Innovation in Compliance with Tom Fox Thomas Fox

There is not much I enjoy more than sitting down with one of the most innovative thinkers in compliance; Carsten Tams, to find out what is on his mind regarding compliance. I recently had the opportunity to do so on the topic of making compliance training memorable. Over this short five-part series we will introduce the problem and challenges and then provide you with four game changing strategies you can employee for success in your compliance training. In this Episode 1, we provide the lay of the land, explain when ethics training needs some fresh ideas, some of the challenges ethics training is facing and conclude with a summary of the solutions do we see.  
Tom and Carsten take a deep dive into why traditional E&C training often fails to engage employees and lacks impact on their behavior, despite significant investments. This episode sets up the problem by exploring the historical context of E&C training, the difference between European values-focused and American rules-regulation approaches, and how these methods have evolved. 
Their discussion highlights several barriers to effective training, including training being seen as a checkbox exercise, the deficit-focused nature, passive learning methods, isolation, and a lack of playfulness. They also touch on the promising findings that training can be effective when it delivers a positive user experience, emphasizing the need for innovative approaches to improve engagement and behavioral impact. The podcast series aims to explore solutions and strategies for making E&C training more engaging and effective, grounded in four proven principles of learning design. 
Highlights and Issues
·      Introduction to the Series on Ethics and Compliance Training
·      Identifying the Problem with Current Ethics and Compliance Training
·      Exploring the Ineffectiveness of Traditional Training Approaches
·      The Four Engagement Killers in Compliance Training
·      Towards a More Effective Training Approach: Preview of Upcoming Episodes
Resources
Articles

Dvorak, N. (2021, November 10). 4 Hard Truths About Ethics and Compliance Training


Fosway Group. (2023). Digital Learning Realities 2023


Fredeen, I. (2019, June 19). Do Your Expectations Align with Reality — Why Compliance Training Needs More Attention



Carsten Tams on LinkedIn
Emagence Consulting
Tom Fox
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Innovation comes in many areas and compliance professionals need to not only be ready for it but embrace it. Today, I visit with Steve Brown, Managing Director, Head of Business Development at StarCompliance, sponsor of this podcast. We take a deep dive into utilizing AI, machine learning, and generative AI for compliance prevention, detection and much more. 
Steve Brown has maintained a lengthy career in the compliance industry, currently holding the position of Head of Business Compliance and Business Development at StarCompliance. Throughout his career of over two decades, he has served in important roles in investment banking compliance and advised global firms on risk and regulatory issues. 
StarCompliance, a company that specializes in employee compliance software across 117 countries. They delve into the importance of compliance culture within corporations, the role of technology in enhancing compliance efforts, and the unique perspective Brown brings to technology solutions from his extensive compliance background. They also touch upon the significance of a comprehensive compliance solution and the future of compliance technology, including the potential applications of AI, machine learning, and data analytics to anticipate and navigate regulatory challenges.

Key Highlights:

Global Ethics Compliance Solutions by Star Compliance

AI Integration for Evolving Compliance Challenges

Data-Driven Compliance Culture Enhancement Solutions

Ethical Culture through Integrated Compliance Analytics


Resources:
Steve Brown on LinkedIn 
StarCompliance

Tom Fox
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Innovation comes in many forms, and compliance professionals need to not only be ready for it but also embrace it.
Today, Tom Fox visits Sue Bingham, Founder and Principal of HPWP Group. She helps visionary, courageous leaders create a high-trust culture of adult communication and high expectations that results in attracting and retaining truly great people.
Sue Bingham has a unique perspective on compliance in the workplace, shaped by her vast experience and passion for nurturing positive work environments. Anchored in the principles of trust, value, and respect, she advocates for a shift from the conventional approach to compliance, which often entails a litany of rules, to one that promotes positive assumptions about employees.
Bingham believes that while compliance is crucial for legal requirements and operational changes, it should not be at the expense of treating employees as valuable adults deserving of respect and dignity. Her conviction that a culture of trust and positive assumptions can drive behavioral change at work is reflected in her book “Creating a High-Performance Workplace,” a testament to her commitment to fostering effective leadership and high-performing workplaces.
Key Highlights:

