As the need for effective compliance programmes increases, lawyers report that clients are taking a more proactive approach to the issue – however, many are still a long way from incorporating compliance into the culture of
The controversy that surrounds the role of compliance officers means that there is a trend for companies to create compliance committees, according to Baker & McKenzie partner Cecilia Pastor.
External law firms are considered more impartial and are therefore more comfortable conducting compliance audits than in-house counsel
Compliance should be a central component of any organisations´ business strategy, according to CMS Albiñana & Suárez de Lezo partner Patricia Liñán, who warns that proper internal processes are as much about
Clients now realise that good compliance facilitates, rather than obstructs, the development of businesses while also limiting reputational risks
External legal advisers add considerable value to clients in relation to compliance matters as they are able to share information about best practice followed by other businesses, according to Pbbr partner Alexandre Jardim.
With few judgments having been passed in relation to corporate compliance, there is considerable doubt about how courts will deal with offences
Clients’ legal departments are often more business-orientated, while compliance departments tend to view matters from a regulatory perspective
Clients are increasingly demanding that their legal advisers adhere to stricter codes of compliance, according to Paulo de Moura Marques, partner at Abecasis Azoia Moura Marques & Associados (AAMM).
The combined revenue of the Spanish legal arms of the ‘Big Four’ auditors increased by more than 7 per cent in the last year and now stands at €400 million, according to new data.
