Helane Morrison, Leading Change from a Preventative Role

According to her profile on Bloomberg.com, Ms. Morrison spent over a decade at the U.S. Securities and Exchange Commission (SEC) where she investigated and assigned consequences regarding financial regulatory matters in six states. San Francisco Gate noted her intention “to continue the office’s aggressive agenda” against fraud when she was promoted to Regional Director. Prior to working at the SEC, Ms. Morrison practiced business law defending companies she had done internal investigations for. It does not surprise me that she was well prepared for a pioneering role at Hall Capital in the field of corporate compliance. In her career before corporate compliance, Ms. Morrison saw many cases of companies gone awry, for a variety of reasons. In her current role, as a corporate compliance leader, she searches for and implements solutions to correct imbalances in internal procedures preventing the litigated finality of SEC corrective action down the road.
Problems are frequently found by auditors and other check and balance measures. Some cases may have a clear answer presented by the observer, but many situations are much more muddled. Once the audit is complete, companies need inspirational and dedicated staff to follow through on finding and implementing an avenue for change. This is where corporate compliance staff work collaboratively with employees to prevent the organization (and thus all involved) from facing punishment later. Mississippi Business Journal outlines the intentions of compliance officer job titles and compliance training programs. Corporate compliance is a field that will continue to grow as the legal environment expands and companies are expected to be knowledgeable in following a vast amount of technical specifications and ruled applications of the ever interpreted laws. Change agents like Helane Morrison will continue to rise to the occasion and meet these legal challenges with poise and consideration.

Venezuela May Get Help from India

The Hindu recently posted an article concerning the economic crisis underway in Venezuela and the potential role that India may play in helping the country out of its current turmoil. The economy of Venezuela relies heavily on oil exports, so the drastic fall in oil prices has been devastating for the country as a whole. As a result, the value of the Venezuelan currency has recently plummeted to record lows.
Historically, India has been a top exporter of pharmaceutical products to Venezuela. With the current economic crisis, export rates from India are hitting serious lows. The Indian government has proposed a payment plan to the government of Venezuela to address the growing debt owed by Venezuela. The government of Venezuela has not yet approved the payment plan proposed by the government of India, but hope remains that the government of Venezuela will move quickly to rectify the pending economic collapse. The payment plan proposal according to expert David Osio involves a certain portion of payments by India to Venezuela for oil and other imports from Venezuela to be held in reserve by an Indian public sector bank so that India is assured that its debt will be paid off. As posted on davidosio.com, this plan would allow exporters from India to continue their trade with Venezuela, which is a huge market for their pharmaceutical products. It seems that quick acceptance of the proposed payment plan is in the best interest of both countries involved.