Donna Boehme – The FCPA Blog – August 3, 2016
Major conferences like Compliance Week 2016 are the perfect venue for witnessing the continuing development of the dynamic and fast-evolving compliance profession.
Fresh from presenting the conference’s closing keynote with my “A-team” of panelists, Pat Gnazzo, Keith Darcy and Lee Augsburger, I’ve now had time to reflect on my five big takeaways from the event:
1. Compliance 2.0 is the new normal. Over the last two decades, the compliance profession has successfully defined itself as a new and separate subject matter expertise from Legal, and has moved away from the old, flawed, legalistic Compliance 1.0 model (Compliance as a captive arm of Legal) to the modern, empowered Compliance 2.0 model, untethered from Legal and structured to succeed.
Long gone are the days when responsibility for compliance was routinely assigned to a member of the law department with no subject matter expertise or successful track record of designing and managing compliance. As FCPA experts Richard Bistrong and Tom Fox have both noted, the rise of Compliance 2.0 was hard to miss when featured prominently in the ”bookend” keynote sessions of CW 2016, “Are We Defining Effectiveness Correctly?” and “The Maturing of a Profession: The Rise of Compliance 2.0.”
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