PODCAST: Leveling Up your Career in a GREAT new Podcast!

PODCAST: Leveling Up your Career in a GREAT new Podcast!

There’s a brand new podcast that EVERY compliance officer should subscribe to right now! It’s called “Great Women in Compliance with Mary Shirley and Lisa Fine.” I’m so grateful to be featured in one of the premiere episodes, “Leveling Up in the Compliance Field with Kristy Grant-Hart.” In it we discuss:

  • How to position yourself to get on Boards

  • What to do if you’re thinking about leaving private practice to go into compliance

  • What to do if you want to be a consultant or an entrepreneur in the compliance field

  • And much more!

You don’t want to miss this! Listen HERE or at https://apple.co/2Qia6iU, or search for Great Women in Compliance in your favorite podcast player.

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Lesson from Formula One: Don't hide behind your desk!

Lesson from Formula One: Don't hide behind your desk!

This is a guest post written by Patrick Henz. Patrick is and author, as well as Head of Governance & Compliance US and Regional Compliance Officer Americas.

Eddie Jordan began as a racing driver before he founded his own team. Starting in the British Formula 3 Championship, the team entered 1988 the Formula 3000-series. Here he had a good eye for young talents, as in these three years he signed drivers as Johnny Herbert, and the later Ferrari drivers Eddie Irvine and Jean Alesi. With the latter, Jordan won the ’89 championship. Inspired by this success, Jordan Grand Prix entered in 1990 the Formula 1 circus. Due to its relative small budget, the team signed young talented drivers, such as Michael Schumacher and Rubens Barrichello. Together with more sponsors came also experienced drivers, like Damon Hill, Ralf Schumacher, Heinz-Harald Frentzen and Giancarlo Fisichella. Thanks to the talented drivers and a solid car, Jordan Grand Prix remains one of only five current teams to have won multiple races in the past 25 years.

In the podcast “F1: Beyond the Grid” Eddie Jordan had a precious recommendation for all kind of entrepreneurs, which at the same time is also valid for Compliance professionals: “Don’t hide behind your desk!”

To become a successful Compliance Officer it is not enough to follow procedures and execute controls you closed office, but instead you must meet the employees at their places. The goal for a Compliance Officer should be to become recognized as a “trusted advisor”. This includes two sub-roles, being a trusted expert, but also a trusted colleague…

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Let's Meet up in Berlin!

Let's Meet up in Berlin!

If you’re a savvy compliance officer who is already thinking about which conference(s) to attend next year, why not add Berlin to your list! This year the European Compliance and Ethics Institute is being held in my favorite Germany city, Berlin! I’ll be co-presenting a session called, “Launching Ladies into Senior Leadership." We’re focusing on up-skilling professionals to get promotions, negotiate raises (or your next job), find and keep mentors and champions and network like a boss! Join me by signing up HERE! Can’t wait to see you there!

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Checklist for Getting the Holiday Policy Reminder Right!

Checklist for Getting the Holiday Policy Reminder Right!

“DON’T HAVE ANY FUN! IT’S AGAINST THE POLICY!”  This message is what many employees hear when they read the annual reminder about the gifts and hospitality policy that comes out this time of year. 

It can be a struggle to craft the proper email or video message.  After all, your desire is to help the employees not to get into trouble, but if your tone is off, or your message doesn’t do its job, you may be seen as a Grinch.  Here’s how to make sure your message hits the sweet spot (complete with handy checklist!):

Open Festively

Open your message by saying something positive about the holidays.  This will show that you are part of the fun and are in the spirit of celebration.  Try something like, “It’s that wonderful time of year when everyone is showing their gratitude for a job well done and good relationships;” or “Everyone loves a holiday luncheon and a chance to show appreciation for the good work that has been done throughout the year.”  Once you’ve shown that you understand the reason for the season, and can relate to it, only then should you begin to talk about policy.

Go Positive – what can they do?

Far too many compliance messages highlight what can’t be done.  Instead of being a downer, start with what can be done.  Let’s say you have a gift giving and receiving limit of $100.  Instead of saying, “Any gift over $100 must be immediately reported to Compliance,” you could try, “Feel free to give and receive gifts up to the $100 limit.” 

If your policy allows for employees but not their spouses / partners to attend holiday meals and outings, you can say, “We encourage your participation in business-related holiday events and meals, and remind you that partners and spouses can accompany you, but only if you are individually paying their way.” 

Start with what they can do, so they can plan around it.

Be Specific with the Details …

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Innovations in Compliance Podcast: What's Your Spark Score? With Compliance Evangelist Tom Fox!

I recently had the chance to speak with Tom Fox - otherwise known as the Compliance Evangelist. We talked about the Spark Score report, a free tool we’ve developed to help you find the gap between how good your compliance program is internally and how it’s seen by outsiders.

This is information the public is searching for. Do you know how well your company is doing?

Some of the key ideas we talked about were:

  • What the Spark Score report is, and what insights it can give about your company and how the public sees your commitment to compliance.

  • How your Spark Score is measured: what factors are we looking at? How do we analyze them?

  • What to do with this information to move your business — and the industry — forward.

Curious to get your free Spark Score Report? Just fill in this four-line form. Enjoy the show below, or listen to it here. And if you like it, subscribe to Tom’s show, Innovation in Compliance, to stay up to date on what’s happening in the industry.

Think you’re alone in this? Think again.

Think you’re alone in this?  Think again.

“If we knew each other’s secrets, what comforts we should find.”  Nineteenth-century English literary critic John Churton Collins had it right when he wrote this truth about the human condition.  We think we’re alone in our worries and shame, but actually, we’re all in this together.  Here are three common secret thoughts harbored by compliance officers.

1.      I don’t know what I’m doing

Welcome to the club.  Compliance is still in a nascent stage.  And while we have various pieces of guidance from the world’s prosecutors, as well as regulations like the U.S. Federal Sentencing Guidelines, there isn’t a single roadmap showing how a compliance program should look. 

From new technology to new deferred prosecution agreements, we’re asked constantly to advance our skills and adapt our programs.  It’s easy to feel like you don’t know what you’re doing, because, well, you probably don’t know what you’re doing all the time.  But you’re in the same boat as everyone else.  Which leads to secret feeling number two. 

2.      Everyone else knows how to do this

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