Survey: CCO Resources, Pressures Both Rising

survey

KPMG has published a new survey of chief compliance officers with plenty of findings that the compliance community should find interesting. The good news is that most CCOs expect budgets and headcounts to rise in the coming year; the bad is that CCOs also expect more pressure for better compliance program performance from numerous directions. …

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Making CCO-GC Relationships Work

compliance

As we all settle into the new year, let’s begin by continuing to debate an age-old question: What is the proper relationship among the chief compliance officer, the general counsel, and senior management? This has been on my mind since last month, when I moderated a webinar on new guidance for compliance officers in the…

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Remediation Efforts That Work

Before our fond memories of the Society of Corporate Compliance & Ethics 2023 conference sail into the sunset, I want to recap one more session I attended at the conference since it’s a subject well worth a compliance officer’s attention: the delicate art of remediating a compliance failure while you’re still investigating it. This has…

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Report: Insourcing Up, Confidence Too

survey

Thomson Reuters has published a fascinating new survey of corporate compliance professionals, finding that most companies are bringing more risk management and compliance work in-house — and that a solid majority of compliance officers are confident that their teams can handle the compliance risks they face.  That’s one major conclusion of the 2023 Thomson Reuters…

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The Art of Compliance Program Assessment

One of the many sessions I attended at the Society of Ethics & Compliance conference last week was about how to perform an assessment of your compliance program. The discussion was great and I took lots of those notes. So today let’s run through those notes on this important task for compliance officers.  We can…

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Justice Dept. Cuts Compliance Break for M&A

fcpa

The Justice Department is extending yet another olive branch to companies to encourage stronger compliance programs, saying it typically will not prosecute companies that self-disclose issues at acquisition targets if the company makes that disclosure within six months of closing the deal.  So said deputy attorney general Lisa Monaco on Wednesday, speaking at the Society…

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Tips for Compliance and Data Analytics

data analytics

The other day I had the great fortune to moderate a webinar on data analytics in compliance programs with Kirsten Liston, founder and CEO of Rethink Compliance. We had a great time and Liston certainly knows her stuff on data analytics, so I took lots of notes. Let’s review the major themes that arose from…

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Stretching Your Compliance Budget

The other week I moderated a webinar on how compliance officers can stretch their budgets for maximum effect. As usual the discussion was fascinating, and since tight budgets are pretty much a universal challenge for corporate compliance programs, I took plenty of notes.  First, what struck me most was that most of the conversation did…

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Is Cyber Driving the CCO-Board Relationship?

SolarWinds

We begin this week with yet another compliance benchmarking report, this time from Navex: a deep look at how compliance officers engage with senior management, and whether cybersecurity concerns, rather than anti-corruption, might be driving the board’s attention to compliance these days.  Navex published the report late last week. It polled more than 1,300 compliance…

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Working With Middle Managers

middle managers

The other week I had the good fortune to moderate a webinar on how compliance officers can work with middle management — those assistant vice presidents, department heads, regional managers, and other executives so crucial to the success of a corporate compliance program. I took lots of notes, and pass them along now since this…

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