This website uses cookies

This website uses cookies to ensure you get the best experience. By using our website, you agree to our Privacy Policy

International In-house Counsel Journal logoInternational In-house Counsel Journal logo

Compliance and Clever Risk Taking

December 2013
ComplianceIT

Abstract

In preparation for this article, I tried to think about how I could explain compliance and clever risk taking. To succeed as a commercial enterprise, we work hard to reach our goals and enjoy our rights, but we all know the laws of nature dictate that every right is ultimately accompanied by a corresponding responsibility. And we also know the world is getting much more effective at holding companies to account.. . which is good. Look what happened to Enron, Global Crossing, Xerox, Parmalat, Siemens, TYCO, Volkswagen and others. Hopefully, failure of the past becomes wisdom of the future. In the aftermath of the above-mentioned scandals, SOX, EuroSox and a whole string of new legislation was introduced that made management more accountable. So, now everyone is suddenly talking about compliance and exercising their minds over how best to handle it. I can tell you that I have been taking a very hard look at what it takes to build an effective compliance programme. I am not a fortune teller, but I am learning a lot very quickly. So in this article, I would like to start off the discussion with you by offering you a few ideas.. . based on what I have been learning recently.

Read Paper

Author

Portrait image of Henrik Duedahl Høyer
Henrik Duedahl Høyer
General Counsel, Advokat, LL.M., Capital Four, Denmark

Practical, flexible, incisive and optimistic legal counsel with more than 15 years of experience having worked for both venture-backed, listed (NASDAQ: CSCO) and privately held companies in the hardware, software, internet-based technology, ecommerce and financial industries. Currently working as General Counsel & Compliance Officer at Capital Four. Specialties: Combining keen business sense and extensive legal knowledge and experience to achieve business objectives. Technology contracting in all forms; handling international corporate matters, mergers and acquisitions and divestments; managing data privacy, intellectual property (trademark, copyright & patent), litigation and dispute resolution, compliance, strategic legal advice on all issues faced by global companies.

Company

Capital Four

Capital Four was founded with the vision to establish a leader in European credit selection and portfolio management. Today we manage assets of $6 billion for some of the world's most influential institutional investors and high net worth individuals.

Related Papers

Open Source Software: Compliance and Risk Mitigation
The proprietorship of software was not a familiar concept in the 50’s and 60’s. The hardware and software were seen as an inseparable “system” and the cost for the operating...Read more
Portrait image of Shilpi Sneha
Shilpi Sneha
Manager - Legal, Cognizant Technology Solutions, India
Global Subsidiary Compliance: Where are the Efficiencies?
Outsourcing is as old as the hills and any discussion around its increasing prevalence in today’s economy is merely a result of increased prominence in the media. Companies have worked...Read more
Portrait image of Matthew Eckford
Matthew Eckford
Regional Engagement Director , TMF Group, UK
Global Compliance Training by a U.S. In-House Lawyer: Dealing with the 'Ugly American' Challenge
In the late 1950s Eugene Burdick and William Lederer penned a novel titled the Ugly American. The book became an instant best seller and a half decade later was...Read more
Portrait image of Rob Lindquist
Rob Lindquist
Chief Compliance Officer, Panasonic Avionics Corporation, USA
Implementing Compliance Programs in a Consensus Culture
Growth of “Mandatory” Compliance Requirements Since the publication of the US Federal Sentencing Guidelines in 1991, there has been a growing belief that compliance programs for public companies are “mandatory.” ...Read more
Portrait image of David Birk
David Birk
Managing Director, Black Belt Compliance, LLC, USA