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 go into the weeds to explore how the complexity of modern-day corporations can lead to catastrophic failures such as the two crashes of the Boeing 737 Max.
Some of the highlights include:
- Our podcast today was based upon two blog posts we both wrote this week based upon the NYT article The Late Change, and Fatal Flaws in Boeing’s Plane.
- Why and how can complexity lead to catastrophic failure?
- The modern corporation is very siloed. How does this contribute to risk?
- Why every compliance professional should read the NYT article.
- How should you think about systemic risk in your organization’s ecosystem?
- How does the COSO 2013 Internal Controls Framework consider the issue of communication across an organization?
In addition to the great NYT piece check out the following resources:
Matt’s blog post-Another Lesson from Boeing-Silos
Tom’s blog post-Boeing and More Compliance Lessons