Innovation In Compliance With Tom Fox

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

In part 3 of the Supply Chain and ESG - What You Need to Know series, Cally Edgren and Devin O’Herron join Tom Fox to discuss product compliance and sustainability. They explore how the two worlds are starting to intersect. This series is sponsored by Assent Compliance. Making sure products meet regulatory requirements is what product compliance is all about. In recent years, the requirements have been changing. There used to be a focus on safety features like mechanical and electrical safety, but things changed with the RoHS Directive in 2002. That directive was meant to make sure electronic waste from third-world countries was safe. It was one of the first times a regulatory rule had more to do with sustainability than traditional product safety. Manufacturers need to understand that their customers are no longer just concerned with what they hold in their hands at the end of the process - they want to make sure that their suppliers are using responsible processes. The two worlds of operations compliance

Tom Fox welcomes Travis Miller and Jamie Wallisch to part 2 of the Supply Chain and ESG - What You Need to Know podcast series, sponsored by Assent. In this episode, they talk about the Uyghur Forced Labor Prevention Act (UFLPA), and how it impacts the way companies do business across the supply chain. The UFLPA is a United States federal law that stops companies from importing products made with forced labor in the Xinjiang region of China, or any other part of China with forced labor by workers or other minorities. This law is important because it makes sure that companies are aware of what is happening and take steps to stop it. The UFLPA makes companies use processes that already exist in their business. To follow the UFLPA, your company would need to have a compliance program in place. Jamie also explains how regulators could assess companies' compliance programs using the UFLPA.  For ESG to succeed, ESG is important for companies to do well. Each company out there affects more than just the people who

James Calder and Jared Connors are today’s guests on this premier episode of the 5-part series, Supply Chain and ESG - What You Need to Know. This series is sponsored by Assent. In this conversation, they chat with Tom Fox about how ESG impacts a company's performance presently and in the future. Before the pandemic, many companies were very dependent on global supply chains. But now that the pandemic has started, companies need to be more resilient and focus on environmental resilience. This means that they need to be careful about where they get their supplies from because there is a risk of disruptions. Additionally, companies that can't demonstrate that their products don't violate human rights are at a disadvantage. Without evidence that they are adhering to labor laws, they could lose business to their competitors, Jared tells Tom.  ESG can help companies save money and be more efficient. "When you think about that in the context of labor… if you're helping the well-being of these organizations or the

Simon Severino studied philosophy at the University of Vienna and later became a business coach at a global consultancy. Two decades of experience led him to found his own consulting firm, through which he now advises business leaders about market strategy via his Strategy SprintsTM Method. He and Tom Fox explore his signature methodology and how it translates into creating value in the compliance space. The Problem of Strategy Simon tells Tom that the problem was how to create strategy. There are tools to analyze the market and figure out how to enter it. However, the tools to build an organized, aligned team that gets feedback quickly were missing. Since the executive team is removed from the market, they don't have closed loops. "For the last 15 years, I've been obsessed with just building that [tool],” Simon comments. “How can an executive team have an agile way of doing things so it feels like a sports team? That's what I've been building. That's now the Strategy SprintsTM Method and the Strategy Sprint

George Serafeim is a Professor of Business Administration at Harvard Business School and author of the book, Profits + Purpose, How Business Can Uplift The World. His contribution to the compliance space is enviable, including advising many compliance professionals. He and Tom Fox discuss his new book and explore how it benefits businesses and compliance professionals.    A Strong Sense of Purpose Tom asks George why he wrote the book, Profits + Purpose. George says that he noticed a trend that students, when he asked them why they chose to study business, often replied: “because of money”. In reality, however, most people venture into business because they have an interesting idea about a cool product they're passionate about. “Most people that go into business have a strong sense of purpose,” he tells Tom; “it is something I’ve seen in my students over time that has ended up doing incredible things.” Purpose-driven business leaders often create incredible and profitable organizations. It’s important to be p

Will Robinson is a former investment banker, who now serves as the CEO at Encapture, a 20-year-old document management services company that pivoted into a SaaS product company in 2019. Tom Fox welcomes him to this week’s show to discuss how Encapture helps its customers attain data integrity through intelligent document processing. Intelligent Document Processing Encapture is a software company with a unique process called “intelligent document processing”. Will explains that this process makes it easy for organizations of varying sizes to collect incoming documents as a part of a business process. “Encapture’s machine learning can read the document and discern what type of document it is, then the system can extract data out of these documents and utilize the data for a variety of purposes,” he says. It can transfer data to another system as well as compare data across multiple documents. “We can automate a bunch of reporting on the compliance front,” he adds.  Compliance and Intelligent Document Processi

Ty Francis is a renowned compliance leader and the Chief Advisory Officer at LRN; he leads the company’s worldwide ethics and compliance consulting, ESG, and community outreach strategy. Tom Fox welcomes him to this week’s episode of Innovation In Compliance to discuss LRN’s new report, Assessing Corporate Culture.  The Genesis of the Assessing Corporate Culture Report Tom asks Ty about the genesis of the LRN report. This is the second report LRN produced; the first one was about activating culture and ethics in the boardroom. Their previous research led the team at LRN to realize that most corporate boards did not understand the culture. Ty says, “Over the last 10 years, culture is so high on those lists, but when you look further into the survey and ask them what they’ve done to measure this culture, it's nonexistent.” Therefore, LRN sought to discover the general opinion on culture and ethics compliance and provide a roadmap on how to activate these skills within a company.  Roadmap for Building Corporat