INSPIRING LEADERSHIP

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Faegre Baker Daniels congratulates Jim Woodward on his outstanding tenure at FICO. Jim’s institutional knowledge, professionalism, leadership and versatility benefit FICO and all who know and work with Jim.

was in charge of management and negotiations for corporate technology transactions. Woodward’s skills as a transactional attorney drew the attention of C-level executives. He provided expert advice on some of the most significant issues the company had to face.

Based on this stellar record, Woodward was then promoted to vice president and deputy counsel. In this position, he leads the legal department in all matters of litigation, intellectual property, employment, and corporate governance. In addition to managing his in-house team, Woodward oversees teams of outside counsel in international IP and litigation matters.

For Woodward, success at FICO boils down to three essential goals. First, ensure that the company has internal systems designed to effectively execute contracts and manage its portfolio. Thoughtful development of practices and programs within the company is key. FICO has more than 130 patents for analytics and decision management technologies. This level of commitment to the goal and philosophy of the company is the reason it is trusted worldwide.

The second goal is to operate in such a way that compliance with international regulations comes naturally. This is of the utmost importance due to the changing regulation landscapes on the global scale on which FICO operates. Regulations like the Fair Credit Reporting Act (FCRA), the Health Insurance Portability and Accountability Act (HIPAA), the Credit Repair Organizations Act (CROA), the Gramm-Leach-Bliley Act (GLBA), and the Equal Credit Opportunity Act (ECOA) regulation B are just some of the biggest regulations levied on the industry that require compliance.

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Violation of any of these acts results in serious penalties that would severely damage the company financially as well as reputationally. Additionally, Woodward handles SEC reporting and corporate governance issues.

The third and most important of Woodward’s aims is the cultivation of the department to achieve his previous goals. He has put together a dynamic legal team capable of handling the complicated legal system. The pragmatic, business-oriented focus of his legal team sets it apart. By working in a more hands-on way with business leaders, the legal team members are able to stay on top of the regulations and better manage the portfolio and contracts. Woodward also advises his crew to build close working relationships with their business counterparts.

This leadership philosophy has led Woodward and FICO to achieve incredible levels of success in business, smoothly operating worldwide with the trust of clients and consumers. Woodward’s strict adherence to government regulations on privacy and data management have made FICO an invaluable tool for business and social good. Woodward states his top priority is providing the best legal advice globally. As vice president and fifteen-year veteran of the company, he has more than proven himself in the management of the legal affairs of the company’s credit scoring and analytic business tools.

Faegre Baker Daniels:

“Jim Woodward exudes leadership. He remains calm under pressure, operates adeptly across legal areas, and inspires teammates to provide superior service. He is a tremendous business partner and a pleasure to collaborate with.”

—Morgan Burns, Corporate Partner

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