Management Compliance Committees: Operation and Support (Part Three of Three)

A management-level compliance committee can address corruption risks, improve relationships between compliance and business personnel and show regulators that the company takes compliance seriously.  But unrealistic plans and failure to follow through can have the opposite effect.  To assist companies in establishing and maintaining effective compliance committees, the Anti-Corruption Report is publishing a three-part series on the topic.  This, the third article, advises companies about how to structure their compliance committees.  It includes discussions of who should oversee the committee, advice on how to support the committee, and pointers on committee operations.  In the first article, we weighed the pros and cons of having a committee and discussed what types of companies may benefit from having a compliance committee.  The second article detailed best practices for forming and operating a compliance committee.

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