In an era of significantly increased scrutiny and regulatory formations, multinational companies have started giving more attention to their corporate compliance programs. These are no longer seen as unimportant considerations, but fundamental to their operations and procedures. This trend is industry-wide and worldwide, with no signs of slowing down according to a recent podcast by Jones Day.
Jones Day Talks is a series of podcasts that aims to address topics related to corporate compliance programs. In one of these episodes, Jones Day partners Henry Klehm, Toni Citera, and of counsel Paloma Valor, provide valuable insights into the history of corporate compliance programs as well as the evolving role of the compliance officer.
The conversation touches upon a variety of topics, focusing largely on how corporate compliance programs have evolved over time from being a mere secondary consideration to now playing a significant role in an organization’s decision-making process. The trio also discusses the changing role of compliance officers within a company, hinting at how they have grown from just ensuring that the company follows the letter of law to becoming important strategic advisers.
This shift towards a greater emphasis on corporate compliance programs and the changing role of compliance officers underscores the fact that organizations are becoming increasingly conscious of their legal and regulatory obligations. The podcast presents an important discussion about the evolution of corporate compliance programs and offers some food for thought on how this important facet of a company’s operations might develop in the future.
With compliance procedures becoming an essential aspect of corporate structures and operations, it is crucial for legal professionals to keep pace with these changes, ensuring that they are well versed with the current best practices as well as aware of future trends.
For a more detailed understanding, legal professionals working with multinational companies may find this discussion beneficial and informative.