Innovation In Compliance With Tom Fox

Welcome to this special podcast series, Integrity Matters: Assessing the Corporate Compliance Climate in 2021, sponsored by K2 Integrity. This week I visit with Bob Brenner, Co-Managing Partner and Chief Legal Officer; Snežana Gebauer, Executive Managing Director and head of U.S. Investigations and Risk Advisory, Americas. Over the week, we will consider various regulatory and enforcement issues with the incoming Biden Administration. Topics include assessing the regulatory landscape resulting from the pandemic, what companies can expect from new administration priorities, anti-bribery/anti-corruption issues and enforcement in 2021. In this Part 4, I am joined by Bob Brenner and we consider what companies can expect from the global trends impacting risk and compliance in 2021. Join us tomorrow as we conclude our five-part series by considering how your company can prepare for what is next. For more information go to the K2 Integrity website. Texas Tax rate at 80% of 8.25%

Welcome to this special podcast series, Integrity Matters: Assessing the Corporate Compliance Climate in 2021, sponsored by K2 Integrity. This week I visit with Bob Brenner, Co-Managing Partner and Chief Legal Officer; Snežana Gebauer, Executive Managing Director and head of U.S. Investigations and Risk Advisory, Americas. Over the week, we will consider various regulatory and enforcement issues with the incoming Biden Administration. Topics include assessing the regulatory landscape resulting from the pandemic, what companies can expect from new administration priorities, anti-bribery/anti-corruption issues and enforcement in 2021. In this Part 3, I am joined by Snežana Gebauer who discusses what companies can expect as priorities from new administration around anti-bribery and anti-corruption. Join us tomorrow as we examine global trends impacting risk and compliance in 2021. For more information go to the K2 Integrity website. Texas Tax rate at 80% of 8.25%

Welcome to this special podcast series, Integrity Matters: Assessing the Corporate Compliance Climate in 2021, sponsored by K2 Integrity. This week I visit with Bob Brenner, Co-Managing Partner and Chief Legal Officer; Snežana Gebauer, Executive Managing Director and head of U.S. Investigations and Risk Advisory, Americas. Over the week, we will consider various regulatory and enforcement issues with the incoming Biden Administration. Topics include assessing the regulatory landscape resulting from the pandemic, what companies can expect from new administration priorities, anti-bribery/anti-corruption issues and enforcement in 2021. In this Part 2, I am joined by Bob Brenner who discusses what companies can expect as priorities from new administration. Join us tomorrow as we examine anti-bribery and anti-corruption priorities from the incoming Biden Administration. For more information go to the K2 Integrity website. Texas Tax rate at 80% of 8.25%

Gary Chan is the President of Pragmatic Security at Alfizo and specializes in data protection and security. Tom Fox welcomes him onto this week's show as they discuss the ways to help businesses leverage IT departments, enable sales, and meet compliance. Why Information Security When people buy information security, Gary explains, they're not looking for someone to go in and solve every problem. Clients want to look at information security from a business perspective: how will it help them generate revenue and protect only the things the business wants to protect while saving money? Gary calls this ‘pragmatic information security’ because it delves into the why. It is an approach that helps businesses understand what the highest risks are, and how to manage those risks. Security Within Executive Branches Gary finds that even the most sophisticated Board of Directors lack a proper understanding of data protection. They are more concerned with meeting compliance and avoiding fines. “They don’t really understa

Welcome to this special podcast series, Integrity Matters: Assessing the Corporate Compliance Climate in 2021, sponsored by K2 Integrity. This week I visit with Bob Brenner, Co-Managing Partner and Chief Legal Officer; Snežana Gebauer, Executive Managing Director and head of U.S. Investigations and Risk Advisory, Americas. Over the week, we will consider various regulatory and enforcement issues with the incoming Biden Administration. Topics include assessing the regulatory landscape resulting from the pandemic, what companies can expect from new administration priorities, anti-bribery/anti-corruption issues and enforcement in 2021 and preparing your organization for what is next. In this Part 1, I am joined by Snežana Gebauer who assesses the regulatory landscape resulting from the pandemic. Texas Tax rate at 80% of 8.25%

