China Business Law Podcast

S1E13 - Managing an Effective Compliance Program in Asia

Episode Summary

We talk with Boon Kim Fam, Senior Legal Counsel, Compliance, Asia Pacific at PVH Corp. (parent company of Calvin Klein and Tommy Hilfiger).

Episode Notes

2:10 How prior government experience helped Kim in her compliance role today.

3:13 What kind of compliance issues are unique to a retail business?

4:26 Is the scope of a typical compliance role becoming broader now to cover things like data privacy?

8:20 How do you get your message across in training the business teams?

12:04 How do you do trainings for 3rd party business partners such as vendors and distributors?

13:18 Any differences between working with the business teams in China and in other parts of Asia Pacific?

16:38 How to get the senior management to help drive and support the compliance program?

21:21 How about empowering middle management who are often the first to encounter problems?

23:40 Making your presence felt in the region when the compliance team sits in the regional headquarters.

26:38 Is face time still important in a compliance program with the prolific use of video conferencing now?

28:20 Business is getting done despite a dramatic reduction in travel and entertainment with clients because of COVID-19.  Will this lead to a permanent reduction in compliance risk to the company?

29:05 What do you see as changing trends for compliance in Asia Pacific?