DC Partner Mark Srere and Singapore and Los Angeles Partner David Stepp were two of three guest speakers at the National Association of Wholesaler-Distributors Billion Dollar Chief Legal Officers Roundtable in Chicago. Both are members of the firm’s Global Anti-Corruption / Foreign Corrupt Practices Act Team, and Srere is co-leader.
On Nov. 4, Srere led a discussion on the positive and negative aspects of separating the chief legal officer (CLO) and chief compliance officer (CCO) roles. He reviewed case studies to examine how billion dollar companies have separated the roles and managed the CCO reporting structure. He discussed the pros and cons of separating the roles or keeping both functions within the legal department.
Later that afternoon, Stepp discussed risk management as it relates to import and export compliance in the United States, Canada, Mexico and Asia. He reviewed the liability U.S. companies face when shipping goods globally and discussed best practices companies should implement to ensure they remain compliant. These best practices include internal import and export trade assessments; the preparation of compliance procedures and manuals; and the implementation of recordkeeping requirements for commercial documents. Stepp also examined the specific cargo security initiatives of the U.S. and other countries and how companies should allocate resources to secure their supply chain.
Srere is the leader of the firm’s White Collar Defense & Investigations / Securities Litigation and Enforcement Client Service Group. He concentrates his practice in the criminal area and provides counseling to corporate clients on compliance issues and internal investigations. He also provides a full range of services to individual and corporate clients who are targets of criminal prosecution, from grand jury appearances to trials.
Stepp is a frequent speaker on global customs and international trade issues. He advises on a variety of customs and international trade issues for clients in industries such as motor vehicles, steel, textile and apparel products, footwear, retail, electronic products, cosmetics and other consumer goods. He regularly counsels multinational companies on their e-commerce strategies globally; conducts global customs and international trade audits; and advises on improving and benchmarking compliance programs.