Robert Meyers is the Channel Solutions Architect for One Identity, a software company that helps organizations establish an identity-centric security strategy. Tom Fox welcomes him to this week’s show to talk about compliance, data privacy, and employee data issues. The Role of One Identity “Most companies forget about employees, and this gets impacted by GDPR,” Robert says. His role at One Identity allows him to explain to companies where they can fit identity protections for employees. He also helps companies with their logging systems to prevent them from sending out sensitive information into their log store. Robert adds that he also works as a consultant for partners and helps with privileged access management. Data Has a Life Cycle “Data itself should have a life cycle,” Robert emphasizes. The concept of never deleting anything and keeping copies of everything is a bad idea. Data discipline and data management governance expects that you remove data at an appropriate time. Robert iterates that data pr

Tom and Nick Gallo discuss The Infinite Game by Simon Sinek. The author emphasizes that the game of business is not a short game but a long one, and leaders need to play the long game in order to be successful. Nick comments that making sure that your company is working together for the betterment of your employees - not just for profit - is crucial, and a vital part of playing the long game. Tom mentions Jeff Bezos as an example of a business leader who plays the long game. Simon Sinek is an author, and inspirational speaker. He explores how leaders can inspire cooperation, trust and change. Listeners can read Nick’s notes on each book at his LinkedIn page. Resources Tom Fox on LinkedIn | Twitter CompliancePodcastNetwork.net Nick Gallo on LinkedIn ComplianceLine.com The Infinite Game by Simon Sinek Texas Tax rate at 80% of 8.25%

Tom Fox and Nick Gallo discuss cultivating psychological safety within the workplace and innovation and growth, from Amy Edmondson’s book, The Fearless Organization. Tom expresses that a main aspect of psychological safety is creating a speak-up culture. Once your employees believe that you want them to speak up, your company can move forward.  Amy Edmondson is a scholar of leadership, teaming and organizational leading. She is currently the Novartis Professor of Leadership at Harvard Business School. Listeners can read Nick’s notes on this book at his LinkedIn page. Resources Tom Fox on LinkedIn | Twitter CompliancePodcastNetwork.net Nick Gallo on LinkedIn ComplianceLine.com The Fearless Organization by Amy Edmondson Texas Tax rate at 80% of 8.25%

In this episode of the 100 Book Challenge series, Tom Fox and Nick Gallo are talking about Erin Meyer’s book, The Culture Map. They discuss the dynamic of culture. Tom asks how a Chief Compliance Officer can communicate effectively within a multinational organization. Nick shares the eight axes that make up a culture from the book. He adds that understanding differing cultural norms and dynamics, and being able to communicate within that realm, is important for compliance practitioners.  Erin Meyer is a professor at INSEAD Business, based in Paris. Her work focuses on how the world’s most successful leaders navigate cultural differences in a multicultural environment. Listeners can read Nick’s notes on this book at his LinkedIn page. Resources Tom Fox on LinkedIn | Twitter CompliancePodcastNetwork.net Nick Gallo on LinkedIn ComplianceLine.com The Culture Map by Erin Meyer Texas Tax rate at 80% of 8.25%

Tom Fox and Nick Gallo talk about decision-making and what influences the process. Humans like to think of themselves as rational beings, but we are really emotional decision-makers who rationalize our decisions with logical arguments. Influence is also a large factor in how you make decisions, Nick adds - it’s how you get people to change their minds without coercion. Tom discusses one of his key takeaways from Cialdini, which is the theory of reciprocity, also known as reaping what you sow.  The six principles of influence are: reciprocity, commitment and consistency, social proof, similarity, authority, and scarcity. Nick gives a brief definition for each principle and shares his takeaways from Cialdini.  Listeners can read Nick’s notes on this book at his LinkedIn page. Resources Tom Fox on LinkedIn | Twitter CompliancePodcastNetwork.net Nick Gallo on LinkedIn ComplianceLine.com Influence: The Psychology of Persuasion by Robert Cialdini Texas Tax rate at 80% of 8.25%

