Today’s guests are Jon Feig and Andy Reisman, who both work in the Integrity section of Ernst & Young. They are part of a group that published an article in Fraud Magazine entitled: What's your integrity agenda? Bridge the gap between intentions and behavior, which was an astounding piece in the area of innovation and compliance. What is integrity in an organization? Why do companies need to confront integrity risks directly? Andy defines integrity around actions: bridging the gap between th...
Nov 13, 2018•20 min•Ep. 47
We're midway through Tom's five-part series that explores innovation in the compliance function. In today's episode, he considers how design thinking can help Chief Compliance Officers create more robust compliance programs that will become deeply rooted in the company's core.In a recent Harvard Business Review (HBR) article, Jon Kolko discussed how design thinking can bring innovation into a compliance program. The article, “Design Thinking Comes of Age," talked about how “the approach, once us...
Nov 07, 2018•9 min•Ep. 44
What if you could create a team that would dramatically improve your company's forecasting ability? But to do so, you must expose those professional corporate forecasters' unreliability. Would you do it? Here for Part 2 of the five-part Innovation in Compliance series, Tom shares his insight into "superforecasting" and its role in compliance functions. Forecasting is the predictive capability organizations use to anticipate or enhance outcomes. The new "superforecasting" movement, led by Philip ...
Nov 06, 2018•10 min•Ep. 43
What is the intersection of innovation in your compliance program and the requirements of an effective compliance program? Today, Tom Fox continues his 5-part series on the front lines of compliance with Hallmark 10 of the Ten Hallmarks of an Effective Compliance Program.Hallmark 10 states that: “A good compliance program should constantly evolve. A company’s business changes over time, as do the environments in which it operates, the nature of its customers, the laws that govern its actions, an...
Nov 05, 2018•8 min•Ep. 45
So far in this 5-part series, we’ve dived deep into the different aspects of ‘front line’ compliance. For the final episode, Tom discusses the process of innovation itself. In an article in the MIT Sloan Management Review, entitled “Finding a Lower-Risk Path to High-Impact Innovations," authors Joseph V. Sinfield and Freddy Solis came up with a different method to view the innovation process. They call it the ‘Lily Pad’ approach, and Tom breaks down some interesting ways to apply it.Tom begins w...
Nov 05, 2018•9 min•Ep. 46
This week, Tom begins a five-part series on innovation in the compliance function. Seeing as the compliance space is in constant evolution, now is a good time to talk about some innovations and how companies can implement them in their own compliance programs. Today, Tom shares his insight on agile innovation methods that you can consider for your compliance program.In a Harvard Business Review (HBR) article entitled, “Embracing Agile,” authored by Darrell K. Rigby, Jeff Sutherland and Hirotaka ...
Nov 05, 2018•10 min•Ep. 42
What happens when a compliance program gets lost in translation? Or worse, what if you translate your compliance program but it's still missing important information and details? Carlos Ayres, Founding Partner at Maeda, Ayres & Sarubbi Advogados, works with compliance, investigations, and government enforcement to implement and enhance their compliance programs and anti-corruption measures. Tom and Carlos discuss the importance of ‘tropicalizing’ your compliance program and how it benefits t...
Oct 30, 2018•18 min•Ep. 41
We know what a bribe is and what to do to avoid it, but bribery often takes many forms. If that's the case, how can you prepare employees to identify and address risks that aren't presented in black and white? Join Tom Fox and SAI Vice President of Learning, Rebecca Turco, as they discuss compliance training solutions. They talk about some of Rebecca's best practices in compliance and ethics training, along with other trends in learning. Finding effective ways to target users with personalized t...
Oct 23, 2018•24 min•Ep. 40
Corporate training programs are a great investment. They’re designed to address specific needs to improve the organization and help minimize compliance issues. But given the number of employees and hours it takes to fulfill these requirements, it’s also a hefty expense. How can companies invest in such programs and keep their stakeholders happy? Join Tom Fox and Shawn Rogers as they talk about corporate governance and how it can streamline corporate training protocols.What inspired Shawn to inte...
Oct 16, 2018•19 min•Ep. 39
Today’s episode focuses on the measurability of KPIs in organizational justice. Tom is joined by Philip Winterburn, Chief Product Officer at Convercent. Together, they dive deep into fairness, using surveys to test the ethical health of an organization, and the value of benchmarking. Organizational justice is not just about procedures, it goes beyond the law. It’s about how we treat employees throughout their employment. Fairness is when the hierarchy doesn’t affect the consequences of unethical...
Oct 09, 2018•29 min•Ep. 38
What happens when you acquire or merge with a company with FCPA violations? What are the risks that come from doing so? Eric Feldman, Senior Vice President of Affiliated Monitors, Inc.™, joins Tom to talk about mergers and acquisitions. They discuss the role that the pre-acquisition and post-acquisition phases play in integrating the target company’s systems and culture into your own company.
Oct 02, 2018•23 min•Ep. 37
Your suppliers aren’t the only risk for your company. When was the last time you investigated your customers? There’s an estimated $800 billion to $2 trillion dollars worth of laundered money circulating in the U.S., and it will only get worse unless better guidelines and fail-safes are in place. Jane Jee joins Tom to discuss the importance of customer due diligence and beneficial ownership regulations in corporate compliance.
Sep 25, 2018•23 min•Ep. 36
Reporting a compliance infraction might sound easy until you’re the one who needs to make the call. Today, Tom and Keturah Pestel share an insightful conversation on the value of proactive internal reporting. Keturah is the Code of Conduct Program Manager for Thrivent’s Business Ethics Office. She is also participating Converge18 as one of the Breakout Speakers.
