Promoting Ethical Business
Working together is pivotal for companies wanting to protect against white collar crime. Sergey Vitorov, legal and compliance and quality director at NOVO Nordisk discusses how and why compliance and legal teams should take a collaborative approach.
My role in Moscow is heading up the legal and compliance team. I am responsible for this whole area, which includes things such as: risk management, internal investigations, preparation and execution of compliance and legal plans, litigation, contractual work and really everything you can think of.
I am not aware of any multinational organisations nowadays which does not have a compliance policy and framework. Almost all of them have a compliance specialist or in-house legal person in place. In order to move forward, the biggest challenge nowadays is to foster a proper compliance mindset. This is so that people will not perceive compliance as merely a ‘tick the box’ exercise. That is the challenge that I believe remains in place in many parts of the world. Even many senior colleagues in large companies still view compliance as a ‘tick the box’ exercise. They view it as only being the responsibility of legal and compliance departments.
