In recent years, audit committee members have seen the scope of their responsibilities expand in all directions—but none so much as in their oversight of ethics and compliance.
Considering that regulators “are on steroids in this new environment,” ethics and compliance issues are now critically important, says Timothy Lupfer, a director for Deloitte Consulting. “We’ve reached a point where things can be magnified very quickly, and a company’s brand can be impacted very significantly.”