Trust-Based Approach for High Performance Culture

Fostering Trust and Valuing Employees for Success

Developing Commitment and Accountability in the Workplace

Balancing Compliance and Commitment in Organizations


Resources:
Sue Bingham on LinkedIn 
HPWP Group
Creating the High Performance Work Place on Amazon.com
Tom Fox
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Innovation comes in many forms, and compliance professionals must be ready for and embrace it. Today, I visited with Matt Kunkel, CEO of LogicGate, and Nick Kathmann, CISO at LogicGate, to consider how a dynamic GRC can help drive efficiency, compliance, and profitability.
With a background in business analysis and self-taught coding, Kunkel identified a need for a more comprehensive and user-friendly approach to governance, risk, and compliance (GRC) solutions, leading to the creation of Logic Gate. The platform was designed to meet businesses’ evolving needs without requiring constant developer intervention, utilizing a flexible data model and advanced graph database technology for superior efficiency.
Kathmann, with over 20 years of experience in security and compliance, stresses the importance of industry expertise in delivering effective solutions, focusing on ensuring the platform meets the highest security standards and adapts to changing business requirements seamlessly. Kunkel and Kathmann’s perspectives highlight the crucial role of innovative technology in simplifying GRC processes and addressing the complex regulatory, risk, and compliance needs of organizations.
Key Highlights:

Adaptive Logic Gate Platform for GRC

Harnessing Data for Strategic Compliance Oversight

Real-time Risk Optimization for Business Growth

Cyber Risk Alignment Between CISO and CEO

Executive Level Engagement for Cybersecurity Strategy

Tailoring Risk Communication to Stakeholder Priorities

Dynamic GRC Systems with AI-driven Controls


Resources:
Matt Kunkel on LinkedIn 
Nick Kathmann on LinkedIn 
LogicGate
Tom Fox
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Innovation comes in many forms, and compliance professionals need to not only be ready for it but also embrace it. Today, I visited Staci Wright, a leader in the heart-profit movement.
Staci Wright is a seasoned entrepreneur with a diverse portfolio of six successful businesses, ranging from service-based to product-based ventures, established over the past two decades. Her perspective on the “heart profit movement” is rooted in her belief in the power of compassion, care, and connection in the workplace to not only enhance productivity but also address important societal issues.
This perspective is born from her experience leading “IP2Market,” a company that merges manufacturing patented products with a focus on building brands that prioritize employees’ welfare.
As the founder of the Heart Profit movement, Staci has implemented initiatives like onsite childcare, meals, and mental health coaching in her workplaces, embodying her view that a supportive environment allows employees to flourish rather than merely survive. This approach to business, she believes, fosters a more compassionate era where profit does not come at the expense of employee care.
Key Highlights:

Footrest-Inspired Self-Care Products for Bath Time

Compassionate Workplace Culture Initiative

Employee Wellbeing Initiatives in Manufacturing

Cultivating Compassionate Work Environments for Success

Compassionate Workplace Solutions: Profit with Heart


Resources
Staci Wright on LinkedIn 
Heart Profit
Tom Fox
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Innovation comes in many forms, and compliance professionals need to not only be ready for it but also embrace it.
Today, Tom Fox visited Susan K. Younger, a self-styled ‘relationship architect. Find out how her strategies will help you to drive your corporate culture.
Susan K. Younger, an expert with a diverse background in architecture and massage therapy, has carved a unique path in her career by integrating practices from both fields. She views transformative leadership as a dynamic process to adapt and evolve in accordance with changing times. Her perspective is influenced by her unique professional journey, from retail architecture to a holistic approach to body structures and environmental spaces.
Susan believes in the importance of openness to new ideas and perspectives, considering different viewpoints, and willingness to modify processes for better outcomes. For her, the essence of transformative leadership lies in staying curious and receptive, thereby driving positive change within organizations.
Key Highlights:

What is a relationship architect?

Interpersonal Structure Builder

Cultural Values in Multinational Transformative Leadership

Proactive Contributors Fostering Positive Work Culture

Understanding Value Perspectives for Compliance Engagement

Enhancing Workplace Collaboration Through Generational Values


Resources:
Susan K. Younger on LinkedIn 
Susan K. Younger website
Tom Fox
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