We will answer:  What is an effective compliance program? What is a risk-based approach to compliance? What constitutes a good risk management program? How do these formal programs provide corporate controls? We will use corporate case studies to understand the Office of Inspector General’s seven elements of an effective compliance program – governance, policies, education, reporting, monitoring, enforcement, and response. We will study the still maturing definitions and indices of a good risk management program – the ability to identify, evaluate, and manage risk to maximize the objectives of the company and minimize defects. 

This course includes practical hypotheticals and samples largely from the health care industry but transferable to any industry. We will consider where and how aritificial intelligence is likely to have an impact on this work. This context is useful for the practicing lawyer and, increasingly, is a career path unto itself.

Each student will choose a corporate scandal to study in relation to each of the risk and compliance concepts covered throughout the classes. Impactful corporate scandals – Enron, Wells Fargo, Theranos, Boeing, Purdue Pharma – are the perfect learning lab for risk and compliance theory.