A multinational corporation operates in various countries, each with its own set of regulatory requirements. How would you develop a comprehensive compliance strategy for such a company?

Developing a comprehensive compliance strategy for a multinational corporation requires leveraging local legal expertise in each region. Each country has its own unique regulatory requirements, and utilizing local legal expertise ensures that the company is compliant with all applicable laws and regulations. Standardizing compliance procedures across all regions may overlook important local regulations, while conducting regular compliance training for all employees helps to ensure awareness and adherence to compliance policies. However, ultimately, relying on local legal expertise is the most effective approach to navigate the complexity of regulatory requirements in various countries.