- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Formalized, comprehensive approaches to ERM are not terribly baked into corporate practices, according to a recent study by the accounting profession.
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A new compensation survey found base pay for chief compliance officers has risen 36 percent since 2021 to an average of more than $403,000.
A lack of risk visibility is causing companies to reject customers–and potentially lose money–over fears they might be in danger of violating rules around anti-money laundering and sanctions regulations.
Companies may need to examine employees by age group to find out how likely some workers might be to ditch compliance to complete tasks.
