- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
After all of the misfirings at Uber this year, the company needs to appoint a chief compliance officer, who reports directly to the CEO, and works to change the values while putting in the infrastructure to support the backbone of a best practices compliance program. Sooner, rather than later.
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Uber has been stripped of its London operating license after the city’s transportation regulator identified a “pattern of failures” by the company, including several safety breaches that placed passengers at risk. It is appealing the ruling.
A look at the trials and tribulations of taxi-app company Uber: data breaches it tried to keep hidden, how they were exposed, what Uber is doing to fix operations.
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.
