Structuring the Chief Ethics and Compliance Officer and Compliance Function for Success (from The SCCE Complete Compliance and Ethics Manual)

By Donna Boehme

Why This is Important

In an ideal world, a company that is establishing a new chief compliance and ethics officer position (CECO) would dedicate considerable time and effort to high-level strategic thinking, contemplating the mandate for the function, the proper positioning for the officer, the competencies and experience necessary for the new position, and the resources required to do the job. After all, as your mother always told you, anything worth doing is worth doing well. But all too frequently, as reflected in the steady parade of companies with failed compliance programs in the headlines, the CECO position is created in haste and repented in leisure