What should Chief Compliance Officers Report to the Board?

The Compliance Evangelist – The Chief Compliance Officer (CCO) role is essential in building an organization that meets regulatory standards and upholds a robust ethical culture. But what should the CCO be reporting to the Board of Directors to ensure they understand the full scope of the company’s compliance landscape? The article by The Compliance Evangelist offers important elements to address in regular meetings and reports to the Board.

• Overview of compliance program structure, processes and key updates
• Risk assessment and emerging compliance risks
• Status of key compliance initiatives and program enhancements
• Compliance investigations and response to issues
• Compliance program metrics and key performance indicators
• Status of compliance culture
• Resources and budget to ensure adequate support

An engaged, supportive Board is the corner stone of an effective ethics program. Regular reports and engagement addressing these elements help assure the Board is appropriately informed to fulfill their oversight responsibilities.

Read The Compliance Evangelist article here.