Tom Fox and Nick Gallo discuss the writings of the ancient Roman philosopher Marcus Aurelius and how to apply them to business leadership. Tom shares the impact that these writings had on him as a teenager with no consistent mentor, and how it provided him with a philosophy to guide his life. Nick talks about how Meditations teaches readers to change their mindset. Oftentimes we cannot control the outcome of situations, but we can control our adherence to the process, he says.  Marcus Aurelius was the most powerful man on earth in his time, yet he adopted the ancient Greek philosophy of stoicism to discipline himself and develop self-control. For this reason, he is known to modern scholars as one of the last good Emperors of the Roman Empire. Listeners can read Nick’s notes on this book at his LinkedIn page. Resources Tom Fox on LinkedIn | Twitter CompliancePodcastNetwork.net Nick Gallo on LinkedIn ComplianceLine.com Meditations by Marcus Aurelius Texas Tax rate at 80% of 8.25%

Special guest Nick Gallo joins Tom Fox for a six-part podcast series about books. In this introductory episode, they talk about Nick’s 100 Book Challenge for 2020, where his goal was to read or listen to a selection of 100 books. Nick shares how he curated his reading list, his methods for completing the challenge, and the insights he learned from the experience. One such insight is that learning is like flexing a muscle, and just like the other muscles of the human body, you must stretch it often to keep your mind healthy.  “This was one of the biggest accomplishments of my life,” Nick claims. Part of the motivation to complete the challenge was his desire for his company to be a learning organization, he adds. “If we’re constantly in an improvement mode, there’s a lot of magic to be unlocked.” Tom and Nick share the five books they will be going over for the next five parts of the series: Meditations by Marcus Aurelius  Influence: The Psychology of Persuasion by Robert Cialdini The Culture Map by Er

Welcome to this special podcast series, Integrity Matters: Exploring the NDAA, sponsored by K2 Integrity. This week I visit with Chip Poncy, Global Co-Head Financial Crimes Risk Management practice and member of K2 Integrity’s Board, and Gail Fuller, Managing Director at K2 Integrity. Over the week we have broken down the changes to the Bank Secrecy Act (BSA) and changes in enforcement authority to Financial Crimes Enforcement Network (FinCEN) which are found in the recently passed National Defense Authorization Act (NDAA). Topics discussed included breaking down the big picture, company formation reform, new opportunities under this new law, coming change to corporate governance under the NDAA and the long view of the new law. In this concluding Part 5, I am joined by again Gail Fuller to look at the long view under the new law. For more information go to the K2 Integrity website. For more information on the Dedicated Online Financial Integrity Network (DOLFIN) click here. Texas Tax rate at 80% of 8.25%

Welcome to this special podcast series, Integrity Matters: Exploring the NDAA, sponsored by K2 Integrity. This week I visit with Chip Poncy, Global Co-Head Financial Crimes Risk Management practice and member of K2 Integrity’s Board, and Gail Fuller, Managing Director at K2 Integrity. Over the week, we will break down the changes to the Bank Secrecy Act (BSA) and changes in enforcement authority to Financial Crimes Enforcement Network (FinCEN) which are found the recently passed National Defense Authorization Act (NDAA). Topics include breaking down the big picture, company formation reform, new opportunities under this new law, coming change to corporate governance under the NDAA and the long view of the new law. In Part 4, I am joined by Chip Poncy as we consider some of the new governance models under the NDAA. Join us tomorrow as we conclude our podcast series by taking the long view with Gail Fuller. For more information go to the K2 Integrity website. For more information on the Dedicated Online Financi

Welcome to this special podcast series, Integrity Matters: Exploring the NDAA, sponsored by K2 Integrity. This week I visit with Chip Poncy, Global Co-Head Financial Crimes Risk Management practice and member of K2 Integrity’s Board, and Gail Fuller, Managing Director at K2 Integrity. Over the week, we will break down the changes to the Bank Secrecy Act (BSA) and changes in enforcement authority to Financial Crimes Enforcement Network (FinCEN) which are found in the recently passed National Defense Authorization Act (NDAA). Topics include breaking down the big picture, company formation reform, new opportunities under this new law, coming change to corporate governance under the NDAA and the long view of the new law. In Part 3, I am joined by Gail Fuller to look at some of the opportunities under the new law. Join us tomorrow as we continue our podcast series by visiting with Chip Poncy on changes in governance brought about by the new law. For more information go to the K2 Integrity website. For more informa

