Category: Podcasts

Episode 143 — The Boeing Safety Scandal and the Demise of Boeing’s Corporate Culture

Boeing Airlines was the leader in safety and financial success.  Unfortunately, Boeing has suffered a significant fall from grace as a result of its 737 Max safety record and two devastating crashes in Indonesia and Ethiopia. The Boeing safety scandal has had a devastating impact on Boeing’s performance and uncovered a corporate culture that has been obsessed with financial performance to the detriment of safety...

Episode 142: Covid-19: The New Risk and Compliance Framework

The Covid-19 pandemic has had a devastating impact.  Businesses have had to adjust rapidly to a new world, filled with significant healthy and safety risks, along with business survival and continuity issues.  Companies have reacted with crisis management strategies.  As part of this response, companies have to implement a new risk profile and allocate resources accordingly. In this episode, Michael Volkov reviews the new risk...

Episode 141 — Practical Approaches to Managing Beneficial Ownership Risks (Part II of II)

In a two-part series, Michael Volkov examines the continuing problem of identifying and mitigating beneficial ownership risks.  Money launderers and corrupt individuals continue to rely on corporate structures to disguise their ownership interests to further illicit schemes.  Companies have to develop strategies that practically address the risks without dedicating disproportionate resources to the problem. In the first episode, Michael Volkov discusses beneficial ownership risks and...

Episode 140 — Addressing Beneficial Ownership Interest Risks in Your Compliance Program (Part I of II)

In a two-part series, Michael Volkov examines the continuing problem of identifying and mitigating beneficial ownership risks.  Money launderers and corrupt individuals continue to rely on corporate structures to disguise their ownership interests to further illicit schemes.  Companies have to develop strategies that practically address the risks without dedicating disproportionate resources to the problem. In the first episode, Michael Volkov discusses beneficial ownership risks and...

Episode 139 — DOJ Resolves Two Food Safety Criminal Cases: Blue Bell Creameries and Chipotle Mexican Grills

The Justice Department recently resolved two food safety criminal cases involving Blue Bell Ice Cream and Chipotle Mexican Grills.  In its largest food safety recovery to date, Chipotle agreed to a three-year deferred prosecution agreement and paid $25 million.  In the Blue Bell Ice Cream case, Blue Bell agreed to plead guilty and pay $19.5 million in fines and penalties.  Blue Bell’s former CEO, Paul...

Episode 138: Employee Relations and Engagement in the New COVID-19 Pandemic Era

Companies face new challenges in employee relations and promoting employee engagement in the COVID-19 pandemic era.  Companies have to ensure employee a safe workplace with appropriate modifications to mitigate COVID-19 risks.  At the same time, companies have to reinforce the importance of reporting employee concerns, and respond to these concerns in a prompt and reliable manner. In this episode, Michael Volkov discusses the new employee...

Episode 136 — Justice Department Fraud Enforcement in the Pandemic Era

The Justice Department and the FBI have quickly acted to focus on fraudsters and hoarders who are preying on the public panic in response to the pandemic. DOJ has focused on new fraud schemes promising miracle cures and other means to take advantage of the public on the Internet.  At the same time, DOJ and the FBI have targeted hoarders of critical medical supplies who...

Episode 132 — Key Elements of an Effective Antitrust Compliance Program

Companies need to review and enhance their antitrust compliance programs, especially those companies with tangible antitrust risks. In designing an effective antitrust compliance program, there are five key elements to an antitrust compliance program: (1) Risk Assessment;  (2) Culture and Senior Management Buy-In; (3) Monitoring and Testing; (4) Training; and (5) Speak Up and Reporting Systems. In this Episode, Michael Volkov discusses the key elements of an...