Show Notes for Episode 46, for the week ending March 31, the On the Road to Prague Edition
In this episode, Jay and I have a wide-ranging discussion on operationalizing compliance through business processes. We discuss:
Jay Rosen new contact information:
Jay Rosen, CCEP
Vice President, Business Development
Monitoring Specialist
Affiliated Monitors, Inc.
Mobile (310) 729-6746
Toll Free (866)-201-0903
In this episode I visit with Brandon Essig, a former DOJ prosecutor when the Yates Memo was released. He discusses the impact of the Yates Memo inside the DOJ and the triage that prosecutors use on cases in response. For Brandon's blog post on the topic on Linkedin, click here.
In this episode, we take a look at a recent speech given by NY Fed Chairman William Dudley in London where he addressed improving corporate culture. Dudley provided three recommended steps. First, a bank must decide on its purpose and core values—or, as Dudley put it, “What are you for?” Second, after this identification of purposes and values, you can measure how well the workforce is striving to achieve that purpose. Third a bank can set its incentives so employees work harder to achieve those goals. As usual, Matt and I take a deep dive into the issue of enhancing corporate culture. For more on the speech, see Matt's blog post on Radical Compliance entitled, "Great Speech About Improving Corporate Culture".
In this episode, I visit with Erica Salmon Bryne, EVP at Ethisphere on the 2017 World's Most Ethical Companies honorees. Erica goes into how the corporate compliance programs are evaluated, what the companies disclose to Ethisphere and how the winners consistently demonstrate compliance is good for business. Check out more information on Ethisphere's site by clicking here.
In this episode, Jay and I have a wide-ranging discussion on why good compliance and is good for business. We discuss:
Jay Rosen new contact information:
Jay Rosen, CCEP
Vice President, Business Development
Monitoring Specialist
Affiliated Monitors, Inc.
Mobile (310) 729-6746
Toll Free (866)-201-0903
This episode is dedicated to the Justice Department’s Evaluation of Corporate Compliance Programs, which was released in February. In this episode, Jay Rosen and Jonathan Armstrong provide next insight. Listen to last week’s Episode 8 for commentary from Matt Kelly and Mike Volkov.
For Jay Rosen’s post see, Still in the Enforcement Business and Evaluation of Corporate Compliance Programs
For the Cordery Compliance article see the following, US Department of Justice on Evaluation of Corporate Compliance : how does it compare to UK Bribery Act 2010?
For Mike Volkov’s posts on the Evaluation see the following:
Under the Dark of Night, DOJ Moves the Compliance Ball;
DOJ’s Compliance Program Evaluation: the Role of the CCO;
DOJ Compliance Expectations Concerning Training, Internal Investigations and Audits
For Tom Fox’s posts on these topics see the following:
New DOJ Evaluation-Valuable Document for the Compliance Practitioner, Part I; and
New DOJ Evaluation-Valuable Document for the Compliance Practitioner,
For Matt Kelly’s posts see the following:
Fresh FCPA Guidance from the Justice Department; and
Deeper Dive into new DoJ Compliance Guidance
The members of the Everything Compliance panel include:
In this episode I visit with Susan Divers from LRN on the firm's 2016 Ethics and Compliance Program Effectiveness Report. Highlights include:Why did LRN do the report? What did it hope to determine? A summarization of its key findings. Why a focus on structural elements of a compliance program is no longer sufficient. Why a check the box analysis not adequate for judging program effectiveness. Finally the new focus on on ethical culture and behavior and why answering questions around “level of trust” is so critical. For a full copy of the report, you can download it here.
In this episode Kristy Grant-Hart, author of How to be a Wildly Successful Compliance Officer joins me to debate the merits of the ISO 37001 certification. I think the process is worse than useless while Kristy believes they are a step forward.
For our additional written commentary on this issues, see Kristy's post The top five myths about ISO 37001 exposed.
For my views in opposition, see ENI Receives an ISO 37001 Certification and ENI CEO Charged with Corruption
In this episode, Jay and I have a wide-ranging discussion on the intersection of culture and ethics. We discuss:
Jay Rosen new contact information:
Jay Rosen, CCEP
Vice President, Business Development
Monitoring Specialist
Affiliated Monitors, Inc.
Mobile (310) 729-6746
Toll Free (866)-201-0903
This episode is dedicated to the Justice Department’s Evaluation of Corporate Compliance Programs, which was released in February. In this episode, Matt Kelly and Mike Volkov provide next insight. Next week will be views from Jay Rosen and Jonathan Armstrong.