Welcome to this special podcast series, Integrity Matters: Exploring the NDAA, sponsored by K2 Integrity. This week I visit with Chip Poncy, Global Co-Head Financial Crimes Risk Management practice and member of K2 Integrity’s Board, and Gail Fuller, Managing Director at K2 Integrity. Over the week, we will break down the changes to the Bank Secrecy Act (BSA) and changes in enforcement authority to Financial Crimes Enforcement Network (FinCEN) which are found in the recently passed National Defense Authorization Act (NDAA). Topics include breaking down the big picture, company formation reform, new opportunities under this new law, coming change to corporate governance under the NDAA and the long view of the new law. In Part 2, I am joined by Chip Poncy as we discuss the reforms around company formation. Join us tomorrow as we examine that with this new law comes new opportunities.  For more information go to the K2 Integrity website. For more information on the Dedicated Online Financial Integrity Network (D

Jen Snyder is the chief evangelist at GovQA, a technology company providing compliance software for governments. Tom Fox welcomes her to this week’s show as they discuss the compliance challenges facing governments, and how her company’s software is helping combat those challenges. Government Challenges Tom asks Jen to explain why management of government requirements is so critical and difficult. “In the government industry, everything you're doing is being done with government money, so everyone has the right to understand what's being done with that money,” she remarks. She adds that many of the challenges the government faces are because the private sector is ahead in terms of documentation: while the private sector’s documents and records are digitized, the government’s are still on paper. The pandemic has mandated a remote workforce, but adapting to a new normal is not familiar to government culture, Jen remarks. Data Governance With data governance, there is both the tactical solution and the strateg

Welcome to this special podcast series, Integrity Matters: Exploring the NDAA, sponsored by K2 Integrity. This week I visit with Chip Poncy,  Global Co-Head Financial Crimes Risk Management practice and member of K2 Integrity’s Board, and Gail Fuller, Managing Director at K2 Integrity. Over the week, we will break down the changes to the Bank Secrecy Act (BSA) and changes in enforcement authority to Financial Crimes Enforcement Network (FinCEN) which recently passed a National Defense Authorization Act (NDAA). Topics include breaking down the big picture, company formation reform, new opportunities under this new law, coming change to corporate governance under the NDAA and the long view of the new law. In Part 1, I am joined by Chip Poncy who breaks down the big picture of changes under the NDAA. Join us tomorrow as we examine the changes in company formation.  For more information go to the K2 Integrity website. For more information on the Dedicated Online Financial Integrity Network (DOLFIN) click here.  T

Adam Frey, Managing Director at K2 Integrity, returns to the Innovation In Compliance podcast this week. He and Tom Fox have an interesting conversation about the important role of compliance in the organization, as well as how to create a culture of compliance from the front lines. Owning the Risk Tom comments on one of Adam’s catchphrases, “own the risk”. Adam explains that the front line must internalize the compliance risk of their day-to-day activities, as well as the business and personal impact of noncompliance. The back office as well as the front line must work together to have a seamless compliance solution. Adam says that this involves taking a holistic view of every transaction and the risks it presents. “I think it's important for them to understand how [compliance risks] can impact at an operational level... and that they're an integral component of preventing the company from potentially being in noncompliance… I think it's important not to see it as just something that is somebody else's job.

Tom Fox welcomes John Petrovski, the Senior Director of Commercial Lending at BMO, to this week's episode. Tom and John discuss BMO's new business initiative BMO Empower, and its efforts to help low moderate income and minority communities. Promoting Economic Diversity BMO Empower’s mission is to promote inclusive economic recovery through six main initiatives. All their initiatives are geared towards financing black and Latinx owned businesses, as well as low income and women-owned businesses. BMO Empower provides financing for their business growth, as well as financial education. John explains how the money is distributed throughout the six initiatives that make up BMO Empower. Supplier Diversity John stresses the importance of supplier diversity. He feels that BMO ought to have more minorities among their supplier list especially since the company has been around for more than two centuries. A way he's sought to rectify this is through targeting and expressly buying from minority and women-owned busines