2 Gurus Talk Compliance Thomas Fox

What happens when two top compliance commentators get together? They talk about compliance, of course. Join Tom Fox and Kristy Grant-Hart in 2 Gurus Talk Compliance as they discuss the latest compliance issues in this week’s episode!
In this episode, we discuss how far the US should push Europe when it comes to banning goods produced with forced labor, whether Canadians are just too darn nice when it comes to bribery, the Supreme Court’s review of when cash given to a US politician crosses from a thank-you gift to a bribe, and a Florida man’s notice to arresting officers that he’d be drinking his beer before being arrested because it’s cold.
The issue of forced labor, particularly in China, and its resultant goods has triggered a significant discourse between the US and Europe, highlighting the intricate connection between international trade and human rights. Tom argues for Europe to adopt stringent measures against forced labor like the US and credits his stand to his profound understanding of the extensive impact such a practice has on modern society. He advocates for a broad ban on goods linked to forced labor and is enthusiastic about the potential of a joint EU, US, and UK task force addressing the issue.
Kristy, with her focused view on the contrasting approaches of the US and Europe, agrees with the necessity of a robust response. She acknowledges the US’s advanced position in tackling forced labor challenges, appreciates the EU’s efforts to enact a similar ban, and supports the idea of a joint task force. She underlines the importance of preventing goods made from forced labor from entering the US via Europe.
 Highlights Include:

The fight against climate change reporting. (Harvard Law School Forum on Corporate Governance)

Are Canadians too nice to fight ABC? (GAB)

What is the opposite of right for compliance? (COI Blog)


Between a rock and a hard place. (China Law Blog)

Are you shadow trading? (NYU Corporate and Enforcement Blog)

Europe Should Be Pushed to Take On Chinese Forced Labor, U.S. Lawmakers Say (WSJ)

Corruption or Just Politics? Supreme Court Weighs New Bribery Case as More Clashes Are Brewing (WSJ)

The Department of Justice Unveils Groundbreaking Pilot Program: Incentivizing Whistleblowers with Immunity (JDSUPRA)

From Gen Z to boomers: How to give critical feedback at work (Washington Post)

Florida man pops open beer during police encounter because it was ‘cold’ and he wanted to drink it (FOX 35 Orlando) 



Resources:
Kristy Grant-Hart on LinkedIn
Spark Consulting
Tom
Instagram
Facebook
YouTube
Twitter
LinkedIn

What happens when two top compliance commentators get together? They talk about compliance, of course. Join Tom Fox and Kristy Grant-Hart in 2 Gurus Talk Compliance as they discuss the latest compliance issues in this week’s episode!
In this episode, Tom and Kristy take on a wide variety of compliance related topics.
The Compliance Week National Conference, a premier event in the field of compliance, offered a rich assortment of discussions and insights on various compliance topics, such as AI monitoring, risk assessment, and oversight of the Foreign Corrupt Practices Act (FCPA). Among the expert attendees were compliance professionals Tom and Kristy.
Tom highlighted the invaluable practical discussions led by practitioners, which had direct impact on compliance practices. He found the sessions on risk assessments and third-party risk management to be engaging and informative.
Similarly, Kristy found the conference sessions to be enlightening, notably a keynote on artificial intelligence and a workshop on leadership. She also valued the call for transparency in compliance roles, underscoring the conference’s ability to address recurring compliance challenges.
Both Fox and Grant-Hart’s perspectives were shaped by their extensive experiences and expertise in the field of compliance, highlighting the conference’s appeal to both veterans and newcomers alike.
Highlights Include:
1. Compliance Week Conference Roundup – Key thoughts, takeaways, and moments
2. Ericsson released from DPA.   (WSJ)
3. SEC says self-reporting is critical. (WSJ)
4. Corruption with JFK taxi dispatchers.   (NYPost)
5. No more late night messages from your boss—the Right to Disconnect. (WaPo)
6. Trafigura pleads guilty. (The Maritime Executive)
7. Inside the Russian Shadow Trade for Weapons Parts, Fueled by Crypto (WSJ) 
8. Sam Bankman – Fried is still gambling (The Verge) 
9. The Frustration of CCO Job Searches (Radical Compliance)
10. Florida man put car in cruise control, then partially stood up through sunroof while speeding, deputies say (FOX 35 Orlando)
 Resources:
Kristy Grant-Hart on LinkedIn
Spark Consulting

