Last week I was chatting with the chief compliance officer of a large manufacturer, yet another U.S. corporation that is growing briskly overseas and acquiring foreign business units to bolster those operations. We were talking about the challenges of running a compliance department, which is often small and highly dependent on other departments in a corporation to get its job done.
“I came up on the legal side, so I know how to deal with those people,” my compliance officer told me. “And I know that I need to listen to the auditors and the accounting department closely, because they know all the financial reporting details that I don’t know.”
