Compliance teams are enablers, not roadblocks for the O&G business

Energy companies should view the legal professionals who keep their compliance programmes updated as business-friendly, heard delegates at the Latin Lawyer Live 10th Annual Oil & Gas event, which was held yesterday at the Park Hyatt in Buenos Aires.

Compliance teams are enablers, not roadblocks for the O&G business

Regular compliance risk assessments are essential for energy companies if they want to stay on the right side of the law and attract investment, but constant checks and oversight are sometimes considered disruptive for business. Dalma Parisi, lead compliance officer for Siemens’ Latin American operations, said this negative attitude toward compliance lawyers was unjustified. “Companies must understand that you are an enabler for them,” she said, adding that legal personnel must be involved in the business and understand its nuances to ensure operations run smoothly.

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