Innovation In Compliance With Tom Fox

Jag Lamba and Jared Ezzell from Certa, join Tom Fox on the Innovation In Compliance podcast to explore the essential elements of a thriving third-party risk management program. They emphasize the significance of minimizing reliance on third-party self-disclosures by utilizing technology and data. They also highlight the importance of integrating due diligence, training, and ongoing monitoring to create a comprehensive approach to risk management. The conversation extends to payment controls, charitable donations, and the integration of the program into the overall third-party risk management lifecycle.  Jag is the founder and CEO of Certa. Jared Ezzell is the Chief Customer Officer. Certa is a third-party lifecycle management platform for procurement, compliance, and ESG. Their no-code platform provides an easy and efficient way to digitize and manage the lifecycle of all suppliers, partners, and customers. Certa's automated onboarding, contract lifecycle management, and ESG management eliminate the procurem

Tom Fox’s guest in this episode of Innovation In compliance is Adrienne Bellehumeur. They discuss the significance of gap analysis in the design of internal controls, and why having a thorough understanding of design is critical to the success of gap analysis. They emphasize the importance of continuous improvement and avoiding a "pass-fail" approach to internal control programs. Adrienne also shares her five principles for creating high-value compliance programs. Adrienne Bellehumeur is the Director and Co-owner of Risk Oversight, a firm specializing in internal controls, internal audit, and compliance programs. She has written a book called The 24-Hour Rule and Other Secrets for Smarter Organizations: Including the 6 Steps of Dynamic Documentation, which is set to be published on March 7th and is geared towards managers who are seeking solutions through documentation. This book aims to provide a fun and foundational approach to documentation for the modern knowledge workforce and is the first mass-market b

What are some of the challenges facing board members in providing meaningful oversight? Christina Bresani, head of William Blair’s Corporate Advisory Team, is here to share her take. Host Tom Fox and Christina are going to delve into the current state of the corporate world, touching on the challenges faced by boards of directors. They'll also discuss the increase of unsolicited offers and the importance of being prepared for them. This is a thought-provoking conversation that will shed light on the current landscape of the corporate world. Christina Bresani is a seasoned investment banker with over 25 years of experience. She joined UBS right after graduation from Wellesley College where she studied economics and Spanish. After 20 years at UBS, she joined William Blair and currently leads the Corporate Advisory Team, a team that focuses on advising public companies on all things mergers and acquisitions. Key points you’ll hear them discuss: Christina tells Tom, “About 85% of the transactions that we're se

This week’s guests are Evgeny Likhoded, CEO and founder, and Vladimir Ershov, Head of Data Science, of Clausematch. They join Tom Fox to talk about a groundbreaking new innovation, the Digital Knowledge Graph in open source. Learn how this game-changer is revolutionizing the way compliance is managed and what it means for industries, companies, and governments around the world. Evgeny Likhoded is the CEO and founder of Clausematch, a global compliance and regulatory technology company. He started Clausematch to digitize and structure regulation and help regulators to innovate in the space. Jay has worked to solve a common problem in compliance - managing compliance documents and compliance content. He has brought all of the workflow and content management under one platform to provide compliance professionals a way to collaborate on content in real time. Vladimir Ershov is the head of Data Science at Clausematch. He has been working in the field of data science for four years and previously worked at Apple. V

Tom Fox hosts Ben Seals, CEO of Thomas Eye Group, on this episode of Innovation In Compliance. They delve into the company’s innovative approach to employee, customer, and business process experience. They also talk about how technology is changing how businesses operate and how it will impact healthcare in the future.  As the CEO of Thomas Eye Group, a full-service eye care provider, Ben Seals brings a wealth of experience to the table. With a background in operations, customer service, payor/provider contract relations, and acquisition integration, he has a diverse set of skills that he leverages to oversee the execution of the company's strategic vision. At Thomas Eye Group, the mission is to provide a lifetime of outstanding eye care, with a focus on sustainable growth that prioritizes patient care.  Here are some key points Tom and Ben discuss: Ben talks about his professional background and his current role at Thomas Eye Group. Thomas Eye Group was recently awarded with the ModMed Innovation Award,

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.