Innovation In Compliance With Tom Fox

Tom Fox's guest on this week’s show is DeeJae Durante. DeeJae is a livestream strategist and coach, helping individuals with disabilities get their messages out through marketing tools like podcasts and livestreams. She joins Tom to talk about creating accessibility for disabled individuals in the corporate world, and the true meaning of inclusion.   DeeJae's Mission Tom asks DeeJae what started her on the path of disability advocacy. DeeJae gives an anecdote about watching her father navigate life after a traumatic brain injury. It sparked the advocacy within her. She is very passionate about helping businesses realize the importance of providing diversity options for people with disabilities, as well as being open and considerate of everyone.  The True Meaning of Inclusion  There is no inclusion without accessibility. It is impossible to be inclusive or diverse in an organization if there is no consideration for disabled people. DeeJae talks about helping businesses create systems that accommodate disable

David Simon is a Partner at Foley & Lardner in the firm’s litigation department and a member of their Government Enforcement/Compliance/White Collar Defense Practice Group, Antitrust Practice Group, and Health Industry Team. He specializes in investigations, corporate governance, and government enforcement defense law. He and Tom Fox discuss David's article "The G in ESG" and the role of compliance in ESG, specifically in the governance aspect of compliance. The Meta Contract, Governance & Company Culture An organization's meta contract represents what the company is truly about to the public. David tells Tom the meta contract is what the company does, who the company is, and what the company isn't. Governance comes into play by keeping the company on the right track and making sure that it operates in the way it said it would. Culture informs the way an organization adheres to its meta contract, and it starts from the corporate level. Who you hire, who you promote, policies, and internal protocols and proce

Tom Fox's guest on this week’s show is Roxanne Petraeus. She is the CEO of Ethena, a compliance program for technology companies focusing on engagement and transparency. She and Tom talk about her career journey and what she and Ethena are bringing to the compliance sphere.  Ethena The training Ethena offers covers everything related to compliance as a broad topic. The company seeks to answer ‘Why compliance?’ and goes deep on the concept of design. For example, how would you design your compliance solutions to prevent certain issues?  What models would you look at that is similar? Roxanne tells Tom, "We just asked a fundamentally different design question: how do you iterate on the same model and make small tweaks but don't fundamentally change the way it's delivered or the key components of it?"  Employee Engagement and Engaging Training  Tom asks Roxanne how Ethena encourages employee engagement and employee training that is engaging. Employee training across any business has to be able to keep an employ

Tom Fox's guest on this week’s show is Toby DeRoche, a professional auditor and Senior Manager of Risk Management at Verizon. He and Tom talk about the importance of risk assessment and how it has changed in recent years.  Agile Audit Agile Audit is simply auditing the things that matter at the current moment. It's an iterative approach, going through the entire audit lifecycle and compressing it down to the essentials. "We're saying, so here's everything that I could audit, but here's what's most important to the organization today," Toby tells Tom. "It's this continual cycle… giving you the answers to what's the most burning question you have related to risk and control in your organization today.”  Focus on The Highest Risk If an audit plan isn't focused on relevant issues, or the highest risk, no one is going to care how well the auditing plan was executed. Focusing on low-risk issues wastes everyone's time. "We should be focusing on the things that are the highest risk and only those things," Toby says

Welcome to a special podcast series entitled, Corporate Case Management in the Era of the DoJ's Monaco Memo, sponsored by i-Sight Software Solutions. Over this five-part podcast series, I visit with Jakub Ficner, Director of Partnership Development at i-SIght. In this series we consider how the Monaco Doctrine and Monaco Memo have impacted compliance in several key areas. In this concluding Part 5, we consider how data and data analytics are even more critical after the Monaco Memo and how using data can drive prevention as well as detection. Highlights include: How does ongoing monitoring lead to continuous improvement and how does it relate to investigations? How your investigative protocol can supplement ongoing monitoring. How the outlays for your investigative process are a critical step going forward.  Employing root cause analysis, corrective actions, preventative action recommendations, can provide valuable data from a holistic perspective For more information check out i-Sight here.

