We have been getting accountability all wrong in the compliance profession. It's not a set of tasks - it's a way of thinking and it has to come from the heart as well as the head. On Accountability: The Heart of Compliance Tom Fox and Sam Silverstein dig into what accountability means to the corporate compliance function and business organizations and most significantly, how to make it an integral part of your culture. In this episode Sam and I, talk about why accountability is good for the bottom line and why it will work for your organization. Some of the highlights include:  Accountability is even more during the time of Coronavirus. Accountability is a way of thinking and a way of acting. How does accountability help drive greater ROI and the bottom line. For more information on Sam Silverstein and his work on accountability, click here.

Accountability: The Heart of Compliance

Accountability Goes Straight to the Bottom Line

We have been getting accountability all wrong in the compliance profession. It's not a set of tasks - it's a way of thinking and it has to come from the heart as well as the head. On Accountability: The Heart of Compliance Tom Fox and Sam Silverstein dig into what accountability means to the corporate compliance function and business organizations and most significantly, how to make it an integral part of your culture. In this episode Sam and I, discuss accountability during this time of the Coronavirus health crisis and economic dislocation. Some of the highlights include: Why does accountability matter even more during the time of Coronavirus? Why leaders must be transparent in their communications during these times. What you were doing as a leader before the crisis hit? Stewardship is a key part of accountability. How to be accountable during a crisis? For more information on Sam Silverstein and his work on accountability, click here.

Everything is Fine, When Everything is Fine

We have been getting accountability all wrong in the compliance profession. It's not a set of tasks - it's a way of thinking and it has to come from the heart as well as the head. On Accountability: The Heart of Compliance Tom Fox and Sam Silverstein dig into what accountability means to the corporate compliance function and business organizations and most significantly, how to make it an integral part of your culture. In this episode Sam and I, consider personal accountability during this time of the Coronavirus health crisis and economic dislocation. Some of the highlights include: Why are rational commitments so critical? Why leaders must be committed to all employees. Be accountable outside the office as well. As a leader are you a steward to all stakeholders? For more information on Sam Silverstein and his work on accountability, click here.

Personal Accountabiliity During the Time of Coronavirus

We have been getting accountability all wrong in the compliance profession. It's not a set of tasks - it's a way of thinking and it has to come from the heart as well as the head. On Accountability: The Heart of Compliance Tom Fox and Sam Silverstein dig into what accountability means to the corporate compliance function and business organizations and most significantly, how to make it an integral part of your culture. In this episode Sam and I conclude our three-part series to considering the current disaster Boeing finds itself in from the accountability perspective and what it might do to crawl out of the deep hole it finds itself in. In this Part 3, we consider accountability to other stakeholders and what accountability means in a heavily regulated industry. Some of the highlights include: What is the role of honor in accountability? What are the three standards of an accountable legacy? The role of culture is well understood in the compliance community. What is the role of accountability in creating and sustaining a great culture? For more information on Sam Silverstein and his work on accountability, click here.

Boeing, Part 3-Creating An Accountable World

We have been getting accountability all wrong in the compliance profession. It's not a set of tasks - it's a way of thinking and it has to come from the heart as well as the head. On Accountability: The Heart of Compliance Tom Fox and Sam Silverstein dig into what accountability means to the corporate compliance function and business organizations and most significantly, how to make it an integral part of your culture. In this episode Sam and I continue our three-part series to consider the current disaster Boeing finds itself in from the accountability perspective and what it might do to crawl out of the deep hole it finds itself in. In this Part 2, we consider accountability by management to the employees and other stakeholders. Some of the highlights include: ·      What is the Leader’s Commitment to Accountability? ·      Why should the new Boeing CEO rent out CenturyLink Field?  ·      How did Boeing fail in the commitment to create a safe space for employees? How can that trust be regained? ·      What is an employee’s commitment to a good reputation? Why is this a long-term commitment? What can Boeing leadership do to commit to accountability in the long term? For more information on Sam Silverstein and his work on accountability, click here.

Boeing, Part 2-Accountability from Management

We have been getting accountability all wrong in the compliance profession. It's not a set of tasks - it's a way of thinking and it has to come from the heart as well as the head. On Accountability: The Heart of Compliance Tom Fox and Sam Silverstein dig into what accountability means to the corporate compliance function and business organizations and most significantly, how to make it an integral part of your culture. In this episode Sam and I begin a three-part series to consider the current disaster Boeing finds itself in from the accountability perspective and what it might do to crawl out of the deep hole it finds itself in. In this Part 1, we consider accountability from employees to their fellow employees and up towards management. Some of the highlights include: ·      What is an employee’s commitment to values in an organization? What are your Foundational Values? Your Relational Values? Your Professional Values? Your Community Values? ·      How employees commit to ‘it’s all of us’ so that all employees rise or fall together?  ·      Is bringing in a new CEO enough or must an organization do more? ·      What is an employee’s commitment to a good reputation? How do you get alignment in word and deed to commit to accountability? For more information on Sam Silverstein and his work on accountability, click here.

Boeing, Part 1-Accountability from Employees

We have been getting accountability all wrong in the compliance profession. It's not a set of tasks - it's a way of thinking and it has to come from the heart as well as the head. On Accountability: The Heart of Compliance Tom Fox and Sam Silverstein dig into what accountability means to the corporate compliance function and business organizations and most significantly, how to make it an integral part of your culture. In this episode we consider a recent example of the lack of accountability in the corporate world, Wells Fargo and the complete disconnect between what the (former) CEO was saying and the reality on the ground for employee. Some of the highlights include:  Why are there disconnects from what senior leadership says or believes and life in the trenches for employees? How does an organization turn things around? Is bringing in a new CEO enough or must an organization do more? Why is transparency is still the best disinfectant? For more information on Sam Silverstein and his work on accountability, click here.

