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Compliance Into the Weeds

Mental Health and Compliance Officers

The award-winning, Compliance into the Weeds is the only weekly podcast that takes a deep dive into a compliance-related topic, literally going into the weeds to explore a subject. This episode considers the very prescient topic of mental health and compliance officers. There is a mental health crisis in the U.S. workforce today, which also applies to compliance officers. Matt recently moderated a webinar hosted by Ethico on how mental health issues can affect corporate culture and compliance officers. The panelists included Paul Liebman, head of compliance at Harvard University; Sarah Ross, a former compliance officer at Novartis who now runs a consulting business on burnout, depression, and related issues; and Nick Gallo, co-CEO at Ethico.

Some of the highlights included:

  • How the Covid-19 pandemic accelerated the issues of mental health for all workers.
  • We had some great suggestions from the panelists and webinar participants.
  • Understanding the difference between mental health and mental illness is critical.
  • Consider how your company could weave mental health awareness into training, especially manager training.
  • Define boundaries between work and personal life.
  • Finding a friend in your field can be a critical mental health safety check. If you feel like you have someone to speak to about stress, you’re more likely to understand and confront that stress. True for compliance officers and other employees alike.
  • There is a strong connection between mental health and a speak-up culture generally. If employees feel afraid to speak up about feeling stressed or overworked, would they be equally reluctant to speak up about misconduct?

 Resources

Matt Kelly in Radical Compliance

Categories
Innovation in Compliance

The Real Cost of Returning to the Office With Dr. Gleb Tsipursky


 
Dr. Gleb Tsipursky is the thought leader and CEO of Disaster Avoidance Experts, a boutique future-of-work consultancy that helps tech and insurance executives drive collaboration, innovation, and retention in hybrid work. Currently, he is focusing on normalizing hybrid and remote work, which he further discusses in his book, Leading Hybrid and Remote Teams. Tom Fox welcomes him to this week’s show to talk about Elon Musk’s misinformed views on remote work and why working from home is better for productivity levels. 
 

 
Remote Work v. Working From the Office
Tom asks Dr. Gleb what drove him to write the article entitled, Elon Musk’s back-to-the-office order will undermine Tesla’s future. It was his response to Musk’s announcement to abolish remote work on the grounds that it made his employees unproductive, Dr. Gleb tells Tom. He has been researching hybrid remote work since the beginning of the pandemic, and found that remote workers are much more productive. A study at Stanford determined that productivity improved by 5% as office workers worked remotely. “They [workers] don’t have to do the unpaid labor of the commute and they can focus more on productive activities because they’re not interrupted,” Dr. Gleb explains. 
 
Authoritarian Workplace
Tom asks Dr. Gleb if he believes a top-down command and control approach to leadership would work in 2022 and beyond. Dr. Gleb replies that this kind of leadership can only be successful in narrow environments. He believes that it is most successful in environments like warehouses “where you don’t need to be skilled, or a kind of manufacturing job where …you don’t need to do much innovative work.” However, since Tesla is an innovative company, command and control will undermine Tesla’s future. It is a company that requires knowledgeable and creative thinkers and those types of people would suffer under micromanagement. He also points out that demanding his employees to return to the office because he believes they are not working remotely, signals a lack of trust which is a very dangerous corporate culture. 
 
The Fate of Tesla
Many of Tesla’s employees are innovators and creators; these include research and development staff and software engineers. Throughout the pandemic, these employees have been successfully and productively working from home, but now they are being forced to go out to the office. Naturally, these accomplished innovators would seek employment elsewhere, where they have comfortable working conditions. This leaves Tesla with employees who are conformists, who are okay with the authoritarian culture being imposed on them, and these people are less creative and innovative. Over time this will cause Tesla to lose the edge that makes them unique, Dr. Gleb argues.
 
Resources
Dr. Gleb Tsipursky | LinkedIn | Twitter 
Disaster Avoidance Experts | Book – “Leading Hybrid and Remote Teams” 
 

Categories
Daily Compliance News

May 25, 2022 the $2,465 an Hour Edition


In today’s edition of Daily Compliance News:

  • Glencore settles for $15bn. (FCPABlog)
  • Bosses in the UK want ‘butts in seats. (FT)
  • BYN settles for lying about ESG. (Compliance Week)
  • J&J’s lawyer wants to charge $2465 per hour in bankruptcy. (Reuters)
Categories
Daily Compliance News

November 22, 2021 the Why Corruption edition


In today’s edition of Daily Compliance News:

  • Will Activism CEO resign?(WSJ)
  • Office reopening gets trickier. (WSJ)
  • Banks must promptly report cyber breaches. (Reuters)
  • Why do some become corrupt? (Foreign Policy)
Categories
Daily Compliance News

August 23, 2021 the Transparency and FB edition


In today’s edition of Daily Compliance News:

  • Racial bias in military discipline? (NPR)
  • End of investor road shows? (FT)
  • Remote work could last up to 2 more years. (WSJ)
  • Transparency at Facebook (or lack thereof). (NYT)
Categories
Trekking Through Compliance

Trekking Through Compliance-Episode 9-Dagger of the Mind


In this episode of Trekking Through Compliance, we consider the episode Dagger of the Mind which aired on November 3, 1966, Star Date 2715.1.
The Enterprise makes a supply run to planet Tantalus V, a colony where the criminally insane are confined for treatment. The facility’s director is Dr. Tristan Adams, a psychiatrist famous for advocating more humane treatment of such patients. After the Enterprise delivers supplies and receives cargo from Tantalus, a man emerges from the container taken aboard and assaults a technician. Reaching the bridge, the intruder demands asylum, but Spock subdues him with a Vulcan nerve pinch. In sickbay, the intruder identifies himself as Simon van Gelder, and a computer check reveals that he is not a patient, but Dr. Adams’ assistant.
On the Enterprise van Gelder becomes increasingly frantic, warning that the landing party is in danger. Spock learns that the neural neutralizer can empty a mind of thoughts, leaving only an unbearable feeling of loneliness and that Adams has been using it on inmates and staff to gain total control of their minds.
Kirk decides to test the neutralizer on himself, with Noel at the controls. Adams appears, overpowers Noel, seizes the controls, increases the neutralizer’s intensity, and proceeds to convince Kirk that he has been madly in love with Noel for years. Adams inadvertently reactivates the neural neutralizer, emptying his mind completely, killing him. Back on the Enterprise, Kirk is informed that van Gelder has destroyed the neural neutralizer. McCoy is surprised that loneliness could be lethal, but Kirk, after his experience, is not.

Compliance Takeaways:
  1. Be careful at Christmas parties.
  2. How do you test new protocols?
  3. How you treat your direct reports is critical for your success as a CCO.
Resources
Excruciatingly Detailed Plot Summary by Eric W. Weisstein for Daggerof the Mind
MissionLogPodcast.com-Daggerof the Mind