Compliance News

Daily Compliance News: October 30, 2024 – The Power of Podcasting 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.

In today’s edition of Daily Compliance News:

  • How a BBC podcast led to the arrest of Mike Jeffries. (BBC)
  • PwC profits fall after APAC corruption scandals. (FT)
  • Texas block of new transmission lines is unconstitutional. (Reuters)
  • Are Boeing shareholders complicit in the company’s failures?  (Bloomberg)

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Fox on Podcasting

Fox on Podcasting: Enhancing Your Podcast with Megatrax: Ileana Landon’s Expert Insights

Join Tom Fox as he explores the world of podcasting, and get ready to be inspired to start your own podcast. In this episode, Tom sits down with Ileana Landon from Megatrax to discuss the transformative power of licensed production music for podcasts and other media.

Ileana, the Director of TV, Radio, and Podcasting for North America at Megatrax, shares her journey and delves into the critical legal aspects of using licensed music to avoid copyright issues. She emphasizes the importance of music in creating emotional resonance and narrative depth within audio productions. The discussion highlights how Megatrax offers a wide range of professionally produced tracks across various genres, as well as bespoke compositions, to elevate the quality of any podcast or corporate communication. Ileana also talks about the role of AI in music creation, while expressing a preference for the irreplaceable touch of human musicianship.

Key Highlights:

  • Legal Aspects of Using Music in Podcasts
  • The Value of Music in Podcasts
  • Choosing the Right Music for Your Podcast
  • Custom and Bespoke Music Services
  • Future of Music in Podcasts and Conclusion

Resources:

Megatrax

Connect with Ileana on Linkedin

Tom

Instagram

Facebook

YouTube

Twitter

LinkedIn

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Fox on Podcasting

Fox on Podcasting: Marilyn Jenkins on The Power of Audio in Legal Thought Leadership

Tom and Marilyn discuss the unique advantages of using audio formats to establish thought leadership in the legal field. We explore why audio can be a more potent tool than written or video content in building trust and connection with the audience. We also touch on strategies for lawyers to effectively market their expertise and solve clients’ problems, whether they are solo practitioners or part of large international firms.

Key Highlights:

  • Introduction to Thought Leadership
  • The Power of Audio Format
  • Building Trust Through Voice
  • Marketing Legal Skills
  • Applicability Across Legal Practices

Resources:

Marilyn Jenkins on LinkedIn

Law Marketing Zone

The Google Business Profile Training Guide

The Leadership in Law Podcast

Tom

Instagram

Facebook

YouTube

Twitter

LinkedIn

For more information on the Ethico Toolkit for Middle Managers, available at no charge, by click here.

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Compliance Tip of the Day

Compliance Tip of the Day: Podcasting for Compliance Training

Welcome to “Compliance Tip of the Day,” the podcast where we bring you daily insights and practical advice on navigating the ever-evolving landscape of compliance and regulatory requirements.

Whether you’re a seasoned compliance professional or just starting your journey, our aim is to provide you with bite-sized, actionable tips to help you stay on top of your compliance game.

Join us as we explore the latest industry trends, share best practices, and demystify complex compliance issues to keep your organization on the right side of the law.

Tune in daily for your dose of compliance wisdom, and let’s make compliance a little less daunting, one tip at a time.

In this episode, we explore how you can use the audio podcast format to facilitate your compliance training regime.

For more information on the Ethico Toolkit for Middle Managers, available at no charge, click here.

Check out the full 3-book series, The Compliance Kids on Amazon.com.

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Fox on Podcasting

Fox on Podcasting: Kimberly Spencer on Podcasters as Historians

Join Tom Fox as he explores the world of podcasting and get ready to be inspired to start your own podcast.

In this episode, Tom visits with Kimberly Spencer, one of the most forward-thinking podcasters I have ever met.

Kimberly Spencer is a versatile professional with a varied background that ranges from Hollywood screenwriting to Pilates studio ownership. Her current focus is Communication Queens, a guest podcasting agency she founded, and she uses this platform to utilize storytelling through podcasting to rewrite narratives and create lead generation opportunities.

