Author

Lisa Douglas

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Due diligence and ethical sourcing in supply chain management has been the subject of increasing regulatory attention. This reflects the growing impetus for companies to ensure that their supply chains are socially responsible. Similar to “Know Your Client” or “KYC” standards in the financial services sector, which protect both clients and financial intermediaries, the concept of “Know Your Supply Chain” reflects the requirements to protect workers, the environment, and the integrity of company purchasing arrangements.…

The use of contemporary business communication and collaboration tools including chat and instant messaging applications has resulted in a potential recordkeeping compliance gap where there is a legal requirement to retain business records. While in the past many organizations carved out these newer and less conventional forms of electronic business communications from their formal records retention practices, this approach has become increasingly less viable. Regulators have been responding with additional requirements and guidance for instant…