The Corporate Director Podcast Compliance risks: The board perspective
6 snips
Apr 2, 2025 Kristy Grant-Hart, Vice President at Spark Compliance and former FCPA defense attorney, shares her expertise on critical compliance risks today. She dives into alarming issues like modern slavery and the ever-complex landscape of AI regulations. Kristy emphasizes the need for comprehensive training to curb bribery and corruption, especially in supply chains. Additionally, she advocates for the often-overlooked role of Chief Compliance Officers in board meetings, highlighting their value in risk management and strategic communication.
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Local AI Regulations
- Companies must stay informed about local AI regulations.
- These are increasing in the absence of comprehensive federal regulations.
Modern Slavery Due Diligence
- Companies should pay more attention to modern slavery and human trafficking due diligence.
- New regulations are emerging globally with significant financial and reputational risks.
Uncertainty in Compliance
- The biggest compliance risk for businesses is the constant change in regulations.
- This makes executing long-term plans difficult.