The necessity of coping with a thicket of ever-changing regulations is common to many industries, but this task can be even more daunting for U.S. chemical companies. In the Sept. 13 issue of Corporate Compliance Insights -- an online knowledge-sharing forum for the corporate compliance community -- veteran environmental attorney James A. Kosch draws on decades of experience to outline common mistakes that tend to land chemical firms in regulatory hot water.
In the article ("Top Five Corporate Compliance Challenges Facing Chemical Companies"), Kosch notes that well-intentioned companies often excel at rising to meet difficult, big-picture challenges, but then slip up by making "smaller" mistakes -- for example, failing to comply with the fine print of state, local or federal regulations -- that can prove just as costly as a headline-grabbing fire or spill.
"Companies that actually do go above and beyond on protecting workers or reducing toxic emissions often pay a steep price for making what might seem like relatively insignificant compliance mistakes," writes the attorney, a Newark, N.J.-based shareholder in LeClairRyan's Tort Defense Practice, and a director of the New Jersey State Bar Association's environmental law section. "They might be sticklers for getting the right emissions permits, for example, but then fail to read the fine print on the permit obligations."
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Source: prnewswire.com
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