By Adam Turteltaub
Operating a compliance program in Europe is not the same as running one in the US. Paris-based Maria Lancri knows this well from having worked as a compliance offer and currently as an attorney with GGV Avocats.
For one, in Europe there is a strong need to consider the position of employees and the union. They must be consulted on many parts of the program, which means that compliance professionals have to be prepared to explain the advantages to workers of the compliance efforts.
Other challenges include:
- NGOs who scrutinize company activities closely
- The Duty of Care Law, which covers Corporate Social Responsibility obligations
- Tougher privacy law and aggressive antitrust/anti-cartel regulators
- Increased demands on boards to oversee compliance programs
As she explains in the podcast, there is much to do to meet these challenges. In addition, there is a strong need to localize the program, not just the language, but also in approach.
Listen in to learn more about what you need to know to effectively manage your European compliance efforts.