Good news and bad news for corporate compliance officers: Anyone feeling strapped for budget and resources, you’re not alone … but don’t expect much sympathy from regulators or enforcement attorneys who might pay you a visit sometime.
Those are some of the findings of a recent poll of 164 compliance executives, who generally expect tight budgets and no staff increases through 2010. The poll, conducted by consulting firm Lexakos, also suggests compliance programs are maturing thanks to stronger reporting relationships and other factors.
Seventy-one percent of respondents expect the number of professional staff in their department to stay about the same; ...