Chief legal and compliance officer | Altisource
Gregory Ritts
Chief legal and compliance officer | Altisource
First, can you please give us an idea of the sort of work your team has done recently?
In 2023, Altisource amended and extended its debt agreement and undertook two underwritten public stock offerings on the Nasdaq Global Select Market. In addition, Altisource undertook major initiatives to expand into new areas of business. The Altisource law and compliance department made significant strategic and legal contributions, achieving success in these critical matters.
What are the changing challenges of a US-listed public company responding to increasing securities requirements in the US whilst complying with the Luxembourg companies law and EU data directives?
As a Luxembourg company listed on a US stock exchange (Nasdaq), we are focused on maintaining compliance with new and evolving US securities regulations and disclosure requirements, whilst remaining compliant with Luxembourg and EU requirements. Over the past several years, US regulators have imposed new and heightened disclosure requirements related to executive compensation, company risks, data processing and cybersecurity events. With additional operations in India and Uruguay, the law and compliance department has substantial experience with evaluating and harmonising the requirements of a multi-jurisdictional business and implementing effective compliance solutions.
What is a cause, business related or otherwise, that you care about, and why?
My wife and I are active as Baden-Powell Fellows supporting the World Scout Foundation. Both of our sons were active in scouting, and we see the significant benefits and growth opportunities international scouting provides to youths and communities.