Tom 
Instagram
Facebook
YouTube
Twitter
LinkedIn

What happens when two top compliance commentators get together? They talk about compliance, of course. Join Tom Fox and Kristy Grant-Hart in 2 Gurus Talk Compliance as they discuss the latest compliance issues in this week’s episode! In this episode, Tom and Kristy tackle various compliance-related topics.
Tesla’s corporate governance is under the spotlight, focusing on the company’s board independence and potential conflicts of interest. Fox has pointed out Elon Musk’s profound control over Tesla, suggesting that the lack of board independence and oversight may necessitate regulatory scrutiny, especially from the Securities and Exchange Commission (SEC). His perspective is rooted in his belief in the importance of corporate governance in protecting shareholder interests, and he raises questions about whether Musk’s leadership is aligned with the expectations of a public company CEO. Similarly, Kristy cites problems with board independence and potential conflicts of interest. She emphasizes the lack of governance within Tesla, particularly noting the court-nullified pay package granted to Musk, and suggests that the SEC may need to intervene even further. She, like Fox, implies that it may be time for Musk to step down and allow for better governance under the scrutiny of regulatory authorities.
Highlights Include

Warren wants the SEC to look into Tesla Board independence. (WSJ)

Goldman files a suit against Malaysia over 1MDB. (Bloomberg)

Mike Lynch finally goes on trial. (FT)


SEC settles first AI washing enforcement. (WSJ)

Adani Green says there is no DOJ investigation notice. (Bloomberg)

TikTok’s Fate Now Hinges on the Senate (WSJ)

The EU Corporate Sustainability Due Diligence Directive—March 2024 Update (JDSUPRA)

Survey: CCO Resources, Pressures Both Rising (Radical Compliance)

Data sharing causing concerns for drivers (WGRZ)

‘Not my fault the truck don’t surf’: Florida man arrested after driving car into the ocean (WFLA)

Resources
Kristy Grant-Hart on LinkedIn
Spark Consulting
Tom
Instagram
Facebook
YouTube
Twitter
LinkedIn

What happens when two top compliance commentators get together? They talk about compliance, of course. Join Tom Fox and Kristy Grant-Hart in 2 Gurus Talk Compliance as they discuss the latest compliance issues in this week's episode! In this episode, Tom and Kristy take on a wide variety of compliance-related topics.
The Department of Justice (DOJ) is launching a paid whistleblower initiative, specifically targeting cases of criminal exploitation of the U.S. financial system that slip through the cracks of existing agency schemes. This move has elicited various perspectives, notably from compliance experts Tom Fox and Kristy Grant-Hart. Fox, drawing on his extensive experience in compliance, identifies the program as a vital development, filling a gap in whistleblower compensation efforts. He anticipates that it will compel compliance officers to foster a culture of reporting and enhance efficiency in managing investigations. On the other hand, Kristy, a renowned compliance specialist, also views the initiative positively but expresses concerns about the increased pressure on organizations to ensure compliance.
Despite this, both experts agree that the program is a step in the right direction towards promoting transparency, accountability, and ethical corporate behavior.
 Highlights Include
1.        DAG Monaco Speech (DOJ Release)
2.        Lisa Argentieri Speech (DOJ Release)
3.        CTA struck down (WSJ)
4.        Leadership Lessons from Robert Oppenheimer (WSJ)
5.         State governments move to regulate AI (NYU)
6.         The Percentage Of Corporate DOJ And SEC FCPA Enforcement Actions That Result From A Voluntary Disclosure (FCPA Professor) 
7.         Husband Who Eavesdropped on Wife’s Work Calls Pleads Guilty to Insider Trading (WSJ) 
8.         SEC Adopts Climate Disclosure Rule (Radical Compliance)
9.         Is It Ever OK to Have an 8 a.m. Meeting? (WSJ) 
10.   The Florida Man Games (NYTimes)
Resources 
Kristy Grant-Hart on LinkedIn
Spark Consulting
Tom 
Instagram
Facebook
YouTube
Twitter
LinkedIn