For Matt Kelly’s posts see the following:
Fresh FCPA Guidance from the Justice Department; and
Deeper Dive into new DoJ Compliance Guidance
For Mike Volkov’s posts on the Evaluation see the following:
Under the Dark of Night, DOJ Moves the Compliance Ball;
DOJ’s Compliance Program Evaluation: the Role of the CCO;
DOJ Compliance Expectations Concerning Training, Internal Investigations and Audits
For Tom Fox’s posts on these topics see the following:
New DOJ Evaluation-Valuable Document for the Compliance Practitioner, Part I; and
New DOJ Evaluation-Valuable Document for the Compliance Practitioner,
For Jay Rosen’s post see, Still in the Enforcement Business and Evaluation of Corporate Compliance Programs
The members of the Everything Compliance panel include:
In this episode, Matt Kelly and I take a deep dive into a dramatic 48 hours in the life of the FCPA last week, which portends the trend of continued FCPA enforcement. It included the announcement by Kevin Blanco, acting assistant attorney general for the Criminal Division, who speaking at the American Bar Association’s annual white collar crime conference of the extension of the FCPA Pilot Program; the retort by Secretary of State Rex Tillerson to President Trump on the power of the FCPA for US companies doing business overseas, the Justice Department brief and oral argument in the Hoskins appeal where the DOJ continued to press for an expansive view of FCPA jurisdiction as originally preferred by the Obama DOJ; and finally we discuss the summary of all US attorneys by the Trump administration and Matt's proffers an interesting theory on why Preet Bharara was fired.
For more reading, see Matt's piece on Radicalcomplinance.com entitled, "FCPA: Pilot Program Extended, and Much More".
In this episode, I visit with Morrison and Forrester partner James Koukios, on the firm's publication "Top Ten International Anti-Corruption Developments for January 2017.
In this episode, Jay Rosen reports live from the ABA White Collar Conference at the Fontainebleau Hotel in Miami. In addition to providing his insights on the highlights of the conference and the buzz around the new Justice Department Evaluation of Corporate Compliance Programs document released in February, we discuss:
Jay Rosen new contact information:
Jay Rosen, CCEP
Vice President, Business Development
Monitoring Specialist
Affiliated Monitors, Inc.
Mobile (310) 729-6746
Toll Free (866)-201-0903
In this episode, I visit with New Yorker reporter Adam Davidson, who penned an article in the New Yorker which looked at a hotel deal between the Trump organization and a family of Politically Exposed Persons (PEPs) in Azerbaijan. Davidson talks about what intrigued him about the story, his reporting and most troubling, the PEPs alleged ties to funding from the Iranian Revolutionary Guard. It is a cautionary tale about major construction project in countries with a high perception of corruption, the need to understand who your business partners are and the source of their funding. The article is Donald Trump's Worst Deal.
Jay Rosen and I dedicate the entire episode to the FUBAR surrounding the Oscar ceremony where the Best Picture award was given to the wrong picture. We consider the control failures around the incident, look at it from a compliance program perspective, consider the failures in light of the new Justice Department Evaluation of Corporate Compliance Programs and conclude with the lessons to be learned for the compliance practitioner from the entire fiasco.
For some additional reading see, Jay’s piece on Linkedin, “David vs. Goliath; Ethics & Compliance Lessons to be Learned from the Oscars” and Matt Kelly look at the control failures and other issues in his blog post on Radical Compliance, “And the Oscar for Control Failures Goes to…”
Jay Rosen new contact information:
Jay Rosen, CCEP
Vice President, Business Development
Monitoring Specialist
Affiliated Monitors, Inc.
Mobile (310) 729-6746
Toll Free (866)-201-0903
One event which promises to be most excellent is the upcoming Third-Party Risk Management & Oversight Summit, on March 20 & 21 at the Princeton Club in New York City. I will be attending and speaking at the event and I hope that you can join me. I have had the previously had the opportunity to do a podcast with the Event Chair, Melissa Evans, Lead Quality Systems, Supply Chain Management, Royal Caribbean Cruises (Episode 307). Today I visit with Forrest Deegan, the Chief Ethics and Compliance Officer for Abercrombie & Fitch.
Forrest detailed How to Perform an ROI analysis of a third-party program for both the sales and supply chain side of things, drawing from his experience at A&F. He related some of the costs for getting it wrong in the short-term, along with smart money investments and cost-cutting ideas and then provided some insight into the cost-benefit analysis on A&F third-party programs.
The best part is listeners to this podcast will receive a discount to the event. You can receive a 15% discount off the regular price by entering the Code CMP 161. For more information on the event, check out the website by clicking here.
