Canadian Lawyer InHouse

23 CANADIANLAWYERMAG.COM/INHOUSE JULY 2015 Desjardins I'm more of the philosophy that we need to push risk and compliance down to the low- est level possible. Our leadership in the legal function is making sure we are in the fore- front on understanding our businesses to see what's the impact, because it keeps chang- ing. There are new laws coming all the time in Canada and around the world. We need to understand the impact of those laws and regulations in our business, making sure we train the right people and see that they're trained so that they can put the processes in place so that we have complied. There's no legal risk; it's not for a legal department to manage. Just being at the forefront and making sure that we're there and we can as- sist and train our people and make sure we put all the right processes together for me, it shows leadership in our department. I think compliance is a good example of that where we've taken a great role in compliance while making sure, we're not responsible, but we are, at the same time making sure that we push it down to the right people at the right function, right department, right level. Greenberg There are many regulatory areas that affect us. CASL and privacy in general is one because we hold so much personal information in our com- pany, across the world, and from our co- alition programs and other things we do. We're always very aware and vigilant when it comes to privacy matters and there was a recent case, a couple of weeks ago actu- ally, from the privacy commissioner with respect to Bell and how they target mar- ket. That gave me a bit of pause, I will say, because as we try to be more relevant in the way that we market we have to be very mindful of those kinds of decisions that might get in our way. I'm always thinking about things like that and there's PCI (Payment Card Industry) compliance because we do take credit cards and process them for others, so we have to be careful about all those things. We actually think a lot about the regula- tory framework that affects our main part- ners, the fi nancial sector and the airlines, because if it's going to be something that affects them, it will most likely directly or indirectly affect us and we try to be as aware of that as possible. When it comes to new innovations, like mobile technology, mobile payment systems, we know that's going to be heavily regulated. Girgis About 60 per cent of our product is made here, but a lot of it is still sourced out of China and so the toy industry is highly regulated. Toy safety and the contents of our toys is a No. 1 priority and we do keep an eye on legislation and attempts to legis- late. In 2008, due to some massive recalls 10th Annual Canadian Lawyer InHouse General Counsel Roundtable Visit canadianlawyermag.com/inhouse to see our video coverage of these topics: Managing external counsel, online June 29 Managing risk and regulatory issues, online July 6 Alterna ve fee arrangements, online July 13 Handling RFPs, online July 20 Sponsored by: www.lkd.ca

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