THE CHANGE IN ADMINISTRATIONS WILL SHIFT REGULATORY AND ENFORCEMENT PRIORITIES, AND AFTER AN INITIAL LULL CAUSED BY THE CHANGE IN LEADERSHIP OF EACH RELEVANT FEDERAL AGENCY, WE EXPECT ENFORCEMENT OVERALL TO PICK UP.
how will companies get a fair shake when the government brings enforcement actions? Ultimately, the rule of law means that the law and the facts dictate the outcome, when we like it and when we do not, whether it helps those we support or those we oppose. For now, at least, the rule of law remains strong. Considering all of this, what should you be doing as you look ahead to the New Year? First, we imagine that, like us, you are giving thanks, and giving thought to how you and your company can help your employees, customers, and neighbors in what is still a very difficult time for so many. Second, you should take this opportunity to pause and review your regulatory compliance and corporate governance to make sure that you are satisfied with how your company is complying and functioning in a high-volume environment with many
people working remotely. We should all heed the lessons learned in 2009: like now, with a Democratic administration incoming and during a severe economic crisis, when regulators were preparing to increase compliance scrutiny, and investors and others were preparing to try to shift the losses of the crisis to those from whom they had obtained loans. Make sure that your loans and your documentation are clean and well-organized, to meet those challenges. Third, apply the lessons that you have learned through the challenges of 2020: the restrictions, the uncertainty, and the volume to keep innovating. Innovate in technology, in process, in marketing, and in products, and include compliance at every step while you do. Innovation will continue to be key as we embark on a new year and the many challenges ahead.
Hussey AlexAlex Hussey
I AM A VETERAN AND THIS IS MY VICTORY.
“My victory is removing ‘can’t’ from my vocabulary.” Alex was hit by an IED in Afghanistan. He lost both legs, his left hand and has a traumatic brain injury. With support from DAV, Alex is taking on mountains. DAV helps veterans of all generations get the benefits they’ve earned—helping more than a million veterans each year. Support more victories for veterans®. Go to DAV.org.
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