your program? We’ve all been around this question many, many times. The report clearly identifies this: You can measure activity, but effectiveness is hard to measure. I guess the ultimate piece of data that gives you the answer to that is how many compliance disasters have you had in the past year? There are so many external factors that make measuring effectiveness problematic. But we have tried, and you talk about this in the report, to come up with data points that do try to go to that effectiveness point rather than the activity. We look at key effectiveness indicators vs. KPIs and we present those every year to the audit committee. It was actually the audit committee who asked us for this quantitative data rather than qualitative data. I still don’t know whether I’m satisfied that we are truly measuring the effectiveness of our program, and we are looking into what data and how AI could help us get to a more accurate measure of effectiveness. TF: In the report, we asked the question: How has your organization responded to the challenges of the past few years? Some of the examples we offered were the pandemic, the war in Ukraine and general global economic instability. And we had some interesting responses. Have there been things that you’ve rolled out over the past few years in the face of these new challenges that are now part of everyday practice? Or things that have made a marked improvement in how you operate your program?
10 Compliance Execs Join First Wall Street Journal CCO Council Compliance executives from a range of industries have joined the newly launched Chief Compliance Officer (CCO) Council, sponsored by The Wall Street Journal. Founding members of the invitation-only panel are: • Martin Åberg , chief compliance officer, Assa Abloy • Amanda Archibald , chief ethics and compliance officer, Equinor ASA • Cecile Alibert , chief compliance officer, DB Schenker • Liz Atlee , senior vice president, chief ethics and compliance officer, CBRE • Funmi Olorunnipa Badejo , head of compliance, Palantir Technologies • Nancy Grygiel , senior vice president, worldwide compliance and business ethics and chief compliance officer, Amgen • Imogen Haddon , chief compliance officer, News Corp • Manuel Liatowitsch , group general counsel and chief legal officer, Ringier AG • Matt Miner , executive vice president, global chief ethics and compliance officer, Walmart • Cindy Moehring , founder, executive chair, Business Integrity Leadership Initiative, University of Arkansas, board member, former U.S. chief ethics and compliance officer, Walmart Members will have access to trusted content, networking experiences, peer-to-peer knowledge sharing and a robust calendar of global events, including the inaugural CCO Council Summit on May 2 in London. The CCO Council is led by Nicholas Elliott, head of communities at Dow Jones Risk & Research, who previously served as the founding editor of the WSJ Risk & Compliance Journal. The council joins the publication’s other C-suite executive memberships: the CEO Council, CFO Network, CIO Network and CMO Network.
IH: Yes, Covid made us realize that communication is key to compliance.
One major improvement to our program is that we started up a monthly newsletter called Compliance Connect, which says what it does on the tin. This is sent out to almost 2,000 people at News Corp. It’s a short newsletter, but it tries to feature a focus piece on what we’re thinking about in any month and a date to remember. I actually sent one out today, and it’s all about antitrust this month and the use of dynamic pricing algorithms. It’s something that the DOJ and the FTC are taking a particular interest in and something that is relevant to News Corp. Another feature of the newsletter this month is that we’re reporting on information governance and where you can find your policies.
Q&A: Ty Francis + Imogen Haddon
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