Welcome to a special podcast series entitled, Corporate Case Management in the Era of the DoJ's Monaco Memo, sponsored by i-Sight Software Solutions. Over this five-part podcast series, I visit with Jakub Ficner, Director of Partnership Development at i-SIght. In this series we consider how the Monaco Doctrine and Monaco Memo have impacted compliance in several key areas. In this Part 4, we look consider the Fair Process Doctrine and how the Monaco Memo emphasized the requirements as laid out under the DOJ’s Evaluation of Corporate Compliance Programs and its Update. Highlights include: What are DOJ expectations? The stakeholders needed to be involved with determining, recommending, and implementing that outcome based on your investigation.    Why consistently applying the same disciplinary actions based on the nature of substantiated elements is critical. What is the Fair Process Doctrine? Following the Fair Process Doctrine is critical for the credibility of your investigative protocol.  For more inf

Welcome to a special podcast series entitled, Corporate Case Management in the Era of the DoJ's Monaco Memo, sponsored by i-Sight Software Solutions. Over this five-part podcast series, I speak with Jakub Ficner, Director of Partnership Development at i-Sight. In this series we consider how the Monaco Doctrine and Monaco Memo have impacted compliance in several key areas. In this Part 3, we look at ethical investigations and how to allow your organization to meet the strictures of the Monaco Memo. Highlights include: How did the Monaco Memo impact investigations? The importance of keeping the reporter informed. Why consistency and transparency are key aspects of the investigative process. Creating an audit trail are in your investigation protocol. For more information check out i-Sight here.

Welcome to a special podcast series, Corporate Case Management in the Era of the DoJ’s Monaco Memo, sponsored by i-Sight Software Solutions. In this series, I am joined by Jakub Ficner, Director of Partnership Development at i-Sight. Over this series, we detail the changes wrought by the Monaco Memo and how compliance professionals can respond to these new challenges. In this Part 2, we look at the need for active triage in your investigative protocol to allow your organization to meet the strictures of the Monaco Memo. Some of the highlights include: What is triage in a best practices compliance program? Why triage is as important as the original report coming in. How to document triage for regulators. What to do when new issues are discovered Why is the ability to ultimately learn from your collected data a key outcome? For more information, check out i-Sight here.

Erica Toelle is the Senior Product Marketing Manager on the Microsoft Purview product team. Her focus is on growing the Data Lifecycle and Records Management business and listening to customers and partners to make solutions better. She and Tom Fox discuss her podcast, her book, and the relationship between technology and humans. Relaunching the Uncovering Hidden Risks Podcast Tom asks Erica why she relaunched her podcast. Erica explains that she hopes to target chief security officers, and people in compliance leadership roles, and provide information on topics they are interested in learning about. In particular, the podcast explores how enterprises can reduce their risk by moving to a more holistic approach to data protection. The world of compliance is rapidly changing, with new regulations and privacy laws being implemented regularly, and the leaders want to know and understand how their peers successfully comply. Erica says that her podcast will bring these stories to life, “so that we can all learn fr

Welcome to a special podcast series entitled, Corporate Case Management in the Era of the DoJ's Monaco Memo, sponsored by i-Sight Software Solutions.  In this series I am joined by Jake Finer, Director of Partnership Development at i-Sight.Over this series, we not only detail the changes wrought by the Monaco Memo but how compliance professionals can respond to these new challenges. In this Part 1, we look at the role of a speak up culture in responding to the DOJ changes set out in the Monaco Memo. Highlights include: What did the Monaco Memo say about corporate culture? What is a 'speak-up culture'? How do we encourage and foster a speak up culture?   Why is setting expectations is critical to creating and maintaining a speak up culture. How a speak up culture can provide valuable compliance and business operations information. For more information check out i-Sight here.

