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Boards and CCOs adapt to the new forces that unify them

Joe Mont | June 6, 2017

The steady stream of reports regarding corporate misconduct raises many questions, not least of which is how boards of directors seem so oblivious and negligent in their fiduciary and oversight responsibilities.

The days of board members holding a largely ceremonial position are long gone. In the modern business world, director responsibilities have evolved far beyond business unit concerns and the fight for ever-increasing profitability to include being a “good company” that is in regulatory compliance.

Amid growing board responsibilities, and as a key member of the risk mitigation team, the chief compliance officer’s visibility and influence at the board level has never been more crucial.

A session at the recent Compliance Week 2017 conference in Washington D.C. looked at ways compliance officers can clearly and effectively communicate the issues that keep them up at night to directors.

When does information need to go to the board? How does the chief... To get the full story, subscribe now.