Innovation in Compliance with Tom Fox

Welcome to this special podcast series, Integrity Matters: Assessing the Corporate Compliance Climate in 2021, sponsored by K2 Integrity. This week I visit with Bob Brenner, Co-Managing Partner and Chief Legal Officer; Snežana Gebauer, Executive Managing Director and head of U.S. Investigations and Risk Advisory, Americas. Over the week, we will consider various regulatory and enforcement issues with the incoming Biden Administration. Topics include assessing the regulatory landscape resulting from the pandemic, what companies can expect from new administration priorities, anti-bribery/anti-corruption issues and enforcement in 2021. In this Part 4, I am joined by Bob Brenner and we consider what companies can expect from the global trends impacting risk and compliance in 2021.Join us tomorrow as we conclude our five-part series by considering how your company can prepare for what is next.For more information go to the K2 Integrity website.

Welcome to this special podcast series, Integrity Matters: Assessing the Corporate Compliance Climate in 2021, sponsored by K2 Integrity. This week I visit with Bob Brenner, Co-Managing Partner and Chief Legal Officer; Snežana Gebauer, Executive Managing Director and head of U.S. Investigations and Risk Advisory, Americas. Over the week, we will consider various regulatory and enforcement issues with the incoming Biden Administration. Topics include assessing the regulatory landscape resulting from the pandemic, what companies can expect from new administration priorities, anti-bribery/anti-corruption issues and enforcement in 2021. In this Part 3, I am joined by Snežana Gebauer who discusses what companies can expect as priorities from new administration around anti-bribery and anti-corruption.Join us tomorrow as we examine global trends impacting risk and compliance in 2021.For more information go to the K2 Integrity website.

Welcome to this special podcast series, Integrity Matters: Assessing the Corporate Compliance Climate in 2021, sponsored by K2 Integrity. This week I visit with Bob Brenner, Co-Managing Partner and Chief Legal Officer; Snežana Gebauer, Executive Managing Director and head of U.S. Investigations and Risk Advisory, Americas. Over the week, we will consider various regulatory and enforcement issues with the incoming Biden Administration. Topics include assessing the regulatory landscape resulting from the pandemic, what companies can expect from new administration priorities, anti-bribery/anti-corruption issues and enforcement in 2021. In this Part 2, I am joined by Bob Brenner who discusses what companies can expect as priorities from new administration.Join us tomorrow as we examine anti-bribery and anti-corruption priorities from the incoming Biden Administration.For more information go to the K2 Integrity website.

Gary Chan is the President of Pragmatic Security at Alfizo and specializes in data protection and security. Tom Fox welcomes him onto this week's show as they discuss the ways to help businesses leverage IT departments, enable sales, and meet compliance.Why Information SecurityWhen people buy information security, Gary explains, they're not looking for someone to go in and solve every problem. Clients want to look at information security from a business perspective: how will it help them generate revenue and protect only the things the business wants to protect while saving money? Gary calls this ‘pragmatic information security’ because it delves into the why. It is an approach that helps businesses understand what the highest risks are, and how to manage those risks.Security Within Executive BranchesGary finds that even the most sophisticated Board of Directors lack a proper understanding of data protection. They are more concerned with meeting compliance and avoiding fines. “They don’t really understand what security can do for them outside of keeping them from getting hacked,” he says. Tom comments that boards consider their reputation surrounding compliance more. Gary suggests tying data protection to the issues boards are more concerned about to get them to do something about it.The Impact of COVID-19 on SecurityFrom a business perspective, Covid-19 had a large impact. Security arms of firms were shut down as security isn’t seen as something that brings in revenue, Gary remarks. He adds that people’s behavior changed and that having the majority of your employees working from home increases your business risk. COVID-19 has been a golden age for hackers because stealing is easier, and they’re less likely to get caught. However, when businesses started reopening and companies realized that turning off security tools was dangerous, they have ramped up security. This time loss increased companies’ security expenses and boosted the demand for security and data protection from more people.ResourcesAlfizoStart-Training.Alfizo.comGary Chan | LinkedIn

Welcome to this special podcast series, Integrity Matters: Assessing the Corporate Compliance Climate in 2021, sponsored by K2 Integrity. This week I visit with Bob Brenner, Co-Managing Partner and Chief Legal Officer; Snežana Gebauer, Executive Managing Director and head of U.S. Investigations and Risk Advisory, Americas. Over the week, we will consider various regulatory and enforcement issues with the incoming Biden Administration. Topics include assessing the regulatory landscape resulting from the pandemic, what companies can expect from new administration priorities, anti-bribery/anti-corruption issues and enforcement in 2021 and preparing your organization for what is next. In this Part 1, I am joined by Snežana Gebauer who assesses the regulatory landscape resulting from the pandemic.

