Not necessarily... In any business there's such a thing as "headline risk," distinct from legal or compliance risk. It's where the mere perception of wrongdoing

Not necessarily... In any business there's such a thing as "headline risk," distinct from legal or compliance risk. It's where the mere perception of wrongdoing can be almost as damaging to your business as actual wrongdoing/noncompliance; anything can be spun as sinister by an unsympathetic press. So to mitigate headline risk you might actually make your compliance controls much stronger than legally necessary. I think Borkowski is trying to say something like his business is fundamentally honest, but the reporter has raised some serious points of possible misperception about it, and they're going to make some compliance changes to clarify themselves against possible misperceptions of wrongdoing. Of course it's kind of too late if you're finding out about your headline risk from a reporter. And not to defend these bozos.