Careers: Life as a Corporate General Counsel and Executive Officer
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Executive Vice President, General Counsel, Secretary & Chief Compliance Officer, Walker Dunlop
Search every verified Daniel Groman interview, podcast appearance, and on-the-record quote β each transcript cross-checked by AI and human review to confirm speaker identity. Daniel Groman, Executive Vice President, General Counsel, Secretary & Chief Compliance Officer at Walker Dunlop, appeared on the podcast "Life as a Corporate General Counsel and Executive Officer" in September 2022. Drawing on his experience at Panasonic, Groman discussed the evolving role of general counsel, stating that the position should have "an equal seat with the other executive management at the decision-making table on a strategic level." He noted that in Japan, the general counsel role was "almost non-existent until very recently" and that many listed companies still lack such a position or have it report indirectly. Groman described his priority over the previous four years as building a "global compliance infrastructure," and said that Japanese companies expanding overseas sometimes struggled due to risk aversion, recognizing a need for a "balanced way to take and manage risk." Groman contrasted the U.S. legal environment, which he described as governed by a "complex legal system and aggressive enforcement," with Japan, where there is a "strong natural sense of wanting to do the right thing" but often a lack of infrastructure to identify and mitigate risks. He identified emerging compliance issues including competition law, anti-bribery, trade sanctions, supply chain responsibility, and data privacy. Groman also commented on the trend of general counsel serving on boards, predicting it would continue due to ESG investors and emerging risks. He noted that Japan is "one of the worst places in the world to be based for a global job" due to time zone management and travel demands.
“I think the idea of a general counsel or a chief legal officer is really to have an equal seat with the other executive management at the decision-making table on a strategic level, utilizing legal skills and a broader business perspective.”
“In Japan, the concept of a general counsel role was almost non-existent until very recently, and many listed companies still do not have such a role or it reports indirectly through other functions like CFO or COO.”
“One of my biggest priorities over the past four years has been how to really build a global compliance infrastructure, including the human resources and organization around that.”
“Japanese companies expanding overseas sometimes ran into trouble because they were very risk-averse and would back off, which hindered growth; companies realized they needed a balanced way to take and manage risk.”
“The role of lawyers in the US is often governed by a complex legal system and aggressive enforcement, whereas in Japan there is a strong natural sense of wanting to do the right thing but often lacking the infrastructure to identify and mitigate risks.”
“In my 30 years as an in-house counsel, despite tough days, I've always been happy waking up excited about the day ahead, seeing how business and law articles apply to my work and public policy.”
“Japan is one of the worst places in the world to be based for a global job due to time zone management, calls around the clock, and travel demands.”
“The legal and compliance function at Panasonic now has an equal seat at the table with finance and HR as a key governance function, which is critical for the success of the holding company operating company structure.”
“I think the trend of having the general counsel on the board will continue, driven by ESG investors and emerging risks like trade sanctions, bribery, competition law, data privacy, and supply chain human rights issues.”
“Compliance issues coming down the line include competition law, anti-bribery, trade sanctions especially related to Russia-Ukraine and China-US relations, supply chain responsibility, and data privacy with increasing use of AI and digital business models.”
For those looking to enter into the world of international law this is a must watch. Join host Christopher Schoenwald of the PodcastΒ ...
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