Innovation In Compliance With Tom Fox

Welcome to a special five-part podcast series on Operationalizing Your Compliance Program, sponsored by Broadcat LLC. Over this series, we consider a variety of ways to more fully operationalize your compliance regime, including the design and effectiveness of your communications, why the operationalization of compliance is a team sport, why simply data is not the answer and how to avoid being overwhelmed. In our Part 5 conclusion, I am joined by Taylor Edwards to discuss how compliance professionals can prevent from being overwhelmed by all of ‘this’. Highlights from this episode include: ·      Unpack your program through critical examination.  ·      Know your history and understand how you got where you are.  ·      Face data but do not be paralyzed by it. .  ·      It’s about being real and accountable.  For more information go to TheBroadcat.com

Welcome to a special five-part podcast series on Operationalizing Your Compliance Program, sponsored by Broadcat LLC. Over this series, we consider a variety of ways to more fully operationalize your compliance regime, including the design and effectiveness of your communications, why the operationalization of compliance is a team sport, why simply data is not the answer and how to avoid being overwhelmed. In Part 4, I am joined by Alex Klingelberger, CEO at Broadcat where we take a deep dive into effectiveness. Highlights from this episode include: ·      Compliance training must stay away from patronizing training material.  ·      The DOJ pronouncements on clawbacks puts the pressure on senior management.  ·      Bilateral communications is a critical component of a best practices compliance program.  ·      Compliance engagement is more than between your compliance function and employees. It is when employees engage each other about compliance topics as well.  For more information go to TheBroadcat.com

Welcome to a special five-part podcast series on Operationalizing Your Compliance Program, sponsored by Broadcat LLC. Over this series, we consider a variety of ways to more fully operationalize your compliance regime, including the design and effectiveness of your communications, why the operationalization of compliance is a team sport, why simply data is not the answer and how to avoid being overwhelmed. In Part 3, I am joined by Jaycee Dempsey to discuss operationalizing your compliance program through employee engagement and participation.  Highlights from this episode include: ·      Compliance is a team sport.  ·      The DOJ pronouncements on clawbacks puts the pressure on senior management.  ·      Middle managers is where the rubber meets the road.  ·      Document Document Document For more information go to TheBroadcat.com

Tom’s guest on this week’s episode of Innovation in Compliance, Richard Blundell, discusses the risks and opportunities associated with growth in the insurance industry. They talk about how to finance a company's growth by understanding its risks. Business financing is trending towards sustainability, and Tom and Richard explore how companies can access capital by implementing sustainable practices and strategies. A global environmental services and technology consultant with over 35 years of experience, Richard Blundell has extensive experience in senior executive management and consulting. Mergers and acquisitions, corporate and market development, and operations management are among his areas of expertise. His experience includes launching new businesses and managing growth-stage businesses around the world. He is also an advisor to the Prince of Wales Accounting for Sustainability charity. Here are some key points Tom and Richard talk about:  Richard talks about his professional background and current

Welcome to a special five-part podcast series on Operationalizing Your Compliance Program, sponsored by Broadcat LLC. Over this series, we consider a variety of ways to more fully operationalize your compliance regime, including the design and effectiveness of your communications, why the operationalization of compliance is a team sport, why simply data is not the answer and how to avoid being overwhelmed. In Part 2, I am joined by Jennifer May and Xinia Pirkey to consider your compliance program design.  Highlights from this episode include: ·      Your communications should resonate with your employees.  ·      Aesthetic draws an employee in but content grabs their attention.  ·      Clarity and relevance are key elements.  ·      Document Document Document For more information go to TheBroadcat.com

Welcome to a special five-part podcast series on Operationalizing Your Compliance Program, sponsored by Broadcat LLC. We consider a variety of ways to more fully operationalize your compliance regime, including the design and effectiveness of your communications, why the operationalization of compliance is a team sport, why simply data is not the answer and how to avoid being overwhelmed. In Part 1, I am joined by Jennifer May to consider what is compliance program effectiveness.  Highlights from this episode include: ·      What is and is not effectiveness? ·      Identify silos and work through them.  ·      Compliance is not a closed book test.  ·      Document Document Document For more information go to TheBroadcat.com

On this week’s episode, Tom’s guest Avi Singer talks about how to make it easier for employees to understand and complete compliance training. Compliance training refers to the process of educating employees on laws, regulations, and company policies that apply to their day-to-day job responsibilities. The goal is for everyone in an organization to have compliance training, and for it to be frictionless for employees to access and complete.  Avi Singer is the founder and CEO of Showd.me, a company that is helping organizations provide remote and on-demand compliance training solutions, specifically in the healthcare space. He is extremely passionate about highlighting the importance of compliance training, noting that it is often required in order for organizations to comply with regulations. He is described by his colleagues as a “bright professional who can understand complex business solutions and offer creative solutions to problems.”  Here are some key points Tom and Avi talk about: Avi explains how h

Tom’s guest in this episode of Innovation In Compliance is Dale Waterman, who popularized the phrase “data sovereignty” in the compliance space. The sovereignty of data, or data sovereignty, is the idea that the laws of the country where the organization is based still apply to the data regardless of where it moves across borders. He explains that both cloud computing and the Fourth Industrial Revolution technologies like AI and IoT drove the data sovereignty movement.  Dale Waterman is a Managing Director of Breakwater Solutions, a consulting firm with a focus on global data privacy, cybersecurity, information governance, and investigations. He is passionate about helping organizations implement digital transformation objectives by assessing and managing legal, regulatory, and compliance challenges. He helps organizations collect, use, manage and protect personal data in a pragmatic and compliant manner that enables data-driven business strategies.  Here are some key points Tom and Dale talk about:  Dale

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