The Regional Compliance Committee operationalizes compliance into the Company’s Regional operations where the business operates. This approach follows the Department of Justice mandate, articulated in the Department’s FCPA Pilot Program, for companies to move the doing of compliance down into the organization’s business. The make-up of the Regional Compliance Committee, while including legal and compliance representatives, is also populated by representatives from other disciplines within the global organization, which allows a fuller, richer, and more holistic approach to compliance advice. It adds a dimension not often seen or discussed in the compliance profession. The accountability and oversight down to the Regional level and the compliance monitoring, reviewing, assessing, and recommending deemed necessary will provide additional endorsements to the organization that it is doing compliance. The Regional Compliance Committee can provide a unique structure to perform these functions.
Key Takeaways:
- A regional compliance committee can work to drive more efficient and robust compliance into the region.
- All regional leaders should be on the committee.
- The regional compliance committee should liaise with other compliance committees.
For more information, check out my book Doing Compliance: Design, Create and Implement an Effective Anti-Corruption Compliance Program, which is available by clicking here. The Regional Compliance Committee is uniquely suited to drive compliance down into the fabric and DNA of an organization.
