Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

Survey: CCO liability fears persist

Joe Mont | November 27, 2018

Although corporate compliance officers are receiving greater support for their programs, concerns about personal liability increased over the past year, according to a new survey conducted by global law firm DLA Piper.

The bottom line: 75 percent of CCO respondents were at least “somewhat concerned” about personal liability, up from 66 percent in 2017 (but still lower than the inaugural report two years ago, which found 81 percent of respondents were concerned).

“Amid a period of strong economic growth, most compliance professionals say their resources and access to their organization’s governing board are sufficient,” a report on the survey results says. “So, why has their concern over their own and their CEO’s liability increased over the past year?”

Regulators, chief among them the Securities and Exchange Commission, have stressed that compliance officers are not targeted and that those who faced...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.