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Bribe, Swindle or Steal

Promoting a Culture of Compliance

Bribe, Swindle or Steal

Alexandra Addison-Wrage of TRACE International

Business, News, Business News

4.9582 Ratings

🗓️ 8 May 2019

⏱️ 23 minutes

🧾️ Download transcript

Summary

Jonathan Drimmer, currently the Chief Compliance Officer of Barrick Gold Corporation, describes practical, effective steps toward building and sustaining a culture of compliance.

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome back to the podcast, bribes, swindle, or steel.

0:08.0

I'm Alexander Raghi, and today we're talking about creating a culture of compliance.

0:13.0

My guest is Jonathan Drimmer.

0:15.0

Jonathan is currently the chief compliance officer of Barrick Gold.

0:19.0

The company is based in Toronto with mining operations and projects

0:22.3

in 15 countries. Prior to joining Barrack, Jonathan had a long stretch with a major law firm,

0:27.8

and he'll be returning to that world in Paul Hastings' Washington office later this month.

0:32.8

Jonathan, thanks so much for joining me. Thank you, Alexander. Pleasure to join.

0:37.1

Why don't we start, if you would, by describing what a culture of compliance looks like.

0:43.3

Are there characteristics that we can identify, or is this really a matter of knowing it when you see it?

0:49.0

Really, when it comes down to a culture of compliance, I guess it's best to start with why do we care about it? And the

0:56.3

reason we care about it is it goes to the core of how it is we get people to comply, how it is

1:02.2

we get people to do what it is we want them to do consistent with our policies and procedures,

1:08.1

which hopefully track legal requirements and the overall set of company

1:12.5

values. And traditionally, companies had, and this includes Berwick and others in the extractive

1:18.3

space, relied heavily on rules, rules-based processes to generate people to follow the direction

1:25.7

that ultimately we want them to go. And increasingly,

1:28.6

as we've seen and tested programs to determine effectiveness, what we've discovered is that culture

1:34.7

is as or more important than the rules themselves. And we talk about culture of compliance,

1:41.4

what we really mean is an overall environment that's fostering

1:46.1

ethical behavior, instilling in every employee the understanding and the obligation to do what's

1:52.7

right regardless of what the law says, regardless of what the rules say, regardless of who's

...

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