OneTrust LLC, a privateness and safety software program firm searching for to assist companies make sense of legal guidelines and laws, has employed Kim Rivera to be its first-ever chief authorized and enterprise officer.
Rivera, who joined OneTrust this week, was most not too long ago a particular adviser to the chief government officer and president of enterprise technique and administration at HP Inc. She left the knowledge expertise firm Dec. 31, having earlier final 12 months stepped down from her roles as HP’s chief authorized officer and company secretary.
OneTrust, profiled by The New York Instances in December, is a privately held firm based in 2016 that up to now has raised $920 million. OneTrust’s valuation handed $5 billion following an funding spherical led by non-public fairness agency Coatue Administration LLC and enterprise capital corporations Perception Enterprise Companions and Know-how Crossover Companions, Bloomberg Information reported in December 2020.
Whereas OneTrust began with a give attention to privateness, the software-as-a-service firm is now making an attempt to combine capabilities similar to environmental, social, and governance issues, or ESG, into his platform, in addition to areas like cybersecurity, compliance, ethics, governance, and threat, Rivera stated. All pose potential pitfalls for company purchasers dealing with an more and more advanced internet of web protocols.
The “expectations and challenges” for corporations as we speak is to “show accountability, transparency, and consistency” in terms of “operationalizing” their efficiency in these areas, Rivera stated. “The stakes have gone up,” she stated.
Requested whether or not her rent could possibly be an indication of OneTrust’s aspirations to go public, she stated proper now the corporate is concentrated on serving its present clients and scaling its enterprise. Rivera’s new position at OneTrust will see her combine the corporate’s belief, technique, and compliance capabilities.
“The great thing about OneTrust is that legal professionals, privateness, and ethics specialists sometimes are engaged on a elementary a part of the corporate’s enterprise—there’s an enormous quantity of synergy there,” stated Rivera, a former Jones Day affiliate who served as the highest lawyer at DaVita Inc. previous to becoming a member of HP in 2015.
An Inclusion Advocate
OneTrust is hiring about 100 workers per 30 days, Rivera stated.
She is going to oversee a authorized group that has roughly 20 workers unfold throughout workplace hubs in eight international locations. The corporate, which is co-headquartered in London and the Atlanta suburb of Sandy Springs, Ga., will see Rivera and a number of other different executives work from the West Coast.
Rivera, who has kids between the ages of 10 and 23, referred to as her new hybrid work association an indication of the occasions. Whereas regulation corporations and monetary companies corporations grapple with return-to-office insurance policies stemming from the coronavirus pandemic, the expertise sector has been extra keen to embrace the distant work period.
“These hybrid work preparations present a possibility to be way more inclusive and provides individuals higher options in making an attempt to steadiness their work and life targets,” stated Rivera, a distinguished advocate for variety, fairness, and inclusion within the authorized career. “It additionally means that you can faucet into markets throughout, so that you’re attending to supply expertise from a broader pool.”
Irrespective of the place Rivera’s working from, the objective stays the identical—have her employees mirror the varied communities the place her employer is working and doing its enterprise. Whereas she believes that in-person gatherings may be productive, increasing working preparations that enable for flexibility ought to foster a office with extra various views, stated Rivera, who grew up in Paraguay and Puerto Rico.
“At any time when there’s disruption, there’s at all times a possibility to proceed to advance and reimagine how we take into consideration the office to be extra inclusive,” she stated.
Rivera is chair-elect of the Management Council on Authorized Range and concerned with the Hispanic Nationwide Bar Affiliation’s Poder25 initiative, which seeks to extend the variety of Latino regulation division leaders at Fortune 1000 corporations by 2025.
She additionally serves on the board of the American Management Discussion board of Silicon Valley, a corporation centered on bolstering inclusion within the expertise sector.
Rivera at the moment owns almost $3.4 million in HP inventory, Bloomberg information reveals. She owns virtually $73,000 in inventory for Cano Well being Inc., whose board she joined final 12 months. Rivera has additionally been a board member since 2019 at Thomson Reuters Corp.