Happy Holidays! We're off next week.
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Wishing all of you a very happy season of light and love. We're off next week, but we'll be back in January with content made to make your job easier and more enjoyable. Happy Holidays!!
Read MoreWildly Effective Compliance Officer Tip of the Week! 131
/WAIT! Before you hit send… check for this…
PODCAST: Leveling Up your Career in a GREAT new Podcast!
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There’s a brand new podcast that EVERY compliance officer should subscribe to right now! It’s called “Great Women in Compliance with Mary Shirley and Lisa Fine.” I’m so grateful to be featured in one of the premiere episodes, “Leveling Up in the Compliance Field with Kristy Grant-Hart.” In it we discuss:
How to position yourself to get on Boards
What to do if you’re thinking about leaving private practice to go into compliance
What to do if you want to be a consultant or an entrepreneur in the compliance field
And much more!
You don’t want to miss this! Listen HERE or at https://apple.co/2Qia6iU, or search for Great Women in Compliance in your favorite podcast player.
Read MoreLesson from Formula One: Don't hide behind your desk!
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This is a guest post written by Patrick Henz. Patrick is and author, as well as Head of Governance & Compliance US and Regional Compliance Officer Americas.
Eddie Jordan began as a racing driver before he founded his own team. Starting in the British Formula 3 Championship, the team entered 1988 the Formula 3000-series. Here he had a good eye for young talents, as in these three years he signed drivers as Johnny Herbert, and the later Ferrari drivers Eddie Irvine and Jean Alesi. With the latter, Jordan won the ’89 championship. Inspired by this success, Jordan Grand Prix entered in 1990 the Formula 1 circus. Due to its relative small budget, the team signed young talented drivers, such as Michael Schumacher and Rubens Barrichello. Together with more sponsors came also experienced drivers, like Damon Hill, Ralf Schumacher, Heinz-Harald Frentzen and Giancarlo Fisichella. Thanks to the talented drivers and a solid car, Jordan Grand Prix remains one of only five current teams to have won multiple races in the past 25 years.
In the podcast “F1: Beyond the Grid” Eddie Jordan had a precious recommendation for all kind of entrepreneurs, which at the same time is also valid for Compliance professionals: “Don’t hide behind your desk!”
To become a successful Compliance Officer it is not enough to follow procedures and execute controls you closed office, but instead you must meet the employees at their places. The goal for a Compliance Officer should be to become recognized as a “trusted advisor”. This includes two sub-roles, being a trusted expert, but also a trusted colleague…
Read MoreWildly Effective Compliance Officer Tip of the Week - 130
/How following up on the little personal things can make a BIG impact!
Let's Meet up in Berlin!
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If you’re a savvy compliance officer who is already thinking about which conference(s) to attend next year, why not add Berlin to your list! This year the European Compliance and Ethics Institute is being held in my favorite Germany city, Berlin! I’ll be co-presenting a session called, “Launching Ladies into Senior Leadership." We’re focusing on up-skilling professionals to get promotions, negotiate raises (or your next job), find and keep mentors and champions and network like a boss! Join me by signing up HERE! Can’t wait to see you there!
Read MoreChecklist for Getting the Holiday Policy Reminder Right!
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“DON’T HAVE ANY FUN! IT’S AGAINST THE POLICY!” This message is what many employees hear when they read the annual reminder about the gifts and hospitality policy that comes out this time of year.
It can be a struggle to craft the proper email or video message. After all, your desire is to help the employees not to get into trouble, but if your tone is off, or your message doesn’t do its job, you may be seen as a Grinch. Here’s how to make sure your message hits the sweet spot (complete with handy checklist!):
Open Festively
Open your message by saying something positive about the holidays. This will show that you are part of the fun and are in the spirit of celebration. Try something like, “It’s that wonderful time of year when everyone is showing their gratitude for a job well done and good relationships;” or “Everyone loves a holiday luncheon and a chance to show appreciation for the good work that has been done throughout the year.” Once you’ve shown that you understand the reason for the season, and can relate to it, only then should you begin to talk about policy.
Go Positive – what can they do?
Far too many compliance messages highlight what can’t be done. Instead of being a downer, start with what can be done. Let’s say you have a gift giving and receiving limit of $100. Instead of saying, “Any gift over $100 must be immediately reported to Compliance,” you could try, “Feel free to give and receive gifts up to the $100 limit.”
If your policy allows for employees but not their spouses / partners to attend holiday meals and outings, you can say, “We encourage your participation in business-related holiday events and meals, and remind you that partners and spouses can accompany you, but only if you are individually paying their way.”
Start with what they can do, so they can plan around it.
Be Specific with the Details …
Read MoreWildly Effective Compliance Officer Tip of the Week - 129
/How changing up your coffee routine can make you much more effective!
