What are some best practices regarding an internal reporting system? The 2012 FCPA Guidance stated, “An effective compliance program should include a mechanism for an organization’s employees and others to report suspected or actual misconduct or violations of the company’s policies on a confidential basis and without fear of retaliation.” The 2019 Guidance further refined this basic requirement for a hotline with inquiries into the effectiveness of your corporate hotline, asking, “Effectiveness of the Reporting Mechanism – Does the company have an anonymous reporting mechanism, and, if not, why not? How is the reporting mechanism publicized to the company’s employees? Has it been used? How has the company assessed the seriousness of the allegations it received? Has the compliance function had full access to reporting and investigative information?” In this podcast, we detail some of the key best practices.

Three key takeaways:

  1. Get the word out to your employees about your company hotline through a variety of mediums and platforms.
  2. Train your employees on the use of the hotline.
  3. Use data from your hotline to continually update and improve your compliance program.

Lisa Ventura is the Practice Lead in the Partnering Against Corruption Initiative (PACI) with the World Economic Forum, and this week’s guest. For over 6 years, she has worked with the Forum, focusing on business, human rights, and combining profit with purpose. She joins Vince Walden to discuss how the Forum deals with global corruption and promotes integrity.

The World Economic Forum is an international organization for private-public cooperation whose goal is to bring businesses, governments, and civil societies together to address a wide array of issues. PACI is a platform in the global anti-corruption arena that puts emphasis on public-private cooperation, responsible leadership, and technological advances. Their agenda is to leverage the tone from the top to change how companies operate and build a corporate culture of ethics and integrity.

There are four pillars of the agenda for business integrity: commitment to ethics and integrity beyond compliance; the strengthening of corporate culture and incentives to drive continuous learning and improvements; the leveraging of technologies to reduce the scope of corruption; and the supporting of collective action to increase scale and impact.

Global corruption levels are expected to rise as a result of the rising pressure caused by the pandemic. Lisa recommends appointing leaders who think of integrity as essential as a way to combat it.

Resources

Lisa Ventura on LinkedIn | Twitter

WEForum.org

https://www.weforum.org/communities/partnering-against-corruption-initiative

https://www.weforum.org/communities/global-future-council-on-transparency-and-anti-corruption

Agenda for Business Integrity – http://www3.weforum.org/docs/WEF_GFC_Overview_Agenda_for_Business_Integrity.pdf

Hacking Corruption in the digital era:  http://www3.weforum.org/docs/WEF_GFC_on_Transparency_and_AC_Agenda_for_Business_Integrity_pillar_3_2020.pdf

Welcome to the newest addition to the Compliance Podcast Network, Compliance and Coronavirus. As the Voice of Compliance, I wanted to start a podcast which will help to bring both clarity and sanity to the compliance practitioner and compliance profession during this worldwide health and healthcare crisis. In this episode, I am joined by Eden Gillott, President at Gillott Communications, a crisis communication boutique firm. Eden visits with us about some of the top issues in corporate communications during this time of the coronavirus health crisis. We also look at the economic dislocation and what companies need to be thinking about around their communications looking into business reopening’s and into Q3 and Q4, 2020.

For more information on Gillott Communications check out their website here. Eden also has some great resources for the business executive, legal professional and Board of Director in the following books:

A Business Owner’s Guide to Crisis PR

A Board Member’s Guide to Crisis PR

A Lawyer’s Guide to Crisis PR

Richard Lummis and Tom Fox begin a five-part series on leadership lessons from Theodore Roosevelt. We will look at lessons from Roosevelt’s early years in New York up to his cowboying days in Montana; the second phase of his public career, from NYC Police Commission to Assistant Secretary of the Navy, San Juan Hill and the Vice Presidency; his leadership from his Presidency; his life in the post-Presidency and the election of 1912 and we will end with leadership lessons from his post Bull Moose Party life, World War I and event surrounding his death. In this first episode, we consider the leadership lessons learned by Roosevelt from his parents, his sickly childhood, initial forays into public life, widowhood and cowboying in Montana.

Highlights of this podcast include:

Roosevelt’s parents, his upbringing, education and early book publishing. Roosevelt’s widowhood in his early 20s and his election to the New York State Assembly. From the Presidential election of 1884, up to his cowboying in Dakota. We conclude with three key leadership lessons, including 1. The beginning of his lifelong learning; 2. How he came to view merit, not privilege as the key to advancement, and 3. How hard work is required to be a great leader.

Resources

Doris Kearns Goodwin’s 10 Leadership Lessons from the White House

6 Leadership Hacks From The Rise of Theodore Roosevelt

10 top Leadership Principles of Teddy Roosevelt

The Roosevelts: Eight presidential lessons in leadership

Lessons in Leadership from 100 years ago

Theodore Roosevelt on Leadership

10 Theodore Roosevelt Leadership Lessons

JUNE 4, 2020 BY TOM FOX

In today’s edition of Daily Compliance News:

  • Pilgrim’s Pride CEO charged with price-fixing. (NYT)
  • Miami professor admits to laundering money for Maduro regime. (WSJ)
  • No surprise-Brazilian President abandons ABC fight. (WSJ)
  • Former UAW President pleads guilty to embezzlement. (NYT)