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Uber promises to ‘move forward,’ but still doesn’t have CCO

Tom Fox | May 14, 2018

Uber launched a brand-new ad campaign in which it vows to “move forward” and “always do the right thing,” but the company still does not have a chief compliance officer (CCO) to make sure it delivers on that message. 

In a one-minute promotional video e-mailed to Uber customers Monday, CEO Dara Khosrowshahi touted the company’s “new leadership and a new culture,” ostensibly a nod to the organization’s series of missteps over the past year-plus that has shaken consumer and investor confidence.

The company, however, has been without a CCO since September 2017 and does not have anyone with compliance experience on its board of directors. The company is also reportedly without a chief financial officer as well. These roles are critical, because Khosrowshahi will have to certify the company is in compliance with relevant securities laws when it goes public. This includes not only accurate financial controls under...

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