A majority of compliance officers now serve a vital role on the senior management team at most large companies and have more authority within their organizations than ever before.
Those are some of the more favorable findings unveiled in this year’s Compliance Trends Report, a joint survey conducted by Compliance Week and Deloitte. Out of 364 ethics, compliance, audit, and risk executives polled, 57 percent said the chief compliance officer in their company reports directly to either the chief executive officer or the board. Another 51 percent said the CCO has a seat on the executive management committee, and 59 percent said the CCO job is a full-time, stand-alone role, compared to 50 percent last year and 37 percent in 2013.
