- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Working in compliance requires a mix of risk management, business strategy understanding, regulatory analysis, and interpersonal influence. Also important is overcoming one’s own internal roadblocks to doing the right thing.
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Compliance is perfectly primed to adapt, with the ability to influence change in culture as part of integrated and innovative approaches to risk management. Does that translate to the board level?
Substantial investments from industries like financial services have helped raise the status of compliance as a rewarding career path. Jason Morris of the ICA provides insight on where aspiring compliance officers can get started.
Counteracting bias is part of the compliance officer job description, and now more than ever is it important for that duty to extend to new business technologies being implemented.
Companies spend huge sums on audit, risk management, and compliance to alert them about potential legal issues before they escalate into serious corporate governance failings. There’s only one problem, however–they often misread their own early warning signs or ignore them altogether.
Company training has always been equal parts important and annoying. But a recent inquest found some eLearning courses fail to warn companies when employees struggle through education and testing. For 13-year-old Hannah Jacobs, the consequences ended with her death.
Norfolk Southern Corp., the railroad still cleaning up the environmental and financial damages caused when one of its trains derailed in a small Ohio town, has fired its top executive and chief legal officer after concluding they had an affair that violated company policies.
