Fresh from the SCCE International Academy in Brazil, Adam Turteltaub joins me on the Masters of Disaster® podcast. Despite the fact that the Brazilian currency has devalued relative to the dollar, the Academy in Sao Paulo was packed! In Brazil, compliance professionals feel that they are in the middle of things.
It is interesting to see compliance go global, not just in large multinationals, but also down the supply chain to smaller companies outside the United States. Today, large businesses expect that their vendors and suppliers have compliance programs to protect their customers, the large businesses, from compliance risk. Companies are concerned about losing business by selling compliance problems to their clients.
Brazil’s history of corruption is not sustainable, and Brazil is one of the top ten economies of the world. Businesses located in Brazil are aware that to be players on the global stage, corruption needs to go.
Over recent years, during the activity of the SCCE International Academy, Adam Turteltaub has seen more hope and less skepticism. The Academy supports the networking that goes on during the Academy, where compliance professionals discover how they are not alone in their job.
Adam advises that attending an international conference can help U.S. compliance professionals understand international perspectives on compliance and what issues are hot overseas. The growth and change in issues that compliance departments address, which Adam has witnessed over the years, also show the value of attending conferences to understand what is likely to be the focus in compliance in the future.
Adam Turteltaub is Vice President of Strategic Initiatives and International Programs at the Society of Corporate Compliance and Ethics (SCCE) and the Health Care Compliance Association (HCCA).
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