In this special live, on location episode, Jay Rosen and I discuss the recent SCCE 2017 Utilities and Energy Conference held in Washington DC. He hit on the highlights, topics, vendors and key note speakers. We also discuss the impact of the recently released DOJ Evaluation of Corporate Compliance Programs. Finally we have a guest appearance by Jim Moore, recently installed as SVP at Trust Point International. For a copy of the Evaluation of Corporate Compliance Programs, click here. For my two blog posts on the Evaluation, Part I and Part I
In this episode I visit with Morrison Forrester partner James Koukios on the firm's December newsletter on the Top Ten International Anti-Corruption Developments for December 2016. James and I visit about some of the lesser known highlights from the month of December 2016 in the global enforcement of anti-corruption.
This episode is dedicated to the chaotic (at best) first three weeks of the Trump administration.
For the Cordery Compliance client alert on Privacy Shield, see here
For Jay’s post see, Where Do Politics End and Ethics & Compliance Begin?
For Matt Kelly’s posts see the following:
Compliance in the Trump Era: More Markers Placed
Five Questions for SEC Nominee Jay Clayton
Yes Government Ethics is Happening
Dodd-Frank Reform Starts Coming into View
For Tom Fox’s posts on these topics see the following:
The Trump Administration-Kaos is Bad for Business
The Trump Administration-Part II, Failures in Leadership and Management
The Trump Administration-Part III-Preparing for a Catastrophe
The Trump Administration-Part IV-the Business Response
The members of the Everything Compliance panel include:
In this episode, Matt and I take a look at the sorry story of Chris Correa, the St. Louis Cardinal executive convicted of hacking into the Houston Astros computer system, which expanded last month when Federal Judge Lynn Hughes unsealed details about the extent of the illegal conduct. For all his efforts, Correa was severely punished by Judge Hughes at this sentencing. Hughes accepted the US government’s recommendation in sentencing Correa to 46 months of incarceration and fining him some $300,000. Correa was also banned from Major League Baseball (MLB) for life by Commissioner Rob Manfred.
Matt and I have both blogged on this matter. Matt takes a look at some of the lessons to be garnered by the compliance professional in his post, Two Compliance Lessons from the Baseball World. I delved into the facts to mine some interesting tidbits and consider how to compensate a business when you have stolen their IP, in blog post Of Greek Gods and Data Breaches.
Rather amazingly the Greek gods make an appearance proving once again that the fall of man is always related to hubris.
Show Notes for Episode 6, the Rolls-Royce Global Corruption Enforcement Action
This episode is dedicated exclusively to the Rolls-Royce global corruption enforcement action.
For the Cordery Compliance client alert on Rolls-Royce, see Rolls-Royce case sends a strong signal
For Jay’s post on Rolls-Royce, see Rolls-Royce Takes Global Anti-Corruption to New International Heights + Potential Next Steps for a CCO Whose Company has Bid/Worked with Rolls-Royce
For Mike Volkov’s post on Rolls-Royce, see Serious Fraud Office Makes Big Splash with UK Bribery Act Resolution with Rolls Royce
For Tom Fox’s posts on these topics see the following:
Rants will return next week.
The members of the Everything Compliance panel include:
In this episode I visit with Jonathan Armstrong about the UK portion of the Rolls-Royce global anti-corruption settlement. We discuss the UK Deferred Prosecution Agreement, how it came about, what it might mean for the Serious Fraud Office going forward and how the judicial review of the UK DPA process adds a level of transparency not seen in the United States DPA practice.
For more on the Rolls-Royce settlement see:
Show Notes for Episode 5, Year End Review, Part II
We turn to the 2016 year in review, in this Part II of a two-part series.
Jonathan Armstrong leads a discussion on Privacy Shield, information and data privacy issues the past year.
Mike Volkov relates what he saw as the top enforcement highlights from 2016, the block-buster year for FCPA fines and penalties and the growing trend of globalization of enforcement. Matt Kelly discusses the arrival of front pay, and general escalation of retaliation risk for company’s vis-a-vis whistleblowers, ideas on auditing corporate culture and what types of data and information should go on a compliance dashboard.
For Matt’s posts on these topics see the following:
Rants will return next week.
The members of the Everything Compliance panel include:
In this episode Matt Kelly and I take a deep dive into a couple of recent SEC enforcement actions. The first involved L-3 Technologies and accounting irregularities. The second involves BlackRock and the continued issues around pre-taliation. We connect these enforcement actions to broader issues involving the COSO 2013 Framework, the DOJ mandated expertise in compliance, a speak-up culture and remedial actions. For additional information, check out Matt's blog posts on these topics:
Show Notes for Episode 35, week ending January 13, the Friday the 13th edition