A compliance monitorship is a challenging and, ultimately, transforming experience for a company. At Avon, that transformation post-monitorship was even more pronounced as the company’s CEO at the time asked all departments to approach their work with a start-up mentality as part of a turnaround strategy for the company. In this installment of the Anti-Corruption Report’s conversation with Richard Davies, Avon’s chief compliance officer, he talks about life after the monitoring period and the opportunity to innovate the program in the lead-up to its acquisition in January 2020 by Natura & Co., the owner of The Body Shop and Aesop. In the first part of our interview with Davies, he spoke about the company’s remediation efforts, how it learned from its monitor and how the self-reporting period served as a useful transition between the pre- and post-monitorship periods. See “How Avon Made Its Unique Monitorship a Positive Experience” (Jan. 22, 2020).