Part 2: Knowing your client and your market is critical to bridge differences when implementing compliance policies
– While there might be cultural differences when setting out compliance policies on companies operating across different markets, the tone at the top is required to implement a culture of compliance across the board.
– Ongoing training, education, and hiring policies are needed to expand the culture of compliance.
– Clients demand their external counsel to be a business partner in all markets. Clients expert their external counsel to show them business opportunities and also to be the vigilant eye in distant markets
– There are different structures for corporate boards and the liabilities are different across different jurisdictions.