Suzanne Rich Folsom Esq.

United States Steel Corporation
Folsom, Suzanne Rich


Suzanne Rich Folsom serves as General Counsel, Chief Compliance Officer and Senior Vice President – Government Affairs at U. S. Steel. She oversees the legal, regulatory, compliance, corporate governance, environmental affairs, security, aircraft, and labor and employment matters. Mrs. Folsom is a key member of the executive management team who also spearheads the company’s worldwide public policy and government affairs initiatives. She is responsible for ensuring the profitability of the USS Real Estate division and oversight for the company’s joint ventures worldwide.


Prior to joining U. S. Steel, Mrs. Folsom was 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.


Mrs. Folsom is co-author of Bloomberg BNA Corporate Practice Portfolio Series No. 103, Corporate Compliance: Building a World-Class Borderless Ethics Compliance Program.  This portfolio volume discusses 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. This portfolio also examines 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.