Every board of directors need a true compliance expert sitting on their board. Almost every board has a former chief financial officer, former head of internal audit, or persons with a similar background, and often times these are also the audit committee members of the board. Such a background brings a level of sophistication, training, and subject matter expertise that can help all companies with their financial reporting and other finance-based issues. So why is there not such compliance subject matter expertise at the board level?
