A chief compliance officer’s job can be challenging, to say the least. When things are going smoothly the CCO may be seen as an inconvenience, a cost center to be consulted only occasionally and perfunctorily to minimize drain on the company’s budget and management’s time. But when a compliance failure occurs, the CCO must immediately be on top of the situation, brimming with business-minded insights and advice delivered with conviction and creditability borne of unquestioned independence and expertise. What could be easier, right?