What happens when two top compliance commentators get together? They talk about compliance, of course. Join Tom Fox and Kristy Grant-Hart in 2 Gurus Talk Compliance as they discuss the latest compliance issues in this week's episode! In this episode, Tom and Kristy take on a wide variety of compliance related topics.
In the ever-evolving world of regulatory compliance and risk management, challenges are constant, and strategies must be dynamic. Tom highlights the focus on the Tesla Board, celebrates the OECD at 25, bemoans New Zealand’s drop in the TI-CPI, reviews the HP acquisition of Autonomy and looks at the differences in Binance and FTX enforcement.  Kristy highlights the slave labor allegations, EU sustainability law, the ease of whistleblower restrictions, the EU and AI, and checks in on Florida Woman. Join Tom Fox and Kristy Grant-Hart as they delve deeper into these issues in this episode of the 2 Gurus Talk Compliance podcast.
Topics Discussed:
1.     Chinese Slave Labor Allegations Hold Up VW’s Audi, Porsche, and Bentley Vehicles in U.S. Ports (MotorTrend)
2.     EU Corporate Sustainability Due Diligence Law Most Likely Dead, For Now (Forbes)
3.     US Supreme Court's UBS case makes it easier for whistleblowers to win suits (Reuters)
4.     How EU AI Act May Accelerate Compliance Regime for U.S. Enterprises (WSJ)
5.   The Tesla Board Chair is under scrutiny for oversight of the company.  (NYT)
6.     A tale of 2 corps: Binance and FTX. (Reuters)
7.     OECD at 25.  (The Hill)
8.     No DD, no problem as HP seeks $4bn from Mike Lynch.  (Bloomberg)
9.     New Zealand drops to No. 3 on TI-CPI. (The Conversation)
10.  Woman swipes $1.5 million and splurges on flights, Carnival cruises, Florida cops say (Yahoo)
Resources 
Kristy Grant-Hart on LinkedIn
Spark Consulting
Tom 
Instagram
Facebook
YouTube
Twitter
LinkedIn

What happens when two top compliance commentators get together? They talk about compliance, of course. Join Tom Fox and Kristy Grant-Hart in 2 Gurus Talk Compliance as they discuss the latest compliance issues in this week’s episode! In this episode, Tom and Kristy take on a wide variety of compliance-related topics but begin with their reflections on the FCPA Blog.
In the ever-evolving world of regulatory compliance and risk management, challenges are constant, and strategies must be dynamic. Tom highlights the corruption in Ukraine, Elon Musk loses $55bn and throws a tantrum, and why Brazil wants to punish Transparency International. Kristy highlights the DEI, how to fire employees, remote workforce challenges for a CCO and checks in on Florida Man. Join Tom Fox and Kristy Grant-Hart as they delve deeper into these issues in this episode of the 2 Gurus Talk Compliance podcast.

Highlights Include:
1.     FCPA Blog announces its closing. (FCPA Compliance & Ethics Blog)
2.   A massive corruption scandal was uncovered in Ukraine.  (CNN)
3.     Musk’s $55bn pay package is voided and he wants to move to Texas. (WSJ)
4.   An Ecuadorian official got a $70,000 watch as a bribe. (Bloomberg)
5.     Brazil goes after TI for its CPI. (FT)
6.     Firing employees the right way is part of compliance (FCPA Blog)
7.     Mark Cuban Doubles Down on Support for DEI After Trading Barbs With Anti-Diversity Crusader Elon Musk (Inc.com)
8.     Remote Workforces Create New Challenges for Investigators and Compliance Officers (NAVEX)
9.     New Jersey and New Hampshire Pass Comprehensive Privacy Legislation (Inside Privacy/Covington)
10.  Florida man steals Snoop Dogg’s bobblehead but later has change of heart (Local 10 News)

Resources:
Kristy Grant-Hart on LinkedIn
Spark Consulting
Tom
Instagram
Facebook
YouTube
Twitter
LinkedIn