Corporate compliance, the notion that businesses must adhere to all applicable laws, regulations, and company policies, is a growing discipline. In this episode, we discuss the ever-increasing focus on corporate compliance with guest Barbara-Ann Boehler. Barbara is the Senior Director of the Program on Corporate Ethics and Compliance at Fordham Law School. She is also an experienced attorney, former compliance officer, and adjunct law professor. In today's conversation, Barbara elaborates on the basics of compliance and shares her thoughts on its growth amidst new regulations. She discusses the importance of compliance buy-in, dealing with the friction between those creating value at the company and compliance officers, and the overall necessity of building a culture of compliance in businesses. To hear more about her thoughts on the challenges between legal and compliance departments and what she thinks about AI and compliance, don’t miss out on this episode!

Key Points From This Episode:
 

•Barbara explains the basics of compliance.

•What falls under a compliance officer's role and where compliance should be reported.

•The three lines of defense at a firm.

•Barbara talks about the growth of compliance.

•Her thoughts on industries or firms, specifically Crypto, that do not have traditional compliance departments.

•The story of FTX and its lack of a risk officer.

•Welcoming regulations as a compliance officer.

•How to get compliance buy-in, and what does not work.

•Dealing with the friction between those creating value for the company and the compliance officers.

•Creating a culture of compliance.

•Compliance failures and examples of commonly found failures.

•The role lawyers play in compliance; when to involve the legal or compliance departments.

•The compliance programs offered at Fordham Law (LLM or MSL).

•Her thoughts on AI and compliance: advantages and disadvantages.

Links Mentioned in Today’s Episode:

Barbara Ann Boehler on LinkedIn

FINRA

ChatGPT

Fordham Compliance Programs

Episode 15 —Christopher Conniff on Corporate Criminal Enforcement

Fordham University School of Law Corporate Law Center