Michael Volkov – Corruption, Crime & Compliance – December 4, 2015
I always use the “Streetcar Named Desire” line to describe the challenges a Chief Compliance Officer faces – CCOs depend on the kindness of strangers. It is a little bit of an exaggeration but bear with me. CCOs are not superheroes and cannot by themselves ensure an effective ethics and compliance program.
An effective compliance program depends on a positive working relationship among the key compliance functions in a company. CCOs have to work closely with the General Counsel, the Internal Auditor, Human Resources, CFO and Comptroller, Information Technology, Security, Procurement, Senior Leadership Team, and of course, the CEO.
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