In the latest episode of "Notes to My (Legal) Self," titled "Compliance - Player? Coach? Umpire?," join host Phil Strauss as he delves into the intricate world of legal compliance. With over two decades of experience, Phil shares invaluable insights gained from his journey, from practicing law to becoming the Chief Compliance Officer for the Americas at Rakuten.
In this compelling discussion, Phil draws parallels between the roles of legal leaders and compliance officers, likening them to tightrope walkers and jugglers, respectively. He explores the critical importance of ethics and navigating the unwritten rules that define corporate culture.
Listeners will discover practical strategies for building and advancing a compliance department, starting with foundational elements and progressing towards strategic maturity. Phil emphasizes the pivotal role of culture in shaping compliance efforts, emphasizing that culture is defined by who you hire and promote.
Furthermore, Phil sheds light on the profound impact of the COVID-19 pandemic on compliance functions, revealing how compliance officers have become integral members of COVID task forces, navigating safety protocols and regulatory compliance.
Tune in to this thought-provoking episode of "Notes to My (Legal) Self" to gain insights into:
The multifaceted role of compliance officers as players, coaches, and umpires in ensuring organizational integrity and ethical conduct.
Practical strategies for building and advancing a compliance department, from foundational elements to strategic maturity.
The critical importance of culture in shaping compliance efforts and fostering ethical leadership.
The evolving landscape of compliance in response to external factors such as the COVID-19 pandemic, and the role of compliance officers in navigating complex regulatory environments.Whether you're a seasoned compliance professional or new to the field, this episode offers valuable wisdom and strategic guidance for navigating the complex terrain of compliance in today's business landscape.