- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Amii Barnard-Bahn2022-12-16T13:00:00
Most of us would agree compliance and ethics has such an overwhelmingly large scope—to prevent, detect, and deter all illegal and unethical organizational conduct—that expansion of the role is, well, risky. However, there are many proponents of adding environmental, social, and governance (ESG) to compliance’s duties.
ESG is a hot topic. It has rapidly expanded from solely a concern of publicly traded companies to a key global consideration.
Compliance Week’s “Inside the Mind of the CCO” survey asked participants whether their organizations would fund and resource a new function or expect ESG to be picked up by existing roles in the company. A slight majority of respondents (52 percent) said their organizations did not already have or intend to hire a separate sustainability lead.
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A pair of experts from vastly different companies swapped notes on how to scaffold and structure an environmental, social, and governance program at CW’s virtual ESG Summit.
The factors that surround the environmental, social, and governance disciplines have grown from just a few to more than 50 considerations, indicating all three ESG elements carry equal weight when evaluating a proper corporate strategy.
The Treasury Department’s Federal Insurance Office issued a report on gaps in how states supervise and assess climate-related risks among insurers.
New Compliance Week Editor-In-Chief Ian Sherr shares his thoughts on where compliance is headed as businesses meet the realities of not just following the rules, but staying ahead of the pace of regulatory change at a global scale.
Top-of-mind issues addressed at Compliance Week’s Third-Party Risk Management & Oversight Summit, held June 3-4 in Atlanta, included safe deployment of artificial intelligence, assessing vendor viability and sustainability, understanding the role of procurement in risk ranking, the intersection (or lack thereof) between data privacy and cybersecurity, and many others.
Anne Morriss, co-author of “Move Fast and Fix Things,” advises compliance officers to tap into curiosity, communicativeness, and comfort with discomfort to build organizational trust, fast.
