- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Aaron Nicodemus2024-07-25T18:15:00
A new compensation survey found base pay for chief compliance officers has risen 36 percent since 2021 to an average of more than $403,000.
The 2024 “In-House Counsel Compensation Survey,” published Wednesday by legal search firm Major, Lindsey & Africa (MLA), also found that total annual cash compensation for CCOs jumped an average of 72 percent to $740,707 over that same period.
“The market is reflecting the increased emphasis on culture and compliance–and the expanding role this is creating for CCOs,” said Jeannine Lemker, managing director in MLA’s In-House Counsel and Board Services groups and survey co-author, in a press release.
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Our fifth annual “Inside the Mind of the CCO” survey saw keeping up with regulatory policies dethrone resource support as the biggest concern among all respondents for the first time.
Pay among women general counsel outpaced men in 2022 for only the second time since 2018, according to the latest compensation benchmarking report from corporate leadership data provider Equilar.
Annual total compensation for chief compliance officers rose 10 percent in 2022, according to the latest compensation survey by executive search firm BarkerGilmore.
Companies may need to examine employees by age group to find out how likely some workers might be to ditch compliance to complete tasks.
Nearly three-quarters of compliance professionals at investment firms have made testing for off-channel and electronic communications surveillance a top priority in mock exams, according to a new poll, with more than half calling it the “hottest” topic of discussion.
A recent survey by surveillance technology firm SteelEye found most financial institutions do not monitor their employees’ use of social media or factor in market risks exacerbated by social media posts.
