News and analysis for the well-informed compliance or audit exec.
Annual Membership best value
Subscribe now for $365
Our lowest price ($1 per day) for one year.
- 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.
THIS IS MEMBERS-ONLY CONTENT. To continue reading, choose one of the options below.
News and analysis for the well-informed compliance or audit exec.
Annual Membership best value
Subscribe now for $365
Our lowest price ($1 per day) for one year.
2024-02-16T22:35:00Z By Adrianne Appel
Many ethics and compliance programs have refocused their efforts away from bribery and corruption and onto data security and privacy, complex government regulations, artificial intelligence security, and other contemporary challenges, a survey from LRN found.
2023-03-30T20:56:00Z By Jeff Dale
The Walt Disney Company is reportedly parting with Chief Compliance Officer Alicia Schwarz, whose responsibilities will be assumed by General Counsel Horacio Gutierrez.
2023-02-02T13:00:00Z By Aly McDevitt
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.
2024-05-21T12:45:00Z By Ruth Prickett
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.
2024-05-14T12:00:00Z By Adrianne Appel
Large public companies say they are prepared to comply with the disclosure requirements of the SEC’s new cybersecurity incident rule, according to a survey conducted by Compliance Week and DLA Piper, but concerns exist that those reports could enhance the threat of future cyberattacks.
2024-05-06T09:45:00Z By Aaron Nicodemus
Few compliance teams describe their access to company data as “robust,” according to a new survey conducted by Compliance Week and NAVEX, while apprehension toward the adoption of artificial intelligence remains a hurdle for the profession to clear.
Site powered by Webvision Cloud