The New Yorker magazine has a long article about a George Soros-funded campaign against the Swiss-based Israeli mining businessman Beny Steinmetz and his company Beny Steinmetz Group Resources. The article reports, "B.S.G.R. does not have a compliance department."
It reminded me of my column from a few months back. The New Yorker's tone about it is faintly damning, as if compliance departments actually are associated with law-abiding behavior, and as if the Beny Steinmetz group's lack of one is proof of a kind of recklessness rather than merely a failure to comply with the convention that in order to appear compliant a company must hire staff devoted to compliance.
