Thomas R. Fox is literally the guy who wrote the book on compliance, with his international best seller The Compliance Handbook now into its third edition. Also going by the monikers of Compliance Evangelist™ and the Voice of Compliance, Tom is unequivocally committed to compliance!
In my conversation with Tom we delve right into the compliance landscape and its impact on leadership. We move from macro to micro issues, encompassing ethical business practices, the relationship between compliance and remuneration, the push for ESG, to international affairs, global trade practices and the role of technology in enabling transparency and accountability. From contingency planning to consistency of approach, the tentacles of compliance reach much further than even I imagined!
The importance of ethical leadership in building trust and credibility
Why you should listen: compliance is not a leadership given
Compliance is tied to continuous learning and resilient leadership
We explore adaptability in leadership
How servant leadership impacts employee engagement
Identifying what’s on the horizon is a leadership responsibility
An expanded worldview of ESG and what it means for leadership now
Take action
Really dig into what could go wrong and how bad it could get.
Make sure that you have compliance and risk as part of your governance practice in your organisation.
About Thomas R. Fox - the Compliance Evangelist®
Tom Fox is the author of international compliance best seller The Compliance Handbook along with 25 other books on business leadership, compliance and ethics and corporate governance, including the international best-sellers Lessons Learned on Compliance and Ethics and Best Practices Under the FCPA and Bribery Act as well as his award-winning series Fox on Compliance.
Tom leads the social media discussion on compliance with his award-winning blog, and is the Voice of Compliance, having founded the award-winning Compliance Podcast Network. He is an Executive leader at the C-Suite Network, the world’s most trusted network of C-Suite leaders. He can be reached at tfox@tfoxlaw.com.
Key moments
Planet Human: The Future of Food [00:00:31]
Planet Zoë: Running and Gratitude [00:01:17]
Compliance and leadership [00:03:48]
Meet Tom Fox, a compliance expert
The importance of compliance training [00:11:26]
The purpose of compliance training and the need to communicate corporate expectations and enforce ethical business practices.
Prevalence of bribery and corruption [00:16:05]
The global economic impact of bribery and corruption, estimating £3 trillion annually lost to the global economy.
Preparing for black swan events [00:18:42]
Black swan events are unforeseen or unprepared-for events and businesses need to have processes and procedures in place for business continuity.
Business changes after the invasion of Ukraine [00:24:46]
Exploration of the five ways in which business has changed following the invasion of Ukraine, including supply chain disruptions and changes in anti-corruption and cybersecurity measures.
ESG and its impact on business [00:26:59]
Explanation of how the Russian invasion of Ukraine strengthened the importance of environmental, social, and governance (ESG) values in business and consumer behaviour.
The future of trade and cybersecurity [00:34:41]
A look at the reshoring, regional trade zones, cybersecurity attacks, and physical security issues in China and Russia.
Trade embargoes and market diversification [00:36:23]
Talks about the trade embargoes imposed by China on Australian products and the need for market diversification.
The power of ChatGPT and leadership advice [00:38:59]
Explores the use of ChatGPT for information retrieval and the importance of resilience and learning from mistakes in leadership.
Why Corporate Compliance Function Should Exist Separately [00:47:11]
Explanation of the importance of having a separate compliance programme within an organisation for regulatory purposes.
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About your host, Canberra leadership expert Zoë Routh:
Zoë Routh is a leadership futurist, podcaster, and multiple award-winning author. She works with leaders and teams to navigate future horizons.
She has worked with individuals and teams internationally and in Australia since 1987. From wild Canadian rivers to the Australian Outback, and the Boardroom jungles, Zoë is an adventurist! She facilitates strategy and culture sessions with audacious teams.
Zoë's fourth leadership book, People Stuff - Beyond Personality Problems: An advanced handbook for leadership, won the Book of the Year at the Australian Business Book Awards in 2020. Her fifth book is a near future science fiction dystopian novel, The Olympus Project.
Zoë is the producer of the Zoë Routh Leadership Podcast, dedicated to asking “What if…?” and sharing Big Ideas on the Future of Leadership.
Zoë is an outdoor adventurist and enjoys telemark skiing, has run six marathons, is a one-time belly-dancer, has survived cancer, and loves hiking in the high country. She is married to a gorgeous Aussie and is a self-confessed dark chocolate addict.