Spencer’s perspective on podcasting is shaped by her varied experiences, viewing it as an instrument for personal growth and healing. She believes that sharing personal stories through podcasting can help individuals achieve greater self-awareness and liberate them from restrictive narratives.

From her industry vantage point, Spencer sees podcasting on an exponential growth trajectory, anticipating increases in bilingual podcasts, politicians using the medium to build their platforms, and an overall rise in content and audio quality to meet the demands of a new listener generation. Her experiences and insights underline her belief in the immense potential of podcasting for both personal and professional development.

Key Highlights:

  • Embodying Ownership and Sovereignty in Leadership
  • Transition Coaching for Visionary Entrepreneurs
  • Preserving Society’s Essence Through Long-Form Podcasts
  • Strategic Leadership Communication Through Podcasting
  • Utilizing Podcast Guesting for Brand Expansion
  • The Power of Podcasting in Branding

Resources:

Kimberly Spencer on LinkedIn

Crown Yourself

Communications Queen

Crown Yourself podcast

Tom

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Facebook

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LinkedIn

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Fox on Podcasting

Fox on Podcasting: Gordon Firemark on iTunes Changes and AI in Podcasting

Sometimes, you just have to go meta. After having recorded, produced, hosted, and guested on over 5,000 podcasts, Tom Fox decided it was time for a podcast about what else—podcasting.

In this podcast series, Tom will visit podcast hosts to learn about their love of podcasting, what they have achieved through podcasting, and why you need to consider starting your podcast. Fun, witty, and chatty, with a dash of joie de vivre, this series will be entertaining and educational.

Join Tom Fox as he explores the world of podcasting, and get ready to be inspired to start your podcast.

In this episode, Tom visits Gordon Firemark, the podcast lawyer, to discuss the changes in iTunes measurements and the use of AI in compliance.

Gordon Firemark is a highly skilled entertainment lawyer with expertise in the podcasting, filmmaking, theater, and television industries. He sees artificial intelligence (AI) as a valuable tool in content creation, specifically in streamlining processes and generating ideas for podcast episodes.

However, he does not advocate for relying solely on AI, emphasizing the need for human creativity and oversight. Firemark also acknowledges the legal complexities of AI-generated content, such as copyright protection and infringement issues.

His extensive legal background has shaped his viewpoint because he is aware of AI’s potential and consequences, particularly in tasks like legal research or content creation, where he thinks AI should complement rather than replace human capabilities.

Key Highlights:

  • AI Chat GPT for Podcast Content Creation
  • AI Regulations: California’s Proactive Stance and Challenges
  • iTunes Changes
  • Enhancing Accessibility Through Captions
  • Empowering Creatives with Legal Knowledge Courses

Resources:

Gordon Firemark on LinkedIn

Law Offices of Gordon Firemark

Entertainment Law Update

Tom

Instagram

Facebook

YouTube

Twitter

LinkedIn

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Charged Up Studio Podcast

From Mic to Money! Podcasting for Profit

Welcome to Charged Up Studio’s latest podcast episode, where we explore innovation and elevation in product development. This month, we continue focusing on taking the Digital Leap: Navigating the Future of Business Transformation.

Tom Fox, CEO and host of the Compliance Podcast Network joined Danna Olivo, host of the Charged Up Studio Podcast, for this episode. Tom Fox is a trailblazer in the podcasting realm, particularly in the niche of compliance and ethics. Through his innovative approach, he has provided a platform for thought leaders to share their expertise and paved the way for monetization within the podcasting landscape.

Stay tuned in to find out some of the lessons learned and tips Tom has to offer on launching and growing a podcast network. Here’s what you can expect to learn:

  • The Power of Podcasting | Why has it emerged as one of the most powerful mediums for communication and engagement in the digital age?
  • Navigating the Compliance Podcast Network | The inception and evolution of this pioneering platform that caters to professionals in compliance, ethics, and corporate governance.
  • Monetizing Your Podcast | Learn the strategies and tactics for monetizing your podcast effectively.
  • Building a Sustainable Podcasting Business | What are the essential ingredients for a sustainable podcasting business model?
  • Future Trends and Opportunities | Gain foresight into the future trends and emerging opportunities within the podcasting industry.

