A new KPMG survey of chief compliance officers at Fortune 500 companies found nearly three out of every four expect to enhance their compliance functions in response to pressure from regulators and their own boards.
The survey, released Wednesday, found 73 percent of 240 CCOs who responded said their firm’s compliance function faced increasing pressure from regulators, while 45 percent reported the regulatory pressure was industry specific. Survey respondents represented firms in six industries: healthcare/life sciences; financial services; technology, media, and telecommunications; manufacturing; commercial markets/retail; and energy/natural resources.
