348 episodes

Innovation in compliance brings you interviews with industry leading experts who are changing the way practitioners approach compliance. Host Tom Fox, the Compliance Evangelist and Voice of Compliance is driving the conversation about compliance into the 2020s and beyond with his focus on innovations for the compliance practitioner and the compliance profession. If you want to learn how to bring business solutions to compliance problems to more fully operationalize compliance, this is the podcast for you.

Innovation in Compliance with Tom Fox Thomas Fox

    • Business
    • 4.4 • 15 Ratings

Innovation in compliance brings you interviews with industry leading experts who are changing the way practitioners approach compliance. Host Tom Fox, the Compliance Evangelist and Voice of Compliance is driving the conversation about compliance into the 2020s and beyond with his focus on innovations for the compliance practitioner and the compliance profession. If you want to learn how to bring business solutions to compliance problems to more fully operationalize compliance, this is the podcast for you.

    Exiger’s Fight to Secure Supply Chains: Spotlight on Information Technology & Telecommunications

    Exiger’s Fight to Secure Supply Chains: Spotlight on Information Technology & Telecommunications

    Welcome to a podcast series on the fight to secure Supply Chains through cross-industry innovation. Exiger sponsors this series. In this series, we will explore the ongoing efforts of Exiger to lead the discussion and enhancement of Supply Chain Risk Management. 
    Over this series, I visit with Erika Peters, Senior Vice President and Global Head of Third Party & Supply Chain Risk Management;  Tim Stone, Senior Director, Supply Chain Risk Management for Exiger Federal Solutions; Kim Lee, Director who focuses on risk and compliance; Nick Wildgoose, a Consultant at Exiger; Skyler Chi, Director and Deputy Head of Supply Chain and Third-Party Risk Management;  Andrew Lehmann, Associate Director at Exiger; Jennifer Nestor, Vice President at Exiger, Americas and Public Sector; Theresa Campobasso, Senior Director for Defense Programs; Dan Banes President of Commercial Technology, and Mark Henderson, Director of Business Development. 
    In this episode 3, we discuss Supply Chain issues in the Information Technology & Telecommunications industry with Skyler Chi and Andrew Lehmann. Highlights of this podcast include:
    ·      Unique vulnerabilities in this sector;
    ·      Potential operational disruptions from one geo-region or single source in IT; and 
    ·      Hardware and software requirements in Supply Chain Risk Management.
    Resources
    Skyler Chi Profile
    Andrew Lehmann  Profile
    Exiger Website
    Exiger’s Supply Chain Explorer

    • 28 min
    Exiger’s Fight to Secure Supply Chains: Spotlight Manufacturing and Consumer Markets

    Exiger’s Fight to Secure Supply Chains: Spotlight Manufacturing and Consumer Markets

    Welcome to a podcast series on the fight to secure Supply Chains, through cross-industry innovation. This series is sponsored by Exiger. In this series we will explore the ongoing efforts of Exiger to lead the discussion and enhancement of Supply Chain Risk Management.
    Over this series, I visit with Erika Peters, Senior Vice President and Global Head of Third Party & Supply Chain Risk Management; Tim Stone, Senior Director, Supply Chain Risk Management for Exiger Federal Solutions; Kim Lee, Director who focuses on risk and compliance; Nick Wildgoose, a Consultant at Exiger; Skyler Chi, Director and Deputy Head of Supply Chain and Third-Party Risk Management; Andrew Lehmann, Associate Director at Exiger; Jennifer Nestor, Vice President at Exiger, Americas and Public Sector; Theresa Campobasso, Senior Director for Defense Programs; Dan Banes President of Commercial Technology, and Mark Henderson, Director of Business Development. 
    In this Episode 2, we discuss Supply Chain issues in manufacturing and consumer markets with Kim Lee and Nick Wildgoose. Highlights of this podcast include:

    Key challenges in Supply Chain Risk Management in the manufacturing and consumer sectors;

    How manufacturing and consumer sectors can improve their approach to managing Supply Chain risk; and

    The evolving supply risk areas in respect of the manufacturing and consumer industry sectors.

    Resources
    Kim Lee Profile
    Nick Wildgoose Profile
    Exiger Website
    Exiger’s Supply Chain Explorer

    • 24 min
    Fraud & Corruption in the Corporate World with Alan Saquella

    Fraud & Corruption in the Corporate World with Alan Saquella

    Alan Saquella is a fraud risk practitioner as well as a Certified Protection Professional and Certified Polygraph Examiner. He currently works as a full-time professor at the Embry-Riddle Aeronautical University where he teaches security, intelligence, and fraud investigation in the business world. Tom Fox welcomes him to this week’s show to talk about how the corporate security world and fraud investigation intersect and form a union, and how this union helps to build a more effective fraud prevention program. 

