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How To Designate A CCO, Establish Compliance Office

Badami Heather | November 2, 2004

Corporate compliance programs are receiving renewed attention as an essential component of good corporate governance. Companies are finding that an off-the-shelf code of conduct and internal financial controls are insufficient to protect against an increasing variety of legal risks. The careful design and implementation of a comprehensive compliance program can manage these risks, prevent illegal and unethical conduct, and mitigate or eliminate punishments and liabilities when such conduct does take place.

The starting point for an effective compliance program is a compliance officer.

The importance of the compliance officer has been recently highlighted by SEC Commissioner Cynthia Glassman, who recommends that all companies have an officer with “ownership” of...

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