Legal Updates Corporate Governance
The purpose of compliance is to help prevent the risks for a company that can arise as a result of the infringement of an applicable law, by putting in place internal control procedures and measures.
December 2010 saw the reform of the Spanish Penal Code introducing criminal liability for companies for the first time – this is a significant change in the basic principles of Spanish criminal law. Such changes may require substantial operational changes to businesses already operating in Spain, or those businesses which wish to operate in Spain. Although it is quite evident that the adaptation of firms to the new corporate compliance requirements must be done slowly and with strict adherence to the highest standards of business organisation, it is also true that the implementation of appropriate control systems, regulatory enforcement and crime prevention should begin as soon as possible. Failure to do so may result in severe criminal consequences at both corporate and Director level.
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Senior Compliance Officer Iberia (VP position)
Job Description
Barclays Corporate & Investment Banking’s Compliance function’s objective is to assist the firm in understanding and complying with the various financial laws and regulation it is subject to around the world.
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The lawyer of the 21st century Summit 2011
40 under Forty Awards 2011
