Leadership Lessons: How to Build the Right Vision

Leadership Lessons: How to Build the Right Vision

Let’s say that you’re the coach of a team in the last moments of the championship game. Your team is behind with little chance of winning. You can choose to say, “It looks like we’re going to lose, but do your best out there!” or “Team, we’re mere moments from victory. We’ll win if we go all in!”

If you think about it, both statements are true. While the team is more likely than not to lose, they could also be just moments from victory. How you frame the conversation will determine how the players see it.

Building the Right Vision

In David J. Schwartz’s timeless classic The Magic of Thinking Big, the author tells readers to “Promise victory and win support. Build castles, don’t dig graves!” Schwartz implores readers to anticipate success and to speak about it as if it were imminent. He stresses that great leaders focus on the expectation of a positive outcome, even if a bad outcome is more likely.

Setting the expectation of success allows people to believe it is possible. This is true both for your team and the business as a whole. If you tell your team that they’ll never get above 50% participation in the Ethics and Culture survey, they won’t be inspired to push the business and to work with the Communication department to come up with innovative ways to get people interested in taking the survey. Likewise, if you tell the business that data breaches are inevitable and a cost of doing marketing, they are less likely to come to you to try to figure out how to stop them before they happen.

Speak positively with conviction that the best outcome is not only possible, it’s probable.

Reframing the Situation

If you find yourself in a difficult situation…

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Wouldn't you like to use real-life scenarios in training (the easy way)

Wouldn't you like to use real-life scenarios in training (the easy way)

We’ve all been told that using real-life scenarios is the best way to train people, and it’s true! But it’s also true that developing real-life scenarios can take days, if not weeks, and is…hard. That’s where Compliance Competitor comes in. We have drafted huge numbers of base scenarios that can be customized to fit your business. You don’t have to go it alone. Check out www.compliancecompetitor.com to find out more, or email info@compliancecompetitor.com to see a demo.

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Make Your Life EASIER with Recycling

Make Your Life EASIER with Recycling

We’ve all heard the phrase, “reduce, reuse, recycle.” What’s good for the Earth can also work well for your professional life as a compliance officer. After all, you’re expected to produce a tremendous amount of material throughout the year. From policies to procedures, training videos to emails, you’re expected to consistently create content.

Instead of constantly running on the hamster wheel at full pace each day, try bringing the concept of recycling into your job. How do you do that? Start with the “Rule of Three.”

The Rule of Three

The Godfather of Compliance, Joe Murphy, created the rule of three. It means that he aims to use each piece of content he creates in at least three ways. If he’s created a blog post, he’ll use the topic for a podcast, and to post to LinkedIn. He makes sure that the work is used in multiple ways.

You can use the rule of threes in your job. Let’s say you created a really clever gifts and hospitality email for the holiday season. Instead of simply mailing it out and deleting it, you could…

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PODCAST! The Future of Third-Party Management with me and Tom Fox

PODCAST! The Future of Third-Party Management with me and Tom Fox

I’m delighted to share my podcast interview with the inimitable Compliance Evangelist himself, Tom Fox. In this fast-paced discussion, we’ll go through:

  • Why third-parties are still the biggest compliance nightmare

  • Why it is inevitable that we will get to multi-risk integrated third-party management

  • What we can do today to begin multi-risk management

  • How to handle third-party monitoring and auditing concerns

  • What has changed with third-party management in the COVID world

  • What will happen in 2025 and beyond

You don’t want to miss these insights to help your program now and in the future!

Take a listen HERE (https://bit.ly/2Poq1wz).

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Code of Conduct Refresh? (ugh!) - Five Top Tips for Success!

Code of Conduct Refresh? (ugh!) - Five Top Tips for Success!

