Welcome to Episode 3 of Compliance Man Goes Global podcast of FCPA Compliance Report - International Edition. As always, I am joined by Timur Khasanov-Batirov, a practitioner who focuses on embedding compliance programs at high-risk markets.
In this Episode, we will focus on organizational challenges, which сcompliance practitioner faces in the process of implementing corporate compliance program. To make the podcast handy and more appealing we attach respective illustration from Timur’s Compliance Man illustrated series which is posted with this podcast.
In each podcast, we take two typical concepts or probably misconceptions (conventional wisdom n Texan parlance) from in-house compliance perspective. We check out if these concepts work in emerging markets and jurisdictions. For each podcast, we divide the roles. One of us advocates the particular concept identifying pros. The second will provide arguments finding cons and trying to convince audience that that we face a pure myth. As a result, we hopefully will be able to come up with some practical solutions for in-house compliance practitioners can use in their company going forward. We tackle the following myths:
Corporate Concept #1. On practice compliance program is something, which is needed solely to compliance folks. Nobody else in corporation really cares
Corporate Concept #2- “In-house compliance team never possess sufficient resources