Robert Meyers is the Channel Solutions Architect for One Identity, a software company that helps organizations establish an identity-centric security strategy. Tom Fox welcomes him to this week’s show to talk about compliance, data privacy, and employee data issues.The Role of One Identity“Most companies forget about employees, and this gets impacted by GDPR,” Robert says. His role at One Identity allows him to explain to companies where they can fit identity protections for employees. He also helps companies with their logging systems to prevent them from sending out sensitive information into their log store. Robert adds that he also works as a consultant for partners and helps with privileged access management.Data Has a Life Cycle“Data itself should have a life cycle,” Robert emphasizes. The concept of never deleting anything and keeping copies of everything is a bad idea. Data discipline and data management governance expects that you remove data at an appropriate time. Robert iterates that data privacy and data protection has to be integrated in operations because if it isn’t, it won’t be dealt with at all. In response to Tom’s question on who owns Compliance, Robert says that it has to be the Chief Operating Officer.What’s NextTom asks Robert what businesses should expect to happen around data privacy between now and 2023. Robert says that there will be more risk assessment. Most breaches conducted within organizations are internal. He advocates for greater enforcement of laws and regulations as well as more legislation. ResourcesOneIdentity.comRobert Meyers | Twitter, LinkedIn

Tom and Nick Gallo discuss The Infinite Game by Simon Sinek. The author emphasizes that the game of business is not a short game but a long one, and leaders need to play the long game in order to be successful. Nick comments that making sure that your company is working together for the betterment of your employees - not just for profit - is crucial, and a vital part of playing the long game. Tom mentions Jeff Bezos as an example of a business leader who plays the long game.Simon Sinek is an author, and inspirational speaker. He explores how leaders can inspire cooperation, trust and change.Listeners can read Nick’s notes on each book at his LinkedIn page.ResourcesTom Fox on LinkedIn | TwitterCompliancePodcastNetwork.netNick Gallo on LinkedInComplianceLine.comThe Infinite Game by Simon Sinek

Tom Fox and Nick Gallo discuss cultivating psychological safety within the workplace and innovation and growth, from Amy Edmondson’s book, The Fearless Organization. Tom expresses that a main aspect of psychological safety is creating a speak-up culture. Once your employees believe that you want them to speak up, your company can move forward. Amy Edmondson is a scholar of leadership, teaming and organizational leading. She is currently the Novartis Professor of Leadership at Harvard Business School.Listeners can read Nick’s notes on this book at his LinkedIn page.ResourcesTom Fox on LinkedIn | TwitterCompliancePodcastNetwork.netNick Gallo on LinkedInComplianceLine.comThe Fearless Organization by Amy Edmondson

In this episode of the 100 Book Challenge series, Tom Fox and Nick Gallo are talking about Erin Meyer’s book, The Culture Map. They discuss the dynamic of culture. Tom asks how a Chief Compliance Officer can communicate effectively within a multinational organization. Nick shares the eight axes that make up a culture from the book. He adds that understanding differing cultural norms and dynamics, and being able to communicate within that realm, is important for compliance practitioners. Erin Meyer is a professor at INSEAD Business, based in Paris. Her work focuses on how the world’s most successful leaders navigate cultural differences in a multicultural environment.Listeners can read Nick’s notes on this book at his LinkedIn page.ResourcesTom Fox on LinkedIn | TwitterCompliancePodcastNetwork.netNick Gallo on LinkedInComplianceLine.comThe Culture Map by Erin Meyer

Tom Fox and Nick Gallo talk about decision-making and what influences the process. Humans like to think of themselves as rational beings, but we are really emotional decision-makers who rationalize our decisions with logical arguments. Influence is also a large factor in how you make decisions, Nick adds - it’s how you get people to change their minds without coercion. Tom discusses one of his key takeaways from Cialdini, which is the theory of reciprocity, also known as reaping what you sow. The six principles of influence are: reciprocity, commitment and consistency, social proof, similarity, authority, and scarcity. Nick gives a brief definition for each principle and shares his takeaways from Cialdini. Listeners can read Nick’s notes on this book at his LinkedIn page.ResourcesTom Fox on LinkedIn | TwitterCompliancePodcastNetwork.netNick Gallo on LinkedInComplianceLine.comInfluence: The Psychology of Persuasion by Robert Cialdini