As the regulatory landscape continues to evolve throughout the world, large international companies are faced with an increasingly complicated mix of differing and occasionally inconsistent rules governing their work. Many businesses have invested heavily in compliance on their own volition or in response to one or more regulatory breaches; however, a large number of global businesses have compliance functions that are still in their infancy. Fortunately, for those businesses that have not yet turned their attention squarely on building a comprehensive compliance program, or which have merged teams with different levels of compliance sensitivity, it is never too late to start. Set forth below are a few tips to help companies with early-stage compliance programs to develop a suitably ethical, compliance-focused team.
1. Start at the top