As regulatory compliance increases in complexity, many companies are assembling committees to coordinate and oversee such efforts. COMMITTEE EXAMPLES Below are examples of several compliance committees at public companies, including their structure, membership and function: Altria Corporation Committee Structure: The parent company committee has about 30 members, including the CCO of each operating company, the […]
Sammer Joanne
Posted inFrom the Archive
Great Expectations: Meeting The Needs Of Directors, CEOs
A recent survey of chief legal officers uncovered some unsettling news for corporate compliance officers. At a general counsel roundtable hosted by PricewaterhouseCoopers in March, only 25 percent of CLOs said that their companies’ senior management expects the cost of compliance to be an investment that will make the company more competitive. RELATED STORY Chief […]
Posted inFrom the Archive
Chief Compliance Officers Define Responsibilities
In a 2002 speech to the American Society of Corporate Secretaries, SEC Commissioner Cynthia Glassman called on companies to designate “what I refer to as a ‘corporate responsibility officer’” to oversee compliance systems and procedures. Since then, dozens of companies — from Boeing and Eastman Kodak to Sunoco and Walt Disney — have hired compliance […]