Oct 08 2024 34 mins 1
Learn more about the transformative power of compliance and data in today’s business landscape with guest Tom Fox, President of the Compliance Podcast Network. Host Victoria Meyer delves into the evolution of compliance functions, highlighting how they have shifted from being a gold standard to a crucial component of everyday business operations. Tom shares his insights on the importance of data quality and security, especially in the context of AI and its growing role in compliance and legal frameworks. The episode also explores the challenges companies face with AI-generated information and the critical need for verification to avoid costly inaccuracies.
Victoria and Tom also discuss the pivotal role of podcasting in business, emphasizing its benefits in thought leadership, relationship building, and content creation. Tom shares his journey from a trial lawyer defending petrochemical companies to an influential voice in the compliance industry through podcasting. He draws parallels to the safety culture revolution in the 1990s and underscores the ongoing need for strong leadership in fostering an ethical compliance culture.
Join us to learn more about the following topics this week:
- Tom Fox's career journey and what led him to podcasting
- The evolution of compliance: from legal to business to data and analytics
- Trends in compliance today within the chemical and energy industries
- How do companies ensure clarity in compliance?
- The impact and risks of data analytics and AI on compliance
- The role leaders play in fostering a culture of compliance
- Five reasons to have a podcast as a business
Killer Quote: "Compliance isn't just about ticking a box anymore; it's about integrating with the business, using data to predict and prevent issues before they arise, and ensuring ethical conduct is woven into the fabric of your organization. In a world where AI tools can provide both incredible insights and glaring inaccuracies, it's our responsibility to verify, validate, and lead with integrity.” -- Tom Fox
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Celebrating 40 years, the World Petrochemical Conference by S&P Global is the most prestigious global industry gathering for chemical innovation, insight, and collaboration. WPC has a rich history of providing unmatched market intelligence and convening top industry leaders and influential thinkers to discuss the solutions that will unlock pathways for growth and transformation. Join us in Houston, TX, March 17-21, 2025, to commemorate our 40th Anniversary! Visit their website to learn more.
