Good news for corporate compliance officers: operating budgets for the compliance function appear to be on the rise, while pressure to reduce spending has declined.
A recent poll of 233 compliance executives conducted by research firm Lexakos finds that, while nearly half (49 percent) of respondents expect their department’s overall budget to remain at 2011 levels next year, 41 percent said they anticipate an increase. In 2009, when the study was last conducted, only 25 percent said they expected an increase.
