Suzanne Rich Folsom, GC of U.S. Steel
No one in the compliance field seeks out pressure, scandals or crises, but these types of problems come with the job. In her career, Suzanne Rich Folsom has taken on these challenges head-on.
After serving tenures at global conglomerations including the World Bank, American International Group (AIG) and private security firm Academi (formerly Blackwater Worldwide), Folsom was recently named general counsel and senior vice president of governmental affairs at U.S. Steel. While the organizations she has worked for vary by industry and size, Folsom has a consistent record of ameliorating crises for companies in transition.
Folsom revamped Academi's Foreign Corrupt Practices Act (FCPA) compliance program, which was in place before the company went through a U.S. Justice Department investigation. Folsom developed a more robust compliance program that was recognized for its anti-corruption systems. Such corporate scandals amid worldwide economic demise have taught businesses to put ethics and compliance at the top of both their cultural and governance agendas.