Eric Young on the Evolution of the CCO

Welcome to the award-winning FCPA Compliance Report, the longest running podcast in compliance. In this special episode, I am joined by Join Eric Young from Guidepost Solutions. Young has worked at prestigious institutions like JPMorgan, General Electric, S&P Global Ratings and BNP Paribas and shares his expertise to empower employees, looking to move ahead processes, find solutions and navigate through compliance issues. Tom and Eric talk about the highlights of the Monaco Memo, updates on the Corporate Enforcement Policy, a case study from ABB to showcase the role of the CCO and how firms should interpret Department of Justice speeches. He further dives into the corporate culture, accountability, and the role of the CCO within an organization. Finally, Eric sheds light on a case from McDonald's involving the former CEO and their decision to clawback compensation. The discussion concluded with the acknowledgement of the Delaware court's holding that elevates the CCO’s corporate duties. Key Topics: [00:04:24] Process Improvement to Avoid Violations and Effect Positive Change in Company Culture [00:09:19] The Effects of the Monaco Memorandum on Corporate Compliance Practice [00:14:35] ABB's Impressive Performance During an Investigation and Remediation Period [00:18:42] The C-Suite's Responsibility in Organizations [00:23:21] The Impact of Experiences on Assessing Business Decisions [00:28:05] The SEC Inquiry on McDonald's precipitated by Steve Easterbrook's Removal [00:32:24] The Significance of Delaware Courts in Regards to Corporate Law [00:37:13] The Functions of Corporate Boards During Times of Crisis. Tune in and listen to Eric as he educates us around the need to report extraordinary circumstances to the Department of Justice. Resources: Connect with Tom Fox ● LinkedIn Connect with Eric Young ● Guidepost Solutions ● LinkedIn Learn more about your ad choices. Visit megaphone.fm/adchoices