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The regional compliance committee

Tom Fox | November 26, 2017

The regional compliance committee should be created at the regional level and is designed to create more direct ownership, accountability, and valuable transparency. This operationalizes compliance by moving it down into a more direct level of a company’s operations.  This approach also significantly improves consistency of compliance execution and helps to ensure that all business objectives are achieved in a legally compliant fashion.

This structure has several advantages. A regional compliance committee gives compliance a more thorough discussion at regularly occurring company operations meetings. It provides a communication structures designed to facilitate communication up the chain and down the communication chain. It can give a CCO a more direct set of eyes and ears closer to the ground. Finally, the regional compliance committee facilitates the compliance function greater visibility within the organization because compliance has been moved further into the middle and...

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