Compliance into the Weeds

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. This week Matt and Tom take a deep dive into the SEC enforcement involving Pearson. Some of the issues we consider are: How can a failure to disclose lead to a SEC violation? What were the disclosure controls and procedures failures? How is patch management a critical part of cybersecurity? What were the misleading statements made by Pearson? What are the lessons learned? What is the role of compliance?  ResourcesMatt in Radical ComplianceSEC Schools Pearson on Cyber Disclosure Failures Learn more about your ad choices. Visit megaphone.fm/adchoices

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. This week Matt and Tom take a deep dive into Venn Diagrams to consider the questions of who sets corporate values. Some of the issues we consider are: What happens when management dictates a corp value? What happens when that value is disputed by employees? What happens when the regulators come knocking? How does social media play into all this? How can you assess your risk? What is the role of compliance? ResourcesMatt in Radical ComplianceMapping the Pressures on Corporate Values, Priorities Learn more about your ad choices. Visit megaphone.fm/adchoices

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. This week Matt and Tom take a deep dive into the actions of Activision CCO Frances Townsend who when faced with a claim by the state of California of sexual harassment by the company in the workplace, went off the deep end. Some of the issues we consider are:·      What happens when a CCO attacks internal whistleblowers?·      How is the role of the CCO different from that of the GC??·      What happens when a company starts attacking its own employees? ·      What happens when a CCO closes their door to employees?·      The over/under on Townsend’s continued employment. ResourcesMatt in Radical ComplianceMore Activison CCO DramaActivision CCO Steps Into a Mess Learn more about your ad choices. Visit megaphone.fm/adchoices

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. This week Matt and Tom take a deep dive into the Deferred Prosecution Agreement entered into by First Energy company for its bribery of certain state officials in the state of Ohio, including the former Speaker of the House in Ohio. Some of the issues we consider are: What were the underlying facts? What were the bribery schemes involved? How did the tax code facilitate the bribery? What are the compliance program implications? How does this fit into ESG?  ResourcesMatt in Radical ComplianceFirst Energy and Domestic Corruption Woes Learn more about your ad choices. Visit megaphone.fm/adchoices

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. This week Matt and Tom take a deep dive into the recent SEC enforcement action regarding the SPAC Stable Road Acquisition Corp. and its acquisition of the space technology company Momentus. Some of the issues we consider are: What were the underlying facts? Were red flags missed, consciously avoided or outright ignored? Where was compliance due diligence? Bill Ackerman, Pershing Square Tontine Holdings and the proposed Universal Music acquisition? Diamond Acquisition Corp and its acquisition of Lordstown Motors.  ResourcesMatt in Radical ComplianceThe Second Act of SPAC Enforcement Learn more about your ad choices. Visit megaphone.fm/adchoices

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. This week Matt and Tom take a deep dive into the two recent FINRA enforcement actions involving the trading platform Robinhood. Some of the issues we consider are: What were the underlying facts? Were red flags missed, consciously avoided or outright ignored? Where was compliance? Why must the human element always be present in compliance? Why business continuity is really a compliance issues. What about the IPO?  ResourcesMatt in Radical ComplianceLessons from Robinhood Learn more about your ad choices. Visit megaphone.fm/adchoices

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. This week Matt and Tom take a deep dive into the first FCPA enforcement action involving a company in 2021, the Amec Foster Wheeler global anti-corruption enforcement action. Some of the issues we consider are: What were the underlying facts? Were red flags missed, consciously avoided or outright ignored? Where was compliance? How corrupt was the culture of Foster Wheeler? What does this mean for compliance going forward?  ResourcesMatt in Radical ComplianceFoster Wheeler’s FCPA LessonsTom in the FCPA Compliance and Ethics BlogNot a Siren’s SongSilk Shirts and CorruptionBa-da-Bing; Ba-Da-Bing Learn more about your ad choices. Visit megaphone.fm/adchoices

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. This week Matt and Tom take a deep dive into a lesson learned long ago by the Nixon Administration, adapted for 21st century cybersecurity. It’s not just the breach, it is not disclosing the breach to authorities and investors for which companies get in hot water. Some of the issues we consider are: What are your reporting obligations after a breach? Why is the SEC interested in how you inform investors? Why does the legal department want to hide any breaches? What are the costs for failure to disclose? What does this mean for compliance going forward? ResourcesMatt in Radical ComplianceExample of Cybersecurity Disclosure Failures Learn more about your ad choices. Visit megaphone.fm/adchoices

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. This week Matt and Tom take a deep dive into the recent report from LexisNexis Risk Solutions about the costs of financial crimes compliance and its implications for ABC compliance professionals. Some of the issues we consider are: What costs have gone up? Why have the costs for financial crimes compliance increased? What areas are the costs centered? Did the costs increase due to the pandemic? What does this mean for other compliance disciplines going forward?  ResourcesMatt in Radical ComplianceFinancial Crimes Compliance Cost Keeps Going Up LexisNexis Report - True Cost of Financial Crime Compliance Global Report Learn more about your ad choices. Visit megaphone.fm/adchoices

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. This week Matt and Tom take a deep dive into the SEC Chairman Gary Gensler’s firing of the entire PCAOB Board, including Board Chair William Duhnke. Some of the issues we consider are: What does this mean for internal audit? What does this mean for compliance? What was the legal basis for these terminations? How did Duhnke create such a toxic culture at the PCAOB? What does this mean for ESG, cybersecurity and data analytics going forward? ResourcesMatt in Radical ComplianceThe PCAOB House-Cleaning and You Learn more about your ad choices. Visit megaphone.fm/adchoices