Innovation In Compliance With Tom Fox

Like its namesake, which was the first piloted aircraft to break the sound barrier, X1 values innovation and speed. The company is laser focused on fixing problems in new, better and more cost effective ways. Its software capability has evolved from search & productivity applications into the ability to collect social, media and web content for legal proceedings, as well as the ability to access and act on employee information in a scalable manner without disrupting productivity. CEO of X1, Craig Carpenter, joins Tom Fox on this week’s show to chat about how his company is making data accessible for its clients. Distributed GRC Solution Tom asks Craig to talk about X1’s distributed GRC solution. Craig responds that the name itself conveys that the software is wherever the data resides. Distributed GRC is a two-part product, he says. The first part is software that sits on an endpoint such as a laptop. The second part is a command and control layer that allows you to access your data sources and analyze what

This week’s guest on the Innovation In Compliance show is Krista Hardwick, General Counsel at Deputy. Deputy brings an innovative solution to managing compliance and legal risk around scheduling. Krista chats with Tom Fox about how her company’s software helps business owners stay compliant with fair wage and hour laws, as well as increase profitability. Analyzing Shift Work Deputy recently released a free ebook entitled The United States of Shift Work, based on their study of 1million shift hours over the course of a year. They were able to conclude that there are many similarities among the different generations of shift workers with regard to the hours they worked vs hours they were scheduled. On average, workers were rostered to work just a few hours more than they actually worked. Krista says that this shows that managers and business owners are complying with the fair work week laws which state that workers should not be required to work more than they are scheduled. It also implies that business leade

Fizza Khan, this week’s guest on the Innovation In Compliance show, has been in regulatory consulting for over 10 years. She is the CEO and founder of Silver Regulatory Associates, an innovative company that specializes in helping companies meet their regulatory obligations. She and Tom Fox discuss the idea of outsourced compliance as well as the interesting and often complicated world of cryptocurrency. The Cutting Edge of Outsourced Compliance Tom comments that the regulatory compliance space has different guidelines, regulations and laws than his world of ABC compliance. He asks Fizza to describe some of the cutting edge things her company is doing, in particular the idea of ‘outsourced compliance’. She replies that financial services companies must have a strong regulatory compliance program that’s not only good on paper, but practically functioning. Her company, as an outsourced compliance option, can help firms meet their obligations either by integrating into their compliance program or by working alo

Brandon Daniels, President of Global Technology Markets at Exiger, joins Tom Fox for this week’s episode of Innovation In Compliance, to chat about how technology is leading the compliance discussion. Exiger develops technology solutions in the compliance space. Third Party Risk Management Tom notes that the market has recognized the need for more robust management of third party risk. Brandon agrees that more people are recognizing that third party risk can define their organizations. Revised federal guidelines underscore the importance of embedding third party risk management into organizations. This isn’t a peripheral risk, Brandon points out. It’s the kind of risk that can destroy shareholder value, cause significant fines, and consume your brand. Tom adds that third party risk has always been the highest risk for a government intervention in terms of a violation.  Education Is A Key First Step The e-discovery industry is an example of how technology can become central to a company’s function. Twenty ye

Jonathan Sampson has worked in the compliance industry for the past decade, including as COO of Click for Compliance, a pioneer in the compliance training space. He and co-founder Karen Kiesel started Peak Compliance Training because they recognized a need for a customer-centric training provider. He says that compliance professionals are passionate about driving company culture through their training initiatives but they need customization, often in multiple languages. He joins Tom Fox on this week’s show to share how Peak is answering the market need with their training solution. A Suite of Training Resources Peak’s initial suite of training resources was in the area of sexual harassment prevention, in response to recent legislation mandates. They are building out a compliance training library that will be available in coming months, which will cover topics such as ethics, business code of conduct, FCPA anti-corruption and anit-trust, and import-export controls. The market favors training that is interacti

Compliance is widely seen as black and white, but this week’s guest argues that there is a lot of thinking, decision making and ways to innovate inside the compliance space. Jeff Nally is an executive coach who has spent the last fourteen years using neuroscience to help business leaders think differently, make better decisions, and spark ideas, innovation and insight in others. Jeff’s Approach to Coaching Tom comments that using a brain-based approach seems antithetical to what lawyers generally do. He asks Jeff to describe his coaching method. Jeff replies that he’s not coaching around expertise; rather, he’s helping spark new ideas and innovations in their brains. A compliance issue could have multiple approaches. He’s teaching professionals to be better leaders, as well as how to ask thoughtful, reflective questions. How to Know If Coaching is Right For You Jeff says you should consider retaining a coach after you’ve maximized all the other training, development and leadership resources available to you

Paul Brodie is the CEO of Brodie Consulting. He is a consultant and keynote speaker, and most interestingly, he helps would-be authors get their books published. He joins host Tom Fox today to discuss his professional background, and his work and most importantly, how to get your book published. How Brodie Consulting Began His company, Brodie Consulting, was born out of a personal health crisis. Paul relates that his doctor told him that if he didn’t change his life, he would be dead within five years. This motivated him to take charge of his health and lose over 60 pounds. He wanted to write a book about his journey, but had no idea how to do so. With lots of research about Kindle publishing and some trial and error, he created a 6-step book publishing system. His first three books became bestsellers because of his system. He also discovered that he could help other would-be authors and began to offer coaching, done-for-you book publishing as well as podcast production and executive ghostwriting services.