I’ll admit it. When I was a new CCO, I had absolutely no idea how big an undertaking it would be to publish the company’s first Code of Conduct. I scheduled about three months – that should be enough to draft the 30 pages or so, get it approved, designed, and published, right? I hear some of you laughing. Until you’ve undertaken a Code write or rewrite, you don’t know what you don’t know. And even if you do know, it can still be shocking when you’re having the sixth meeting about whether the entire gifts and entertainment policy needs to be repeated in the Code or whether the policy can simply be linked from the document.

Creating or rewriting a Code of Conduct can be a daunting prospect, but it can be less taxing and more efficient if you set yourself up for success in the beginning. Here are five tips to do just that.

No. 1: Create a Working Group of the Willing

Code writing is not a thing to attempt on your own. You’re setting the tone for the entire company, and it's important to create a document that will resonate with the entire employee population. A working group populated with people from various functions, geographies, and levels of seniority will help you to get this right.

Many compliance officers tell people that they will be on the Code rewrite working group. Instead of telling, try asking. You want the people on the Code working group to be genuinely interested in the project and to believe that the output is important. Reading the document three, four, or five times can be tedious, even for people who care about it. Try to bring in a team that wants to be there. It’s better to have the mid-level manager of human resources enthusiastically participating than the Chief Human Resources Officer who never sends any comments because they can’t be bothered to sit down with the review copy.

No. 2: Find Three Codes You Like to be the Guides…

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Compliance Competitor is LIVE!

Compliance Competitor is LIVE!

Compliance Competitor has launched, and the response has been tremendous! Last Tuesday we unveiled our highly-anticipated business simulation group training game software that will have your employees actually looking forward to compliance training. Groups compete (via Zoom, in person, or a combination) using real-life scenarios. They see the effect of their choices via stock price movement, revenue increase/falls, fines, and net operating income. Best of all, the scenarios are COMPLETELY CUSTOMIZABLE for the business.

The game was developed with input from Dr. Hayes, an educational psychologist with 20+ years in the field. We've ensured adult learning best practices are used throughout for maximum engagement and effectiveness. Ethical dilemmas are woven into every scenario to ensure ethics and compliance training.

Curious to see a demo? Email us at info@compliancecompetitor.com, or find out more at www.compliancecompetitor.com

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Top Five Tips for Rocking Your Board Presentations!

Top Five Tips for Rocking Your Board Presentations!

The first time I went before the board, I thought I was going to pass out. As the seconds ticked down before my allotted time, I sat in my hotel room staring in the mirror telling myself over and over that I knew my stuff and was ready. Once in the meeting, the time flew by, and luckily, I escaped unscathed.

These days I do presentations to boards all the time – usually presenting findings from compliance program reviews or risk assessments that we’ve done at Spark Compliance. I’ve also spent many hours preparing our clients to make presentations themselves. Over the years I’ve seen good presentations, great presentations, and disastrous presentations. How can you ensure you’re going to do a great job? Here are five top tips for rocking your presentation to your board.

No. 1: Plan Not to Have Time, and Work Backwards

A CCO I know is utterly fed up with being placed last on the agenda at every board meeting. Typically, she’s scheduled for half an hour, and as the day passes and presentation after presentation runs over, she frequently only has five minutes to present – and it’s always the last five minutes before drinks! To manage this, she’s learned a great technique that I call “countdown.”

When looking at the agenda for what she wants to present to the board, she mentally orders it in importance. If she has four topics – say (a) presentation of quarterly metrics, (b) discussion of a critical investigation’s outcome, (c) update on the training plan, and (d) presentation of next year’s budget requests – she’ll decide her order is (b), (d), (a), (c). She’ll then decide if she has:

5 minutes = (b) only

10 minutes = (b) and (d)

20 minutes = (b), (d) and (a)

30 minutes = (b), (d), (a) and (c)

This allows her to use her time most effectively, even if she has to shorten her presentation. To compensate for this…

No. 2: Rely on the Pre-Read

Do some board members skip the pre-reads or ignore the materials presented to them entirely?…

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