More On

Grace under fire: Suzanne Rich Folsom

U.S. Steel General Counsel Suzanne Rich Folsom illuminates the role of today's ‘borderless’ GC

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.

Bouncing back

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.

Editor in Chief

author image

Erin E. Harrison

Erin E. Harrison is the Editor in Chief of InsideCounsel magazine. Harrison’s professional background includes extensive expertise in both print and online media, highlighted by...

Bio and more articles

Join the Conversation

Advertisement. Closing in 15 seconds.