- 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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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.
2025-03-11T20:33:00Z Provided by GAN Integrity
This is a Compliance Week Survey, sponsored by GAN Integrity. It is completely anonymous and designed to help benchmark the state of third-party due diligence. Results will be shared by Compliance Week and GAN Integrity in the form of a benchmark report.
2025-02-05T18:56:00Z By Aaron Nicodemus
Managing the unrelenting pace and increasing complexity of regulations is the top concern among compliance professionals, according to a recent survey by Compliance Week and Resolver.
2024-12-16T19:23:00Z By Adrianne Appel
The majority of businesses are using AI and doing so without governance–a compliance gap that poses extreme risks, a new survey by Compliance Week and GAN Integrity found. A webinar will discuss why it is crucial to have AI governance, how to implement it, and what strategies to strengthen programs. ...
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