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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2023-12-19T22:38:00
Compliance teams most often report to their firm’s legal department, Compliance Week’s “Inside the Mind of the CCO” survey found. However, heavily regulated companies and those with fewer employees are more likely to have compliance directly under the chief executive officer.
Of the 322 total respondents to the survey, 39 percent said their compliance department reported to legal. This was followed by reporting to the CEO (34 percent); a board committee (21 percent); the board itself (17 percent); or the chief operating officer, chief financial officer, or chief risk officer (9 percent each). Multiple responses were allowed.
Amy Matsuo, principal and national leader, compliance transformation and regulatory insights at KPMG, said there is no one best reporting structure.
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News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership $499 Value offer
Full price one year membership with auto-renewal.
Membership $599
One-year only, no auto-renewal.
2024-02-16T22:35:00Z By Adrianne Appel
Many ethics and compliance programs have refocused their efforts away from bribery and corruption and onto data security and privacy, complex government regulations, artificial intelligence security, and other contemporary challenges, a survey from LRN found.
2023-03-30T20:56:00Z By Jeff Dale
The Walt Disney Company is reportedly parting with Chief Compliance Officer Alicia Schwarz, whose responsibilities will be assumed by General Counsel Horacio Gutierrez.
2023-02-02T13:00:00Z By Aly McDevitt
Todd Hartman, general counsel and chief risk officer of Best Buy, shares the catalyst behind revamping the retailer’s second line of defense and the lasting benefits of separating compliance from legal.
2024-09-24T13:10:00Z By Ian Sherr
As the artificial intelligence boom sweeps into the business world, employees are increasingly concerned about ethics questions and data privacy, a new Deloitte survey found, leading them to increasingly lose trust in their organizations.
2024-08-14T20:29:00Z By Aaron Nicodemus
Annual pay and bonus compensation for chief compliance officers at public companies jumped to $419,000 since 2023, while CCOs at private companies saw a slight decrease to nearly $300,000, according to a new compensation survey.
2024-08-06T16:54:00Z By Adrianne Appel
Nearly all but a tiny minority of financial institutions saw their costs of financial crime compliance rise in 2023, a survey by LexisNexis and Oxford Economics found.
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