Wells Fargo and Overcoming the Disconnect

We have been getting accountability all wrong in the compliance profession. It's not a set of tasks - it's a way of thinking and it has to come from the heart as well as the head. On Accountability: The Heart of Compliance Tom Fox and Sam Silverstein dig into what accountability means to the corporate compliance function and business organizations and most significantly, how to make it an integral part of your culture. In this episode we consider a recent example of accountability in the corporate world, courtesy of Delta Airlines. Some of the highlights include: ·     Accountability means ‘your problem is my problem’.·     Accountability means keeping your commitment to others. ·     When your organization is accountability to your community it inspires your employees.·     How accountability informs your core values. For more information on Sam Silverstein and his work on accountability, click here.

Episode 4-Delta Airlines Demonstrates Accountability

We have been getting accountability all wrong in the compliance profession. It's not a set of tasks - it's a way of thinking and it has to come from the heart as well as the head. On Accountability: The Heart of Compliance Tom Fox and Sam Silverstein dig into what accountability means to the corporate compliance function and business organizations and most significantly, how to make it an integral part of your culture. In this episode we consider the process for building a culture of compliance. Some of the highlights include: ·     How to perform an accountability assessment?·     What is a core values evaluation?·     How can you both discover and assess your company’s core values?·     How can you establish core values?·     How can you disseminate your core values throughout your organization? For more information on Sam Silverstein’s Consulting and Organizational Development, click here.

Episode 3-The Process of Building a Culture of Compliance

In this episode of Accountability in Compliance, our hosts Sam Silverstein and Tom Fox and get into the details surrounding the recent speculation around KPMG for fraudulent conduct such as bribery to PCAOB employees to obtain audit schedules, and cheating scandals around ethics in compliance. Stepping on the Accountability ScaleAs talked about on last week’s show, accountability is about showing commitment to people and to values. Sam finds it ironic that, on the KPMG website, the CEO states their core values but over the last few years, KPMG has been found guilty of many, many fraudulent conducts, which pretty much brings their so-called core values down to a lie. He questions the fact that people would still want to do business with liars even after the facts have been publicly exposed. Sam says the lack of accountability is not only to be blamed on KPMG; it is also on our society for allowing such an organization to continue. Is Change Possible?According to Sam, if KPMG wants to make a change, first of all, the senior leadership has to believe in the supposed core values of the organization. If the senior leadership goes around the values, then everyone else in the organization will feel it is acceptable to go around the values, as well. As soon as you are making a decision that doesn’t connect to the values, you are sending out the message that value doesn’t count. Another - albeit more drastic - way to make a change is to not allow anyone who doesn’t share the values to stay in the organization at all, thus ensuring that everyone in the organization understands that values matter and so, there are no ethical problems encountered. It has to be a full-on commitment from the top down. Building Trust AgainSam says in order for customers to regain trust in KPMG, the CEO has to first ‘clean the house from the top down’ and prove over time that they are changing things and that in the future, they make sure to hire people that are from the get-go aligned with the core values of the organization. 

When a Company Loses Trust

Sam Silverstein and Tom Fox, hosts of the new offering from the Compliance Podcast Network, want to welcome you to Accountability: The Heart of Compliance. Tom asks Sam to share with listeners - why exactly is he so passionate about accountability? A Little Foundation What is accountability? Sam explains it is the foundation for being the best we can be. He says we all got it all wrong: we tend to think accountability is a way of doing things, but it is actually a way of thinking things. Sam shares how he has discovered some amazing things through prioritizing accountability - especially commitment; keeping commitments to people, commitments to the truth, commitments to values. And as a leader, when you show commitment, employees want to show commitment back to you. Integrity Is an All-Around Thing Sam notes that we often tend to think there’s a big difference between our personal lives and our professional lives but in reality, if we choose to live a life of integrity, that means all areas of our lives have to agree, have to align, whether at home, on the beach or in the business. What Does it Mean for Business? There are a lot of organizations that operate with a lot of money but little integrity. Sam believes if you run a business with integrity, you will end up with much more money over the long haul, even if it takes more time. Treat your team members with integrity, and they will put in the work and in turn, they will treat your customers the right way. In small businesses, it can be easy for a leader to succumb to pressure, but it’s important to remember to keep making decisions based on what’s right and not based on money only. What Are the Benefits of Accountability? Sam talks about the responsibilities of an employee: getting the job done and done right, on a timely basis. When a leader is committed to making every decision based on values, employees are inspired to want to make those same commitments in return, be more engaged and take a ‘rather-die-than-let-you-down’ attitude because they know that their leader has the same attitude towards them. Ultimately, he says the quality of work reflects the relationship between the leader and the employee. 

The Far-Reaching Benefits of Accountability

We have been getting accountability all wrong in the compliance industry. It's not a set of tasks - it's a way of thinking and it has to come from the heart as well as the head. On Accountability: The Heart of Compliance Tom Fox and Sam Silverstein dig into what accountability means to the corporate compliance function and business organizations and most significantly, how to make it an integral part of your culture.

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Accountability: The Heart of Compliance

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