The banks have worked out, says the Globe and Mail, that 'allowing the general counsel to also run regulatory compliance invites trouble'. The newspaper continues: 'Interpreting the rules and ensuring they’re followed too often conflict. Rival financial institutions – and companies in other industries, too – should follow suit.' It also points to the example of the GC at Tenet Healthcare who 'was forced to resign' in 2003 after facing a conflict as the company's defender and ethical watchdog in a probe on fraud.
Email your news and story ideas to: [email protected]
