J & J and VF Corporation Look at How Compliance Has Changed

The video discusses the impact of the pandemic on compliance, focusing on J&J's vaccine development and VF's production of PPE. It highlights challenges in compliance, such as third-party risks, remote work, and the need for rapid responses. The discussion also covers the role of data in audits, the importance of diversity and inclusion, and regulatory considerations during the pandemic.

What is the current phase of Johnson & Johnson's vaccine trials as mentioned in the discussion?

• Phase 2

• Phase 4

• Phase 3

• Phase 1

What is a significant challenge for compliance officers during the pandemic?

• Fewer regulations

• Decreased workload

• Remote working

• Increased travel

How did VF Corporation adapt to new compliance challenges during the pandemic?

• By reducing production

• By halting operations

• By outsourcing all work

• By leveraging manufacturing experience

What was a key focus for VF Corporation in ensuring compliance during the pandemic?

• Ensuring regulatory compliance across jurisdictions

• Increasing product prices

• Reducing workforce

• Eliminating third-party collaborations

What approach did VF Corporation take to manage audits during the pandemic?

• Conducted remote audits

• Increased in-person audits

• Ignored audit requirements

• Stopped all audits

What is a major resource concern for compliance teams during the pandemic?

• Lack of technology

• Employee well-being and capacity

• Excessive budget

• Too many resources

How has the pandemic influenced the use of data in compliance?

• Data usage was prohibited

• No change in data usage

• Increased use of data for monitoring

• Decreased reliance on data

What is VF Corporation's stance on diversity and inclusion in compliance?

• It's the right thing to do

• It's about compliance only

• It's irrelevant

• It's not a priority

What potential leniency might regulators show during the pandemic?

• No leniency at all

• Leniency only for small companies

• Consideration for pandemic-related disruptions

• Complete leniency on all issues

What is a key compliance risk associated with charitable donations during the pandemic?

• Increased taxes

• Potential for being viewed as bribes

• Lack of interest from recipients

• Excessive donations