Social Media Week Part VI – Social Media and CCO 3.0

Thomas Fox – The FCPA Compliance Report – August 10, 2015

I conclude this exploration of the uses of social media in doing compliance by exploring why the compliance function is uniquely suited to using social media tools. Long gone are the days when Chief Compliance Officers (CCO) or compliance practitioners were lawyers housed in the Legal Department or the General Counsel’s (GC’s) office writing policies and procedures and then putting on eight hour training programs on same. Donna Boehme has written passionately about CCO 2.0 and the structural change to separate the CCO role from that of the GC because of the differences in focus of a CCO and GC. Simply put, a GC and legal department is there to protect the company while the CCO and compliance function exists to solve problems before the company needs protections from them.

Freed of the constraints to write policies and procedures by lawyers for lawyers, the profession has moved to integrating compliance directly into the fabric of the company. I often say that a Foreign Corrupt Practices (FCPA) compliance program is a business solution to a legal problem. The problem is how to comply with the FCPA and other anti-corruption regimes. The solution is to burn compliance into the DNA of your company so that it is not only owned by the business unit but also acted on by the business unit in its day-to-day operations.

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Read this article on the FCPA Compliance Report.

Mike Scher: Federal healthcare guidance already demands Compliance 2.0 standards

Mike Scher – The FCPA Blog – April 28, 2015

During the past month, I’ve been in London at the SCCE European initiative conference and last week at the Florida convention of the Health Care Compliance Association. The month has been an opportunity to gain some new perspective on the community of global compliance officers.

As discussed in the prior post, compliance officers outside America struggle with conditions inside their companies. At the same time, they understand the need for proactive compliance to change their companies and wider communities.

In contrast, compliance officers in healthcare enjoy remarkable support from their chief regulator. The Inspector General of the U.S. Department of Health and Human Services, Daniel R. Levinson, spoke at their annual conference in Florida. He paid tribute to compliance officers and used the occasion to announce the release of important guidance for boards of healthcare organizations.

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Read this article on The FCPA Blog.

Compliance 2.0 professionals come in from the cold

Mike Scher – The FCPA Blog – April 20, 2015

In the black-and-white world of Compliance 1.0, compliance officers labored alone, emerging now and then to nag the sales force about sticking to the rules and staying out of trouble. The sales people and others spent a lot of time pointing fingers at compliance — the Department of No, the Division of Sales Prevention, the Anti-Profit Police.

Fast forward to the Technicolor world of Compliance 2.0. Today compliance is all about staying connected. If you lack the willingness to get connected, you can’t do the work. Compliance 2.0 means sharing and collaborating to solve the hardest corporate problems. Only teams can run innovative global business systems and think about the broader community welfare.

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Read this article at The FCPA Blog.