Compliance Lessons from Venice – Episode 1, Doing Compliance the Old Fashioned Way
Description
Welcome to a short podcast series on doing compliance with a Venetian twist. This week, we will examine three areas where Venice’s time-honored methods inform modern compliance practices. Over the next 3 episodes, we will delve into the fundamentals of your compliance regime, explore the use of incentives and consequences to foster a culture of compliance, and explore how the Lion’s Mouth influences your contemporary whistleblower program. In episode 1, we explore the timeless methods of Venice’s construction as a metaphor for effective compliance programs.
Tom looks at some of the essential requirements laid out by the DOJ and SEC for a functioning compliance department, emphasizing the importance of having adequate resources, headcount, and expertise to address compliance issues promptly. Drawing parallels with Venice’s use of a block-and-tackle pulley system, Fox underlines that sometimes old-fashioned methods can effectively meet modern compliance needs. Join us in episode two as we discuss the Arsenale and how to incentivize compliance in corporate culture.
Key highlights:
- The Importance of Compliance Resources
- Centralized Assistance and Guidance
- Expertise and Availability in Compliance
For more information on the Ethico Toolkit for Middle Managers, available at no charge, click here.
Check out the full 3-book series, The Compliance Kids, on Amazon.com.
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