Mon, Jul 29, 2019
Compliance Challenges Facing Private Equity Firms
In episode four, Terry discusses the unique compliance challenges facing private equity companies; in both their organizations and their portfolio companies.
Terry highlights that the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) are placing greater emphasis on the importance of effective compliance programs. He points to the DOJ’s recent 2019 Guidance, in which the DOJ emphasized an increased focus on the roles of senior and middle management in enforcing a compliance program.
Terry theorizes: “The SEC and DOJ are prepared to hold fund managers responsible if one of their portfolio companies turns out to have internal issues including corruption, lapses in data protection or even the #MeToo movement. Those agencies even have authority over international investments if the fund manager is based in the US, meaning that private equity players will often be forced to grapple with both US and international regulators.”
Listen to the podcast to learn more.
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