The road from CCO to board: What compliance professionals need to know

Executive board

For decades, corporate board seats have been a semi-retirement strategy for chief executive officers and chief financial officers who want to stay in the game.

With institutional investor calls for greater board diversity, corporate board membership has been brought from behind closed executive suite doors and into the spotlight as an opportunity to improve both corporate governance and to distribute power and leadership opportunities more equitably among women and people of color.

Undoubtedly, if you’re reading this, you support the need for increased compliance and ethics expertise as part of a board member profile.

When I speak with compliance professionals, there is a strong interest in board service as a career goal. My experience matches the results of Compliance Week’s fifth annual “Inside the Mind of the CCO” survey, which found chief compliance officers and chief ethics and compliance officers desire progressing to the board (17 percent) more than any other job change.

So, what does it take to get on a corporate board?

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