Suzanne Rich Folsom serves as Senior Vice President and General Counsel, leading Legal, Ethics & Compliance, at Philip Morris International Inc. Prior to joining PMI, Folsom was General Counsel, Chief Compliance Officer and Senior Vice President–Government Affairs at U.S. Steel. She also previously served as Executive Vice President, General Counsel and Chief Compliance Officer of ACADEMI LLC; Deputy General Counsel and Chief Regulatory and Compliance Officer for the American International Group (AIG); and Counselor to the President of the World Bank Group and Director of its Department of Institutional Integrity. She received her B.A. from Duke University and her J.D. from Georgetown University.
Folsom is co-author of Corporate Practice Portfolio Series No. 103, Corporate Compliance: Building a World-Class Borderless Ethics Compliance Program as well as Corporate Practice Portfolio Series No. 103A, Corporate Compliance: Practice Tools for Your Program, and dozens of Bloomberg Law practical guidance documents. These portfolio volumes and documents cover best practices for establishing a general compliance program and complying with U.S. regulatory regimes. In particular, the authors discuss the key components of a compliance program, benchmarking mechanisms for the program and how to structure internal oversight of the program, as well as examine related issues, such as how to train employees on compliance efforts, how to audit the program, and how to investigate and remediate issues that arise as part of compliance efforts.