Dr. Sebastian Lochen, the General Counsel and Head of Compliance at Thyssenkrupp, shares his professional journey within the company, where he began his career in the compliance department in 2011 and rose to lead the legal function in 2021. Throughout the discussion, Dr. Lochen emphasizes the significance of embedding the legal team within the business units to ensure proactive support and early involvement in organizational projects and decisions.
Lochen speaks to the environmental and regulatory challenges Thyssenkrupp faces as it transitions to greener technologies, and how the changing business model, driven by regulatory pressures and economic shifts, requires adaptive strategies from the legal team to provide robust support while also maintaining vigilance over traditional risk areas like antitrust issues.
The two also explore the evolving dynamics between Thyssenkrupp and its external legal advisors. Dr. Lochen discusses the critical role of law firms in providing innovative solutions and leveraging technology to enhance legal service delivery. He emphasizes the importance of a collaborative relationship with external partners to navigate new regulatory landscapes effectively.
04:36 Expansion of Compliance Programs Since 2011
07:36 Diversified Industry Ventures Overview
09:50 Integrating with Business Operations
13:41 Future Challenges: Regulation and Efficiency
18:06 AI Compliance Implementation Strategies
19:48 Evolving Role of Law Firms
24:53 Steel Industry's Green Transition
25:46 Navigating Economic and Legal Changes
29:33 Nurturing Children's Interests through Exploration