    The Plague Upon the Corporate World
    Tom wants to know how big an issue fraud and corruption are in the corporate world and how they manifest themselves. Alan believes that the statistics in the ACF report are not a true representation of fraud taking place in the real corporate world. He states, “Whether you're a private company or publicly-traded company, there's a lot more that goes on that's never reported.” He remarks that the report claimed that about 50% of fraud cases are prosecuted or brought to the prosecution. From his work, he understands that less than 5% of cases are actually brought to the prosecution. With regard to corruption, Alan says that for some companies in and outside of the United States, “corruption and bribery are just part of doing business” so it will continue to flourish. Organizations usually bury cases of fraud or corruption, as they can be damaging and embarrassing to the brand’s public image and reputation. Additionally, fraud and corruption are white-collar non-violent crimes, which is why they are not taken seriously by the organization.

    The Dilemma of Whistleblowers
    According to the report, the ideal way to detect fraud in your organization is internal reporting, also known as whistleblowing. The government also suggests that the primary element of successful anti-corruption compliance programs are whistleblowers. Tom asks Alan if he agrees with these proposed ideas. Alan cautions, “I’ve seen it used very effectively in some organizations and not so much in others … I think all corporate investigative folks will agree it’s a key element to a fraud prevention program. Where I found it to be most successful is when it’s highly publicized.” Companies that do not advertise their fraud whistleblowing hotline are less likely to get tips, as potential whistleblowers feel less confident in reporting any indiscretions. 

    Fraud Prevention
    Tom asks Alan what he thinks are the key elements of a successful fraud prevention program. Alan explains that even though whistleblowers are the most effective way to curb fraud in the workplace, companies must also look at the way they conduct business internally. “For example, tying bonuses to individual performance is always a risky endeavor. It tends to cause folks to take those chances and they're right down the fence in that gray area,” he cautions. Alan advises that companies should reward based on group performance, to prevent desperate employees from committing fraud to get ahead. Additionally, companies ought to communicate with high-risk groups about fraud and fraud prevention. Alan explains that groups like sales and accounting tend to be most active in the fraud area. He also suggests that behavior-based surveys are one of the most effective programs in fraud prevention. These types of surveys give a lot more useful information than opinion surveys and it also “calls out the whistleblowers instead of waiting for the whistleblower to get to that point where they're frustrated.” 

    Resources
    Alan Saquella | LinkedIn | Embry-Riddle Aeronautical University

    • 23 min
    Exiger’s Fight to Secure Supply Chains: Spotlight on Healthcare

    Exiger’s Fight to Secure Supply Chains: Spotlight on Healthcare

    Welcome to a podcast series on the fight to secure Supply Chains through cross-industry innovation. Exiger sponsors this series. In this series, we will explore the ongoing efforts of Exiger to lead the discussion and enhancement of Supply Chain Risk Management. 
    Over this series, I visit with Erika Peters, Senior Vice President and Global Head of Third Party & Supply Chain Risk Management;  Tim Stone, Senior Director, Supply Chain Risk Management for Exiger Federal Solutions; Kim Lee, Director who focuses on risk and compliance; Nick Wildgoose, a Consultant at Exiger; Skyler Chi, Director and Deputy Head of Supply Chain and Third-Party Risk Management;  Andrew Lehmann, Associate Director at Exiger; Jennifer Nestor, Vice President at Exiger, Americas and Public Sector; Theresa Campobasso, Senior Director for Defense Programs; Dan Banes President of Commercial Technology, and Mark Henderson, Director of Business Development. 
    In this Episode 1, we discuss Supply Chain issues in the healthcare industry with Erika Peters and Tim Stone. Highlights of this podcast include:
    ·      Key challenges for Supply Chain Risk Management in healthcare;
    ·      Lessons learned from Covid-19 on Supply Chain in healthcare; and 
    ·      The evolving areas for Supply Chain Risk Management in healthcare.
    Resources
    Erika Peters Profile
    Tim Stone Profile
    Exiger Website
    Exiger’s Supply Chain Explorer

    • 30 min
    You Can’t Outsource Risk with Sandeep Bhide

    You Can’t Outsource Risk with Sandeep Bhide

    Sandeep Bhide is the Vice President of Product Management at ProcessUnity, a company that is making good governance, risk, and compliance (GRC) practices and tools available to organizations via third-party risk and cybersecurity program management tools. Tom Fox welcomes him to this week’s show to talk about their Third-Party Risk: A Turbulent Outlook Survey report and how ProcessUnity helps their clients.

    The Purpose of ProcessUnity
    Tom asks Sandeep to explain the basis of ProcessUnity and the key products and services they are offering. Sandeep says that the company offers cloud-based solutions that provide help for organizations of all sizes, that allows them to automate their risk and compliance programs. He adds that it is an easily customizable program that reduces manual administrative tasks and allows customers to focus on “the more strategic risk mitigation activities”. ProcessUnity has the ability to review the company's GRC program and deliver great results quickly. 