Whether you are a seasoned podcaster looking to enhance your monetization strategies or a newcomer eager to unlock the full potential of podcasting for profit, this episode is a must-listen. Join us as we embark on a journey of discovery and empowerment in podcasting with Tom Fox at Charged Up Studio.

For inquiries or to connect with Tom, reach out through the links below.

linkedin.com/in/thomasfox13
compliancepodcastnetwork.net 
tfox@tfoxlaw.com
832-744-0264

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Blog

Podcasting for Compliance Training and Corporate Culture

If there is one truism from the practice of law that translates to the practice of compliance, it is that you are only limited by your own imagination. This holds true in the 360-degree realm of communication in compliance, as communications obviously comes in many forms. Many compliance practitioners will well remember the 2012 Morgan Stanley declination. In this first declination made public, the Department of Justice recognized Morgan Stanley for emailing out 35 compliance reminders to Garth Peterson over seven years. Think about the power of 360-degrees of communications in the context of compliance reminders. Now imagine the power of short ethics and compliance video training clips going out over the same period of time and the effect it would have both on your employees and the regulators.

Podcast Storytelling

Why not tell the story of compliance through a podcast? I call it podcast storytelling and it can be a powerful tool. Each podcast series is 5-part series and constitutes one story arc. The podcasts are about 10–15 minutes in length. The podcast storytelling series can be a variety of interviews led by a noted podcast host such as the Voice of Compliance, yourself as the CCO, or by anyone from your organization. It can be an interview with one or more people, or it can be a solo podcast.

While there would be a fully integrated story line, each podcast and accompanying text is stand-alone compliance training and communications that could be used by anyone at your organization. The podcasts could be pushed out internally as well as via your organization’s social media channels. There is a full panoply of podcast sites available, such as iTunes, Spotify, IHeartRadio, Google Pods, and Amazon. From each podcast, you can create multiple short audio clips or other forms of social media sharing materials with key quotes and lessons learned that can be created as podcast cover art.

A series such as this allows your organization not only to tell a story more effectively but also to reach a much larger audience than in any other format—live, audio-video or in-person. Yet there is another reason why you should consider this type of approach for compliance training and communications. It will provide you with the equivalent of market research and feedback. The numbers of listeners and downloads will give you a reliable source of data that you can use in other communications and trainings.

Compliance Department Branded Podcasts

Want another option? How about a fully-produced, branded podcast series for your internal compliance function. It could be two 25–30-minute episodes per month, with the guest selected by your compliance team. This format allows your corporate compliance function to tell the story of its greatest asset, its people, through interviews. Cannot get out of the country to travel? Still working remotely? Your branded podcasts give you a way to reach your employees as we continue to struggle through the Covid-19 variants. You can use the branded podcast to tell the story of compliance successes in your organization. You can include other departments to share their successes, too. As with the podcast storytelling series, it would be done in a collaborative manner working with your communications team.

Compliance News of the Day

Want to make some short and snappy compliance communications? How about “Compliance News of the Day”? Have a daily curated news show of 3–4 compliance stories with a short summary of each story and how they relate to a compliance perspective to your organization. Make it fun so your employees want to check in daily. When the DOJ comes knocking and asks how often you send out compliance communications, you can point to your Compliance News of the Day as a great starting point.

As a compliance practitioner, you should strive to bring more storytelling into your compliance messaging, training, and communications. If you put the employee in the shoes of the person they’re watching, they will remember it, because they will see how it applies to their lives. Such training and communication experiences will last much longer than if you drone over a written policy or show a PowerPoint. Marc Havener has called this “expanding your classroom.” Ronnie Feldman calls this bringing memorable storytelling to your compliance communications and training.

 Using Podcasts to Improve Corporate Culture

One of the biggest benefits of podcasting is that it allows a compliance function to connect with their audience on a more personal level. Unlike traditional forms of advertising, which often come across as impersonal and sales-driven, podcasts enable businesses to build a loyal following by offering valuable and engaging content. This can include interviews with industry experts, behind-the-scenes glimpses of the business, and informative discussions on relevant topics.

