Trade Compliance

GHY discusses changes to international trade regulations and explores cutting-edge compliance strategies.

Language as a Long Term Compliance Strategy

Posted September 04, 2014

Houston lawyer and FCPA expert Thomas Fox puts a compliance spin on five key lessons drawn from an article in this month’s Harvard Business Review entitled “What’s Your Language Strategy?” by Tsedal Neely and Robert Steven Kaplan.

The authors believe that problems revolve around potential “blind spots regarding language.” They write that company leaders pay too little attention to the role of language when “hiring, training, assessing and promoting employees. This can lead to miscommunication and friction, especially among team members who collaborate across borders.” While the authors point that a company’s competitiveness that may suffer, I would suggest that a company’s compliance function could also suffer.

Fox concludes by saying the “authors’ piece is chock full of ideas, insights and issues for a Chief Compliance Officer (CCO) or compliance practitioner.” Click here to read his blog post.