Corporate compliance, long treated as a secondary concern and a ‘necessary evil’, is emerging as a crucial participant in maintaining ethical practices and regulatory adherence in Corporate America as per a recent report by JDSupra. In an episode of the “Great Women in Compliance Podcast” key note speakers, Lisa Fine and Ellen Hunt who have served in upper echelon roles such as Chief Ethics and Compliance Officer, Chief Audit Officer, and Chief Privacy Officer, tackled this issue.
The podcast was also graced by Gwenn Hassan, current Deputy Chief Compliance Officer at Unisys, providing her insights on the topic of compliance. The speakers discussed their experience in dealing with the complexities of upholding regulatory compliance within diverse and expansive corporate frameworks.
As professionals on the front lines of corporate law, they delve into the challenges they have faced, the triumphs they have achieved, and most importantly, the lessons they have learned. These lessons are all the more applicable in an environment where corporate failures are often due to lapses in compliance, leading to legal and reputational repercussions.
The importance of compliance is not just as a safeguard against legal liabilities but also as a testimony to a corporation’s commitment to ethical governance and corporate responsibility. This belief has formed an integral part of their narrative throughout their distinguished careers. There is much to be learned from their experiences and insights which can serve to further the field of corporate compliance and make it an influential force in shaping the future of businesses big and small.