Jay Rosen is the Vice President of Business Development at Affiliated Monitors, Inc., a company that helps businesses face certain types of ethics and compliance challenges. Tom Fox and Jay talk about the power of podcasting as a new component of marketing for Affiliated Monitors in this week’s show.  Getting The Message Out Tom asks Jay to elaborate on how he's been able to help people within his organization become more comfortable with having short and direct messages to send out about Affiliated Monitors. "My message - and our message internally to our folks - is that they are just so well versed and so talented, there's nothing to be afraid of," Jay says. He adds that they are removing barriers of entry and letting employees know that no matter what level of staff they're at, they have a story to tell. "Personalize your experience at AMI, and that enthusiasm will come through to the people who want to watch." The Beauty of Evergreen Jay talks about previous podcast series he's had with Tom and explains

Catherine Bell is the founder of The Awakened Company, a business that focuses on helping companies create healthy corporate cultures. She is also a partner in the newly launched Awakenly app, as well as a collaborator with Enneagram thought leader Russ Hudson. Tom Fox welcomes Catherine to this week’s show to talk about how we can create healthier cultures in our organizations, and awaken ourselves, our relationships, our teams, and our communities. Let It Be Meaningful  In the current work culture and climate, people are looking for more meaningful experiences. "There is an invitation for us all to become more simple in our lives because it's not actually all the things that we acquire that actually provide our life force with fuel," Catherine says. When work has meaning and significance, and when people have control over their work, that is what keeps them engaged. People are now looking for something deeper from their work. As such, businesses need to offer meaning and substance to their employees' lives

Megan Dougherty is the co-founder of One Stone Creative, a company that works with business owners to get more podcast listeners in less time so they can focus on strategy and engagement. Tom Fox welcomes her to this week’s show to talk about the power of podcasts, how they can impact and grow your business, and the upcoming Podcasting for Business Conference in November.    Build Passion and Relationships A podcast is the perfect outlet for a business to share ideas they are passionate about. It allows you to grow your business and build relationships with like-minded people. "One of the biggest benefits that we've both noticed in podcasting is the networking and relationship-building aspect of it," Megan says. "Who you know in podcasting is everything." Podcasting is a unique and very valuable part of your social media marketing and allows you to create content and build relationships consistently. You're also able to feed all the other areas of your business through this one channel.  Podcasting Builds I

Linda Fisk is an award-winning author, speaker, and university professor. Her mission is to amplify and extend the success of other high-caliber business leaders. She is the CEO and Founder of LeadHERship Global, a community of unstoppable women enhancing their leadership blueprint and embracing their power to be the best version of themselves. In this week’s episode, she and Tom Fox discuss the challenges that come with leadership and how to overcome them.  Leadership Is a Passion  Tom asks Linda why she is so passionate about leadership and teaching others how to be effective leaders. She explains that throughout her career she has had the privilege to serve as the CEO or the CMO. From this position, she has witnessed first-hand “the transformational power of leaders coming together to solve problems, to advance solutions, to be able to tackle some of the most daunting issues our planet is facing today”. She explains that good leadership will always be the driving force behind a successful organization. Sh

Tomell Ceasar is the Group Head of Ethics and Compliance at Careem (An Uber Company). He is one of the founders of the Middle East and Africa Compliance Association (MEACA). This organization strives to raise awareness on business ethics and provides tools to build stronger and more responsible businesses. Essentially, they promote global regulatory compliance and effective governance in the Middle East and Africa. In this week’s episode, he explains to Tom the intricacies of practicing compliance outside the US, specifically the EAME.  Compliance Practice in the EAME Tom asks Tomell to describe what it is like practicing compliance in EAME. Tomell responds that it's difficult to make broad generalizations on compliance region-wide since the EAME is such a huge territory. Compliance is a “Western value in terms of the way one approaches international business”, Tomell remarks, so adoption would take some time. However, appreciation of compliance roles and professionals grew exponentially over the past decade

