Dealing with organizations like the FTC, SEC, DOJ, HHS and DOL, compliance professionals might sometimes wonder if they’ve been dunked in a bowl of alphabet soup. But in large corporations, like those in the Fortune 500, the legal and compliance departments have to learn to deal with these regulators in order to ensure that everything is in order and day-to-day business can continue on unimpeded.
It’s never been enough for companies to sit back and hope that they are in compliance. Instead, they must have a “proactive approach at compliance, and the regulators specifically encourage that,” explains Lisa M. Noller, partner at Foley & Lardner LLP. “Regulators have been endeavoring to hold companies accountable… and using creative means of going after wrongdoers.”
