Compliance and legal should work as a team and jointly make decisions on risk management. Both parties have complimentary skill sets that are best used working together.
Compliance and legal often work hand in hand, but especially when there are potential issues, it is crucial that they present a unified force. Though compliance often discovers potential issues, they should be sure to keep legal updated so as to enact privilege at the right time.
Attorneys can help determine how much to waive privilege on and what should be covered. It is always easier to release privilege, but very hard to go back and put information under privilege.
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