To leave a legacy of operational excellence in compliance is what Global Chief Compliance Officer, Strategic Leader, and Partner at StoneTurn Jonathon Kellerman hopes to achieve in this dynamic industry.  He has been at the forefront of the evolution of compliance programs in health care, life sciences, and pharmaceuticals with over 25 years of experience in compliance strategy, program development and execution; controls design; operational excellence; risk assessment and mitigation;...

The compliance sphere is exciting as it is challenging to look into how the risk landscape is quickly changing. In this episode, Compliance Evangelist Tom Fox engages in a power-packed conversation with Jonathan Marks, a long-time professional in internal audit and thought leader in the compliance space.  Tune in and extract valuable insights as they go deep on the evolution of the internal audit profession since implementing the SOX Act of 2002, the arc of professionalism in compliance, the...

Ten years ago, Compliance was all about policies and procedures that are mere guidelines that hugely unaddressed how to measure compliance effectiveness, identify the metrics, and look at the accounting data. Internationally recognized anti-fraud and compliance thought leader Vincent Walden shares his insights on how far we've come since then. He talks about the practical strategies, tools, and techniques used in fraud detection and prevention applied to compliance and how data and data...

Compliance Evangelist Tom Fox shares the screen with Philip Winterburn, Founder and Chief Strategy Officer of Convercent, in yet another engaging conversation here at The Compliance Handbook podcast. Listen in as Philip shares his journey in compliance, the revolution that Convercent software created in the ethics space, and what he's seen from his perspective over the past decade.  Key takeaways in the episode: ✔️ Glean lessons how Philip's love for mathematics led him in applying technology...

In this special episode, Compliance Evangelist Thomas Fox sits in an engaging and value-packed discussion with Hui Chen, former compliance consultant to the U.S. Department of Justice's Fraud Section and now chief integrity officer for the Hawaii Attorney General's office. KEY TAKEAWAYS: ✔️ Hui advocates the need for a very interdisciplinary approach to compliance. Practitioners should become open to learning about social sciences and quantitative and qualitative studies, scientific...

Compliance Evangelist Tom Fox sits in for an insightful yet powerful conversation with James Gellert, Chairman and Chief Executive Officer (CEO) of Rapid Ratings International. In this episode, glean the lessons that companies should never forget from the 2008 Financial Crisis to the Coronavirus health crisis and the total evolution of the business of compliance.  Key points discussed in this episode: ✔️ Finance and financial health is an excellent example of a risk area that historically...

In 2021 amid the pandemic, the risks haven't changed, and the enforcements are still mostly related to third parties. In this new episode, compliance consultant Vanessa Rossi explains the importance of third-party risk management for companies and how they should look at program enhancement. Key points discussed in this episode: ✔️ Socializing across the entire employee base is essential to education and training. What is the law? Why are we doing this? Is it a risk for us? And why do we...

The Evolution of Controls with Eric Young Effective controls are the lifeblood of what makes a compliance program work. In today's episode of The Compliance Podcast, Thomas Fox sits down with former Global Chief Compliance Officer Eric Young and talks about internal controls, how human conscience overrides technology and emphasizing the long-term benefits of running clean organizations in the compliance space.  Major takeaways discussed in the episode: From financial institutions to public...

Culture is the Foundation with Eric Feldman and Vin DiCianni As we witness the evolution of work environments in the new normal, what will not change is the importance of building culture. Every successful compliance program takes roots in an organization's values and principles that determine how employees behave and approach situations. In today's episode of The Compliance Handbook Podcast, host Thomas Fox is joined by industry experts Vin DiCianni, founder and President of Affiliated...

Business Ventures with Brandon Daniels In today's episode of The Compliance Podcast, Thomas Fox is joined by regulatory expert and technology practitioner Brandon Daniels, President of Exiger - Global Markets.  Tune in to the episode as Thomas and Brandon share an interesting discussion about trending compliance risks and business ventures. Major takeaways discussed in the episode:   Be reminded that third parties are essentially part of a company's ecosystem as well. Brandon Daniels...

Third parties are still perceived as the most prominent high risk for companies. Other than bribery and corruption -- modern slavery/human trafficking, data privacy, information and cybersecurity, anti-money laundering, and other areas are requiring third-party integrated risk assessment and planning.  Compliance and data privacy law thought leader Kristy Grant-Hart, CEO of Spark Compliance Consulting, offers an innovative approach and inspiring perspective in this conversation.   Major...

The Human Resources and Compliance departments play a crucial role in building a healthy workplace culture to stay relevant and succeed.  Many organizations face significant structural deficiencies that fail to bridge the gap between Compliance and H.R. In terms of structure, most often, there is a failure in defining roles and responsibilities that tends to be confusing to the management, which looks inefficient or redundant.   Like a well-oiled machine, a company functions seamlessly if...

Internal Controls Internal controls are an organization's processes, regulations, and practices for maintaining corporate governance's accuracy in fostering transparency and avoiding fraud. Internal controls may help enhance operating performance by improving the accuracy and reliability of financial statements, in addition to compliance with laws and legislation and discouraging workers from embezzling assets or committing fraud. In another uber-treat episode of The Compliance Handbook,...

Innovation in Compliance with Ben Locwin Companies need to be more innovative when it gets down to compliance. Thus, compliance practitioners should ensure that ethics and compliance are central to the business operation in response to today's evolving and fast-paced regulatory environment. Consequently, compliance programs should be innovative, behavior-based, yet consistent with organizational systems and policies.  However, one loophole with many compliance officers is they have legal...

Written Standards & Great Women In Compliance with Mary Shirley & Lisa Fine The definition of a successful compliance program is not foreign for many compliance specialists. However, the challenge is to understand what it truly means for a compliance program to be effective.  Most organizations claim that the central meaning of compliance is to define and enforce guidelines and standards that can minimize the possibility of a violation of compliance. Though, the truth remains that...

Effective Compliance Program Hallmark: Training and Communication with Ronnie and Ricardo Organizations take measures to articulate their policies and guidelines realistically. Doing this ensures that they can promote their compliance and ethics programs to people with unique positions and obligations by meaningful preparation and exchanging knowledge relevant to them. However, due to their limited understanding of the hallmarks of effective compliance, specifically training and...

The Board's overarching intention is to maintain a company's growth and success by overseeing its affairs while fulfilling its owners and critical parties' appropriate needs. On a case-by-case basis, it is for the Board to judge which participants it treats as 'important' and which of its concerns is necessary to comply with, keeping in view the legislation, the relevant laws, and market considerations. A board of directors does a uniquely challenging range of obligations and obstacles in...

How Do You Create an Effective Compliance Program with Stephen Martin  The compliance department is frequently viewed by companies as an afterthought. Many companies scramble to bring procedures in place only on time or after it’s too late. Worse still, the position is siloed by several companies, with the sales team seeing compliance officers mostly as too fast to respond "No!".    Ironically, though, businesses lacking a compliance culture frequently contend with more disciplinary measures...