Defining Compliance 2.0: Key Compliance Partners (Part 5 of 5)

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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Read this article on Corruption, Crime & Compliance.