    Third-Party Risk: A Turbulent Outlook Survey Report 
    Tom wants to know what was the intent behind this report and how it came to fruition. Sandeep states that the objective of the study was to determine how well organizations understood and managed risk associated with their third-party partners. 301 IT and cybersecurity decision-makers and influencers participated in the survey, and they were asked about their concerns and challenges when managing certain risks, and how it has impacted the security incidents related to their third-party partners. Sandeep shares the overall findings of the survey found that: 


    Third-party relationships continue to expand exponentially; 

    Companies continue to seek outsourced services and software in order to perform optimally and to replace talent and supply sources due to the pandemic;

    The majority of respondents have experienced an IT security incident over the last two years because of a third-party relationship. 


    The Gathering Storm
    Tom asks Sandeep to explain the concept of “the gathering storm” and the technological solution ProcessUnity provides to help navigate it. Sandeep explains that the term refers to a supply chain attack executed by “close third-party relationships that have either physical or network access to equipment and premises and those that provide software vital to a business’ operation.” Sandeep then warns that companies should vet these third parties since their role is so important. Most companies would rather focus on their core businesses, however; they feel it doesn't make economic sense for them to do everything themselves and third parties provide the types of talent they need to properly conduct their business. Sandeep comments that “companies can outsource the work which is an imperative for them, but they can’t outsource the risk”. To manage your third parties, you must have multiple in-house and out-house methods to vet them, including questionnaires or assessments. You have to get to know your partners because they have the most risk attached to them.


    Resources 
    Sandeep Bhide | LinkedIn | ProcessUnity  

    • 30 min
    Marketing for the Future with Paula Zirinsky

    Marketing for the Future with Paula Zirinsky

    Paula Zirinsky is the co-founder and Chief Strategist of Structura Strategy Group, a company that specializes in marketing advice that helps companies build a strategic foundation. Tom Fox welcomes her to this week’s show to discuss the unintended effects of the pandemic within the workplace and how marketing benefits the company when the board takes it seriously. 

    Mentor and Career Inspiration 
    Paula calls Harold Dobbs the best boss she ever had. Dobbs was originally her mother’s eccentric boss who was the head of a liquor company, and he was very marketing and promotional oriented. He later opened a cooperative advertising business for liquor stores, where he gave her a job photocopying promotional flyers and putting them into envelopes. At the end of each workday, he thanked her for all the work she put in that day and how the company would not have existed without her help. As he was such an attentive boss who was passionate about his work, he instilled this enthusiasm for marketing and a strong work ethic in Paula and also demonstrated how to show appreciation for your employees. 

    Unintended Effects of the Pandemic 
    Tom asked Paula to explain some of the unintended effects of the pandemic. Paula explains due to the pandemic, companies introduced various wellness programs so that they could directly speak to their employees and stay in touch with people; they most likely would not have reached out to pre-pandemic. This simple task helped companies become aware of their employees’ needs, which is a positive effect of the pandemic. Another unintended effect is remote working and how it gave rise to new opportunities never seen before. As a result of the stay-at-home mandate, employees were forced to work from home, which allowed jobs to have access to a geographically dispersed talent base, which created jobs for people on a national and even international scale. 

    The Benefits of Marketing 
    Tom asks Paula how marketing impacts the board of directors of a public or private company. Paula explains that there are three main ways how marketing impacts the board. Firstly, “Marketing will enhance how the company, the board, and the executive team are seen and perceived. Marketing works with the branding purpose, vision, and mission of the company.” When the board accepts all marketing strategies designed to help, the company will flourish, as both clients and employees enjoy working with the company. She adds that marketing allows the company to look at their clients and see what they are missing and how to rectify it. Lastly, boards have to take into account the lack of diversity on their committees and the absence of marketing experts. According to a study done in 2019, the majority of Chief Marketing Officers are women. To have a successful company, there must be CMOs on the board, which will increase diversity in the workplace. 


    Invest in Marketing
    Paula urges companies to invest more of their company resources in marketing. She states, “Sales are about today and what you're getting in marketing is about building for the future – the growth of your company and the future of your company.”

    Resources
    Paula Zirinsky | LinkedIn | Twitter 
    Structura Strategy Group

    • 25 min

Customer Reviews

4.4 out of 5
15 Ratings

15 Ratings

Mndfuul ,

Looking Back at 9/11 is an Incredible Series!

I could not stop listening to this series. Each episode was focused and tight while still packing a punch. Each guest had an amazing story to tell about where they were and what their job was during the crisis. From Eric Feldman who was an Inspector General at the CIA to John Lee Dumas, an ROTC cadet who found himself leading a platoon at 20 years old, every story had so much impact and heart. I highly recommend listening in honor of the 20th anniversary.

koltrass ,

Great for idea generation for compliance

Tom introduces his audience to a wealth of innovative ideas that businesses can adopt. Listen to his podcasts if you want to improve your compliance programs.

JoshCrist ,

Insightful and actionable! 👏👏👏

Whether you’re well established as a compliance innovator, or just getting started carving out your role as a change agent within your organization - this is a must-listen podcast for you! Tom does an incredible job leading conversations that cover a huge breadth of topics related to the ins and outs of navigating an ever changing compliance environment - from leaders who’ve actually experienced success themselves. Highly recommend listening and subscribing!

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