Innovation in Compliance with Tom Fox

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 integrate corporate governance into his training protocols? Required training in corporations goes beyond traditional compliance risk training programs. There is training for safety, cybersecurity, information, and lifecycle management - and the list goes on and on. As the Lead Counsel of Compliance Training and Communications at General Motors, Shawn helped devise a plan to keep the selection of programs relevant and fresh, which was no small feat.Faced with such a task, Shawn had to come up with an innovative solution. So he set up a more formalized corporate governance structure to look at required training. He and his peers assigned key players from executive and management roles to function as project heads. This allowed the different disciplines to participate in the course development process. Shawn reveals some excellent insights about the charter they set in place that lists their scope of responsibility.What should a compliance officer look for in a training vendor? What is the process when it comes to considering a training vendor? Plenty of training vendors provide services and deliver results, but that’s not all that you should consider. Beyond the service and the price tag, there are several key factors you, as a compliance officer, will need to consider. Shawn shares a holistic approach to finding the right training vendor for your company.One thing many companies don’t think about is whether you require key strategic partners to go through the same training material you use. The challenge here is determining who exactly should receive which programs. Shawn talks about the benefits and struggles of an ‘as needed’ or ‘as determined’ training deployment model for their employees and other partners. Shawn shares that compliance training must seek continuous improvement. The advancements that have happened in many other industries have yet to reach the compliance field, but he is optimistic that innovations will soon be available to meet learner and accessibility issues and to make it more tailored to fit the user.Few compliance professionals have implemented effective governance structures within their corporate training protocols. But given Shawn's results, their approach shows that there's always room for innovation - especially in compliance.Ongoing EducationIf you’re a compliance professional looking for a convenient and effective way to fulfill your continuing education requirements, go to FCPAComplianceReport.com/Courses and choose from 4 hour-long training packages that will keep you up to date with the latest developments in the compliance field.Shawn RogersLinkedInGeneral Motors

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 behav

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.

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.

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.

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.

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 organization.

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.

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.

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.