Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. In this episode, Matt Kelly (the coolest guy in compliance) and I take a deep dive into the recent announced Polycom Inc. FCPA enforcement action. We both blogged on it and we bring two difference perspectives to this matter. I take a deep dive into the nuts and bolts lessons learned for the compliance practitioner. Matt takes a step back and considers the larger picture of corporate culture, corrupt CEOs and how these can lead to the destruction of the company.
Some of the highlights include:
- There were two forces at work which amplified the negative actions and effects.
- How the CEO’s corrupt nature permeated the entire organization.
- Oversight means more than simply asking questions and accepting the proffered answers.
- Data analytics are critical for a best practices compliance program going forward.
For additional reading see Matt’s blog post “Many Lessons in Polycom FCPA Case” in Radical Compliance.
See also Tom’s blog “Following the Money Through Distributors” in the FCPA Compliance and Ethics Blog.