Mollie Nichols is the co-founder and CEO at Redgrave Data, a technology solutions provider. Redgrave Data aims to re-explore how data is analyzed and utilized to drive effective business and legal solutions. Mollie’s legal career spans 3 decades; her mission, she tells Tom Fox, is to provide services at the intersection of law, technology, and science. She and Tom discuss her company, as well as the importance of data governance and ESG.  Technology Helps Her stint as assistant to the Texas Attorney General in the late 1990s aroused Mollie’s interest in how data and technology could impact the practice of law. Mollie found an analytics tool that did exactly what they needed to have a breakthrough in the investigation. She remarks, “For me, it was like an ‘Aha!’ moment that showed how powerful technology could be in the practice of law. I literally changed my career at that moment in time, to focus on technology and how it could help clients deal with legal matters.”  Automating Regulatory Processes Tom asks

Connor Borrego is the Chief Executive Officer at Emergent Digital. He is an expert in data warehousing, artificial intelligence, and business applications, with over 10 years of experience in the digital marketing industry. “The highlight of my career was landing at Google, where I did a two-year stint coaching startups that have raised between $5 and $50 million on how to profitably use Google Ads to grow their business,” he tells Tom Fox. Currently, he is building a Web 3.0-powered productivity and growth marketing tool for content creators to help them fully own the value of their first-party data. He joins Tom on this week’s show to explore the world of NFTs, Web 3.0, what it means for business professionals, and how Emergent Digital handles the changing technological landscape.   What is Web 3.0  Connor explains that Web 3.0 is the next iteration of the internet and online technologies. To fully understand Web 3.0, you should first understand Web 1.0 and 2.0, he tells Tom. Web 1.0 is the ‘read and post

James Shannon is the founder and CEO of Xone, a mixed reality platform that makes it easy to build, share and interact inside virtual worlds. Their mission is to create a bridge into the metaverse using familiar social media interfaces and immersive environments, to onboard creators into Web 3.0. He and Tom Fox talk about Xone, and its place in the current technological sphere and metaverse.  Defining Web 3.0 Terminology  James defines key Web 3.0 terms, including NFT, metaverse, and augmented reality social media platforms. NFTs or non-fungible tokens are attached to digital assets to make them scarce using blockchain technology. The metaverse, he says, is “an interconnected series of virtual worlds that can be accessed through mixed reality devices and blockchain technology”. He explains that “augmented reality is overlaying digital information on top of the physical world”. Thus augmented reality social media will be a combination of augmented reality and social media interfaces.  Bridging the Gap Tom as

Jared Connors and Daniel Zamora join Tom Fox in the final episode of the Supply Chain and ESG – What You Need to Know series, to discuss how market expectations have evolved with regards to due diligence in the responsible sourcing field. Due diligence used to be a data collection exercise where you get transparency into your supply chain, but now it's all about what you do with that information after you collect data - how a company can move from being reactive to being proactive. The first step to making this move is collecting data more efficiently; this allows you to have the resources in place to perform risk management within your supply chain. You need to know who’s on your supply chain, and you need to have a specific program in place to identify the risks of smelters. Under the Biden administration, there has been a major focus on critical minerals when it comes to sanctions and regulations. Critical minerals are not specifically tied to the Dodd-Frank Act, but this focus has emphasized to stakehol

In part 4 of the Supply Chain and ESG - What You Need to Know series,Tom Fox is joined by Devin O’Herron and Jared Connors of Assent to discuss Scope 3 emissions reporting as the key to disclosure success. They talk about the importance of accounting for Scope 3 in your emissions strategy. There are three scope levels within the emissions reporting strategy: Scope 1 refers to things like your vehicle or things you’re doing around your facility; Scope 2 is the purchased heat or electricity powering your facility; and Scope 3 is all those variables outside your four walls. The most important aspect of Scope 3 is purchased goods. This has a large impact on organizations that may not necessarily take in raw materials and directly manufacture those raw materials into a finished good. The supply chain is a very significant factor to consider when coming up with the emissions strategy as a company. A recent study found that Scope 3 emissions are typically 11 times larger than an organization's Scope 1 and 2 emissi