Christian Perez Font is the founder of Thinkeen Legal, a law firm that uniquely incorporates data analytics, compliance and law. He began his career as a corporate attorney and in 2008 joined Baxter International, a multinational healthcare company, as in-house counsel. When he joined Baxter, his work was 10% compliance-related and 90% business-related, but by the time he left 5 years later, he was doing 65% compliance work. The key to becoming a better compliance professional, he proposes, is to become a better business person. He and host Tom Fox discuss the importance of data in compliance and in business. Data as Fuel When people think about Data Analytics they imagine some form of AI that's going to automatically pinpoint problems. Christian says that the truth is that Data Analytics has to be at the core of compliance: data is the fuel that powers the compliance engine. It’s the data that will tell you how you should be communicating compliance policies and doing training so that you can achieve your b

Andrea Falcione and Tricia Cornell of Rethink Compliance, one of the most innovative companies in the compliance space, join Tom Fox in this week’s show. They discuss their compliance journeys, and how content is reshaping the world of compliance. Their Compliance Journeys Andrea is a lawyer by profession. In 2004 she transitioned into compliance; she joined Rethink Compliance about a year ago. Tricia comes from the marketing and advertising world. The founder of Rethink, Kirsten Liston, asked her to join the company two years ago to bring her expertise in creating pieces of content to persuade people to think differently about commercial products, into the compliance space. Content is King Tom asks the guests to explain what ‘Content is king’ means, and why it’s so important and innovative in compliance. Tricia explains that it means that people are curious: they want to read, listen, and view videos, so compliance experts have to make their content consumable and desirable, and through that get their bran

Alyson Van Hooser is a self-described ‘old school millennial’. From being on her own from age 13, to putting herself through college, to leadership positions in the retail and finance industries, Alyson has worked hard to achieve her goals. She now works with Van Hooser Associates, where she has to opportunity to dedicate herself to her passion for leadership development. Leadership is TwofoldAlyson says that leadership is twofold: you lead yourself and you can lead others. The first step in leadership is personal development, she says. She learned early on in life that if she wanted to be successful, she had to first lead herself. As she got older, the leaders in her life helped her develop into a successful person. It was because they chose to serve her, she says, that she listened and learned and followed them where they wanted her to go. Great leaders are able to connect and relate to their people. When you have influence over your people, you can get the results you want from them. Listening is Essential

Tom Fox celebrates this special 100th episode of Innovation in Compliance with Megan Dougherty. Megan is the co-founder of One Stone Creative, the company that produces this podcast. The show takes a different spin: first Megan interviews Tom, then he interviews her. They talk about how the show started, favorite episodes, and how you and your business can benefit from podcasting. Favorite EpisodesMegan wants to know what Tom’s favorite episode has been so far. He responds that he loves all the episodes equally, but he has the most fun doing series. It’s easy for him to create so much content because he’s continuously thinking up new ideas, he says. Origin of Innovation in Compliance Tom’s friend Howard Sklar, now a Managing Director at Morgan Stanley, introduced him to the world of podcasting. After Howard moved to the corporate world, Tom took over their podcast and went on to start several of his own. He feels that podcasting is like having a virtual cup of coffee with his guests: he sets out a short outli

In today’s show, host Tom Fox speaks with Shaina Weisinger of Repurpose House, a company that repurposes long-form content into optimized social media posts. Shaina had years of experience in digital marketing strategy and established Repurpose House when she realized that her clients wanted repurposed content, a niche in the marketplace that no other company was filling. She chats with Tom about why repurposing is a good strategy, how she built her offshore team and her company’s 5 core principles.Why Repurpose?Marketers  struggle to consistently create new content for social media. Usually they already have high quality content that converted and got a lot of engagement. Repurposing proven content is a strategy Shaina specializes in: she takes longer-form content (such as blog posts, webinars and speeches) and breaks them up into many different pieces of content in a way that’s optimized for social media. If you've already taken the time to create the content, she says, don't just let it die.Building a

What to Say During a Crisis with Eden GillottWhen you’re dealing with drama and you want to know what to do and what to say, Eden Gillott is the person to go to. She has been the President of Gillott Communications, a crisis PR firm, for over 11 years. She chats with Tom Fox about what a company should say in a crisis situation, how to prepare for a crisis in advance, and common mistakes to avoid.What to Say During a CrisisEden defines a crisis as anything that threatens your reputation in a way that will interrupt your business. Whenever there is a crisis incident, especially one that involves loss of life, your company should express sorrow and empathy, and should never make light of the fact that people have lost their lives. You should also think about your key message and goals: ideally, your strategy should include your short-term reaction, but also consider the long-term impact of your actions.How To Prepare For a Crisis While you can never predict a crisis, there are ways to prepare in advance. Think

In today’s show, Amy Kadomatsu joins host Tom Fox to share how her company makes compliance simple for their clients. Amy is the Chief Operating Officer at ComplySci, a provider of regulatory technology for financial and professional services companies. ComplySci helps its 1200 clients in 51 countries monitor and manage employee risk, by leveraging technology to transform their day to day operations with digital compliance.360° Employee Risk Management. Tom asks Amy, should a COO think about using a solution like ComplySci? And how it would help them integrate compliance into the business, but also satisfy the articulated requirements from the Department of Justice. Amy responds that it’s imperative to understand the needs of the business and try to engage end users into a culture of compliance. As the COO, you should also think about what you need to monitor and manage within employee risk. She describes how ComplySci’s multithreaded solution provides a 360° view of end users to help the company stay wi