Now take these same concepts of audience engagement and apply them internally to an organization. What do you potentially have? A mechanism to engage your employees, to engender trust and improve your overall corporate culture. Do you think this is a crazy way to improve culture? Think again about all the advantages podcasting has in place already.

A major US consumer product company started a podcast and had corporate executives on it. Who were the biggest fans of the podcast? It turned out it was the company employees, many of whom had never met their corporate executives. This allowed the executives to be humanized in a way no number of town hall meetings or other similar corporate events could ever achieve.

Since you are only limited by your imagination in compliance, why not use some of that imagination to be creative in your compliance training and communications.

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Fox on Podcasting

Fox on Podcasting – Tom Schwab on The Power of Podcast Interviews

Sometimes you just have to go meta. After having recorded, produced, hosted, and guested in over 5000 podcasts, Tom Fox decided it was time to have a podcast about what else—podcasting. In this podcast series, Tom will visit podcast hosts to learn about their love of podcasting, what they have been able to achieve through podcasting, and why you need to consider starting your own podcast. Fun, witty, and chatty, with a dash of joie de vivre, this series will be entertaining and educational. Join Tom Fox as he explores the world of podcasting, and get ready to be inspired to start your own podcast. In this episode, Tom visits with Tom Schwab, founder of Interview Valet.

Tom Schwab is a seasoned entrepreneur and marketing expert with a diverse background, including engineering, running nuclear power plants, and founding his own business. Schwab believes in the power of utilizing podcast interviews for effective marketing and relationship building, a perspective shaped by his own experiences in business and marketing. He emphasizes that podcast interviews are not just marketing but a powerful channel within marketing, particularly in relationship sales, where trust and connection are crucial. Schwab sees podcast interviews as an opportunity to be heard, seen as a thought leader, and overcome the problem of obscurity while also generating multiple pieces of social media marketing content. Join Tom Fox and Tom Schwab on this episode of the Fox on Podcasting podcast to learn more about Schwab’s unique perspective and experiences.

Key Highlights:

  • Podcast Interview Marketing: Building Trust and Breaking Through the Noise
  • Leveraging Podcast Interviews for Content Repurposing
  • Podcast Interview Marketing for Social Media
  • Maximizing Results with Targeted Podcast Interviews

Resources:

Tom Schwab on LinkedIn

Interview Valet

Tom

Instagram

Facebook

YouTube

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LinkedIn

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31 Days to More Effective Compliance Programs

One Month to a More Effective Compliance Program Through Culture: Day 17 – Improve Corporate Culture Through an Internal Podcast

One of the biggest benefits of podcasting is that it allows businesses to connect with their audience on a more personal level. Unlike traditional forms of advertising, which often come across as impersonal and sales-driven, podcasts enable businesses to build a loyal following by offering valuable and engaging content. This can include interviews with industry experts, behind-the-scenes glimpses of the business, and informative discussions on relevant topics.

Now take these same concepts of audience engagement and apply them internally to an organization. What do you potentially have? A mechanism to engage your employees, to engender trust, and to improve your overall corporate culture. Do you think this is a crazy way to improve culture? Think again about all the advantages podcasting has in place already.

A major US consumer product company started a podcast and had corporate executives on it. Who were the biggest fans of the podcast? It turned out it was the company employees, many of whom had never met their corporate executives. This allowed the executives to be humanized in a way no number of town hall meetings or other similar corporate events could ever achieve.

Podcasting is a powerful tool that corporate compliance programs can use to connect with their audience on a more personal level. By investing in podcasting, corporations can create engaging and informative audio content that will help build their ethical brand (culture) and drive employee engagement. If you want a new and different way to talk to your employees, why not try podcasting?

Since you are only limited by your imagination in compliance, why not use some of that to be creative in your compliance training and communications? Podcasting has become an essential tool for businesses to connect with their employees, establish themselves as thought leaders, and promote their values and culture. By investing in the right podcast equipment and software, corporate compliance functions can create high-quality audio content that engages their audience helps to achieve their ethical goals, and improves the culture of any organization.

 Three key takeaways:

1. You can improve employee trust and corporate culture through employee trust.

2. Communicating through a podcast can increase your brand promise with employees and other stakeholders.

3. An internal podcast can humanize your leadership to your employees.