As businesses navigate a rapidly evolving global environment, emerging trends in risk and compliance are reshaping company strategies and priorities. Phillips Lytle is poised and ready to provide effective solutions with insights into the challenges and opportunities that organizations encounter.
Phillips Lytle’s Governance, Risk and Compliance Practice was established to assist our clients in understanding their risk exposure and to ensure that they have the appropriate policies, procedures and strategies in place to comply with statutory and regulatory obligations. The primary objectives that constitute an effective compliance and ethics program include prevention, detection and corrective action.
With in-house counsel taking on more of a strategic role in their organizations, we know that it is more important than ever to work with law firms who are able to provide creative solutions, ideas and innovative ways to address the ever-changing regulatory landscape.
Every organization must allocate adequate resources to compliance management. Developing, enforcing and sustaining a compliance program demands significant resources. Underinvestment sends a message that compliance is not a priority and may attract unwanted attention from regulators and enforcement authorities.
Establishing a culture of compliance empowers an organization to appropriately avoid penalties, mitigate operational risks, and adhere to industry standards and regulations. Essentially, compliance forms the foundation of effective business governance.
Phillips Lytle attorneys become an extension of in-house counsel’s team to assist in addressing how governance, risk and compliance play into the overall strategic direction of your company and the goals and objectives it has set. Our attorneys forge connections, foster collaboration and develop streamlined, practical methods that are sustainable.
In today’s global market, having a holistic approach to compliance and risk management is critical. Companies face increasingly complex regulations, aggressive government enforcement and greater public scrutiny while striving to implement business initiatives that expand market share, increase profitability and help them stay ahead of the competition. As businesses continue adjusting to these higher expectations, developing and maintaining effective corporate compliance and risk management programs can become a major asset.
Our team works closely with clients to develop a comprehensive compliance perspective to fit the unique needs of their organization. Specific areas of engagement include:
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