Compliance and Clever Risk Taking

Henrik Duedahl Høyer, Compliance Officer, Compliance Management Advokat, LL.M., Nets Holding A/S

In preparation for this article, I tried to think about how I could explain compliance and clever risk taking. To succeed as a commercial enterprise, we work hard to reach our goals and enjoy our rights, but we all know the laws of nature dictate that every right is ultimately accompanied by a corresponding responsibility. And we also know the world is getting much more effective at holding companies to account.. . which is good. Look what happened to Enron, Global Crossing, Xerox, Parmalat, Siemens, TYCO, Volkswagen and others. Hopefully, failure of the past becomes wisdom of the future. In the aftermath of the above-mentioned scandals, SOX, EuroSox and a whole string of new legislation was introduced that made management more accountable. So, now everyone is suddenly talking about compliance and exercising their minds over how best to handle it. I can tell you that I have been taking a very hard look at what it takes to build an effective compliance programme. I am not a fortune teller, but I am learning a lot very quickly. So in this article, I would like to start off the discussion with you by offering you a few ideas.. . based on what I have been learning recently.

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Denmark Compliance IT December 2013 Vol. 7, No. 25, Autumn 2013

Henrik Duedahl Høyer

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Henrik Duedahl Høyer holds a Master Degree in Law (cand. jur.) from Aarhus University, an LL.M from King’s College, London University and is admitted to the Danish Bar. Further, Henrik Duedahl Høyer has studied at the European University Institute in Florence and been a researcher at the University of California at Berkeley, Boalt Hall School of Law. He has worked for the Commission of the European Union (Stagiaire), venture-backed (Cocom – General Counsel), listed (NASDAQ: CSCO) and privately held companies (Nets Holding).

Nets Holding A/S

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Nets Holding A/S is a Nordic it-company specialised in managing digital values through the delivery of strategic consulting and IT solutions. The company enables more efficient societies and optimised customer businesses through the way we handle money, information and identities digitally. Nets has one of the most extensive product portfolios in Europe and our ambition is to become an even stronger partner to our customers by supporting their business, nationally as well as internationally. Nets has nearly 3,000 employees in Denmark, Norway, Finland, Sweden and Estonia and a yearly turnover of EUR 850 million. Find out more at www.nets.eu.

Denmark Compliance IT December 2013 Vol. 7, No. 25, Autumn 2013