Chief compliance officers apparently still have lots of work ahead to turn their compliance efforts into strong, mature programs that can handle the broad range of risks corporations face.
That’s according to the findings of a joint study conducted by Compliance Week and Paisley, which polled 386 compliance, legal, and audit executives on the subject. The survey quizzed executives about how mature their compliance functions are, what processes they use to manage specific risks, and more.
Overall, a plurality of respondents (44 percent) described their compliance function as “organized but reactive”—that is, compliance exists as its own function and has ...