Sep 18, 2018•15 min•Ep. 35
Blockchain technology stretches across a wide selection of corporate industries. This ever-evolving digital ledger chronologically and publicly records transactions, and now has anti-corruption compliance professionals asking how blockchain fits into a broader corporate compliance strategy. Tom welcomes two thought leaders from Ernst and Young: Paul Brody and Alexander Perry. The three of them discuss the power of blockchains and how they can be effectively implemented in a compliance practice.
Sep 11, 2018•17 min•Ep. 34
Conflict of interest can turn into a tricky conversation, especially with the steady rise of independent contractors working for multiple clients at a time. Today’s guest, David Bunker, helps us understand the ‘conflict of interest’ risk management process. David is one of the top compliance professionals around and serves as the Compliance Officer for Vulcan Inc. Tom and David discuss how to best handle these kinds of risks and what independent gig economy contractors can do for your organizati...
Sep 04, 2018•10 min•Ep. 33
Jared Connors is a subject matter expert on Corporate Social Responsibility and Compliance at Assent, an innovative company that helps businesses to link their CSR and Compliance departments to ensure a strong and ethical supply chain. In turn, this also creates a more efficient business and gives companies and competitive advantage in the marketplace.
Aug 28, 2018•25 min•Ep. 32
Reporting compliance issues can be a complex problem for both frontline employees and compliance practitioners. In today’s episode, Tom talks with Philip Winterburn, the co-founder and Chief Product Officer at Convercent – a Denver, Colorado-based compliance software company.
Aug 21, 2018•12 min•Ep. 31
Ellen Hunt in the Chief Audit Executive and Ethics and Compliance Officer at AARP. Her experience in the industry is impressive: running departments, reporting to governance, handling investigations, designing education, and more. She’s been featured in numerous Ethics and Compliance publications and she regularly contributes to others. Ellen will be presenting at Converge18, and today’s episode is a preview of the amazing content she has to share.
Aug 14, 2018•17 min•Ep. 30
Is your compliance function ready for the digital future? In the final episode of this week’s 5-part Sherlock Holmes and Innovation and Compliance crossover, Tom highlights this critical question that every compliance profession should be asking themselves.
Aug 06, 2018•8 min•Ep. 29
Do you speak data? Does your boss? In part three of the Sherlock Holmes and compliance 5-part series, Tom discusses the role of the corporate compliance officer in translating data for decision makers and provides some tips for making sure you’re understood by those who are less data-savvy.
Aug 06, 2018•9 min•Ep. 27
Elementary, my dear Watson! In the first episode of this Sherlock Holmes themed 5-part series, Tom reviews how a CCO or compliance practitioner can develop a digital strategy to help increase the value proposition for a corporate compliance program.
Aug 06, 2018•8 min•Ep. 25
Have you even gotten the class "English, please!" when talking about analytics? This episode is for you. In the 4th episode of our weeklong Sherlock Holmes series, Tom talks about various issues around interpreting data in the compliance space.
Aug 06, 2018•8 min•Ep. 28
The best things come in pairs. In part two of this week’s 5-part series – centered on the Sherlock Holmes stories of Sir Arthur Conan Doyle - Tom talks about the innovative use of the digital twin concept. This model enables compliance professionals to test and predict a wide array of issues in order to beef up prevention efforts and better understand critical risk points.
Aug 06, 2018•10 min•Ep. 26
Live from this year’s Podcast Movement Conference, Tom covers his two favorite things: innovation in compliance and the 2017 World Series winning team, the Houston Astros. As a case study on the uses of data and analytics from a compliance perspective, Tom talks about the Astro’s Big Data approach to team management as well as other important compliance issues of the day.
Jul 31, 2018•22 min•Ep. 24
These days, it takes more than a Google search to find the dirt you’re looking for. Tom talks with Jane Jee, the CEO of Kompli-Global, about some of their innovative due diligence reporting products. They discuss what the future of DD needs to look like to keep up with the sophisticated money launders of the digital era.
Jul 24, 2018•17 min•Ep. 23
Despite their reputation for inevitable shrinkage, the cash register is no match for a smart machine. In this episode, anti-fraud, anti- corruption and compliance analytics expert Vince Walden returns to the Innovation and Compliance Podcast to talk about his latest article in Fraud Magazine titled ‘Machine learning’ fights fraud behind cash registers.
Jul 17, 2018•19 min•Ep. 22
Everyone should see a doctor for a check-up, even the largest and most far-reaching companies. Today, Tom talks with Brian Alster, the Global Head of Compliance & Supply Products at Dun & Bradstreet about their new, innovative technique called the supply chain health check.
Jul 10, 2018•21 min•Ep. 21
Vince Walden is a partner at Ernst & Young, and he’s passionate about anti-fraud, anti-corruption and compliance-related analytics and innovations. Today, Vince and Tom talk about some of the innovative strategies he’s developing for General Electric. From training and retention to automation and relevance, accurately observing behavior through data analytics is the key to compliance.
Jul 05, 2018•23 min•Ep. 20
While focusing on new tech, disruption, and regulation change, training often gets left behind in the compliance and innovation conversation. To bring training back to the forefront of the conversation is Shawn Rogers, Lead Counsel, Compliance Training and Communications at General Motors who chats with Tom about GM’s innovative training methodology.
Jun 26, 2018•35 min•Ep. 19
Building and operating an effective compliance program is a tall order if you don’t have the information or the tools – and people – to make it happen. Today, Tom’s talks with Greg Radner, the chief marketing officer of RANE (Risk Assistance Network + Exchange), about his company’s innovative compliance assistance solutions.
Jun 19, 2018•21 min•Ep. 18
