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:
In this episode of the Compliance Week 2023 Speaker Preview Podcasts series, Mary Inman discusses her fireside chat at Compliance Week 2023, “Compliance Director Turned Whistleblower – Lessons, Learnings and Pitfalls.” Her talk is with Ted Siedle, and they will examine the whistleblower’s mindset, his personal experiences in discovering wrongdoing as a compliance professional, and learnings that can be useful in your organization.
I hope you can join me at Compliance Week 2023. This year’s event will be May 15-17 at the JW Marriott in Washington, DC. The line-up of this year’s event is simply first-rate, with some of the top ethics and compliance practitioners around.
Gain insights and make connections at the industry’s premier cross-industry national compliance event offering knowledge-packed, accredited sessions and take-home advice from the most influential leaders in the compliance community. Back for its 18th year, compliance, ethics, legal, and audit professionals will gather safely face-to-face to benchmark best practices and gain the latest tactics and strategies to enhance their compliance programs. And many others to:
For information on the event, click here. Listeners of this podcast will receive a discount of $200 by using code TF200 on the link here.
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:
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:
Welcome to the award-winning FCPA Compliance Report, the longest-running podcast in compliance. In the latest episode of the FCPA Compliance Report, host Tom Fox welcomes Katherine Pappas, Lauren Briggerman, and Ian Herbert, government experts and internal investigations at the Miller & Chevalier law firm. The group discusses changes to the Corporate Enforcement Policy and the challenges companies face with extraordinary cooperation and clawbacks. They also dive into the Biden administration’s antitrust policies, particularly in labor markets and the recent trend of the DOJ losing no-poach cases to juries. The conversation then shifts to the FTC’s proposed rule on non-compete agreements and recent FCPA individual prosecutions related to bribery allegations. Finally, the hosts discuss potential changes to the duty of oversight requirements for company directors and officers and potential changes to US sentencing guidelines. Take advantage of this informative and engaging episode!
Key Highlights:
Resources:
Executives At Risk Winter: 2022/2023
Tom Fox
Welcome to the Great Women in Compliance Podcast, hosted by Mary Shirley and Lisa Fine. The Great Women in Compliance podcast has covered speaking up from many angles over the last several years because it’s such an important and perennial topic that Compliance Officers need to keep thinking on to maximize effectiveness.
This week’s unique speak up angle comes from the former Chief of the Office of the Whistleblower at the Securities and Exchange Commission. Jane Norberg is now a partner at Arnold&Porter and shares some insightful observations and advice that leverage off her knowledge from receiving whistleblower tips over nine years. She tells the #GWIC audience how the Office of the Whistleblower focuses their priorities and how the SEC typically works with whistleblowers. Jane talks about the well-known phenomenon that many whistleblowers do make an attempt to report internally before they turn elsewhere and Mary asks her about some of the specific areas of opportunity that companies have to avoid missing the gift of a whistleblower tip – you won’t want to miss this.
You can find the Great Women in Compliance Podcast on the Compliance Podcast Network where you can find several other resources and podcasts to keep you up to date in the Ethics and Compliance world. You can also find the GWIC podcast on Corporate Compliance Insights where you can learn more about the podcast, stream prior episodes and catch up on Mary’s monthly column “Living Your Best Compliance Life.”
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). If you enjoyed the book, the GWIC team would be very grateful if you would consider rating it on Goodreads and Amazon and leaving a short review. Don’t forget to send the elevator back down by passing on your copy to someone who you think might enjoy reading it when you’re done, or if you can’t bear parting with your copy, consider it as a holiday or appreciation gift for someone in Compliance who deserves a treat.
If you enjoyed the book, the GWIC team would be very grateful if you would consider rating it on Goodreads and Amazon and leaving a short review. Don’t forget to send the elevator back down by passing on your copy to someone who you think might enjoy reading it when you’re done, or if you can’t bear parting with your copy, consider it as a holiday or appreciation gift for someone in Compliance who deserves a treat.
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.
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:
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:
· Jamie Dimon says banking regs need to be tightened. (WSJ)
· Steinmetz’s guilty verdict was upheld on appeal. (Reuters)
· Founder of Frank charged with fraud. (NYT)
· VW fights draconian sanctions. (Reuters)
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
Tom Fox
Connect with me on the following sites:
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 more fully explore a subject. In this episode, we discuss the consequences of insufficient disclosure regarding cybersecurity risks, as demonstrated in the recent Blackbaud SEC enforcement action. The SEC requires companies to proactively disclose material events, and the Delaware Court of Chancery is making it clear that senior executives are responsible for ensuring compliance with disclosure requirements. Tune in next week to hear more Compliance into the Weeds from Tom and Matt.
Key Highlights
· The cost of poor communication: $3 million lesson from Blackbaud’s FCC fine.
· Disclosure Controls and the Sarbanes Oxley Act
· The Consequences of Failing to Comply with the SEC and FCC Regulations on Reporting Data Breaches
· SEC Cracking Heads and What’s Next
Notable Quotes:
1. “Do words still matter? I think that they do.”
2. “I couldn’t think of at least 3 million reasons why that was a bad idea in hindsight, and maybe they should have been more forthcoming.”
3. “Oh, well, actually, you know, we missed the revenue target, but we forgot to tell the CFO people would be fired. You know, there would be heads stuck on the pikes. In front of the office lobby or something like that.”
4. “A compromise of our data security that results in customer or donor personal or payment card data being obtained by unauthorized persons could, and that’s the word. Could adversely affect our reputation with our customers and others.”
Resources
Matt on LinkedIn
Matt on Radical Compliance
Tom
