Compliance, in the context of Expert Networks, refers to the rules and regulations governing your participation in consultations. While you read the following article, understand that the information provided is of a general nature and not meant to be a substitute for your own due diligence or legal counsel.
Every reputable Expert Network will offer compliance training in one form or another. You are strongly advised to carefully study the material they provide before signing any agreement or entering into any engagement. There may be limitations on the scope of your participation and subjects you are allowed to discuss, depending on your geographic location, profession and personal circumstances.
Generally speaking, you should avoid disclosing:
Nonpublic information about a public company
Confidential information regarding past or present employers
Any information that you have a duty to, or have agreed to, keep confidential
Any information obtained from someone who expects you to keep it confidential
Trade secrets or other proprietary information not owned by you.
Physicians, attorneys, accountants, and other regulated professionals have additional responsibilities that may be further limit their participation in consulting engagements. Furthermore, regulations governing nationals of other countries may be even more stringent than those found in the United States.
The bottom line is: If you feel uncomfortable with a client's question, politely but firmly decline to answer.