How the Board and Compliance View Each Other

Robust communication between the board and the compliance department is integral for a strong anti-corruption program, but relations between the two groups are not always straightforward.  The Society of Corporate Compliance and Ethics (SCCE), in cooperation with New York Stock Exchange Governance Services (NYSE), recently explored the interaction between board-level personnel and compliance personnel in their 2015 Board of Director’s Compliance and Ethics Survey.  NYSE senior compliance counsel Eric Morehead and senior analyst Leslie Prendergast, along with SCCE vice president Adam Turteltaub, discussed the survey in a webinar.  They compared various compliance topics from the perspective of both compliance officers and the board, including how companies should structure reporting lines, how frequently compliance should report to the board, how comfortable the board is hearing from compliance and the traits boards look for in CCOs.  See also “Customizing Codes of Conduct to Spread the Message of Compliance” (Mar. 4, 2015); “Using Behavioral Psychology Tools to Leverage Compliance Resources” (Feb. 4, 2015).

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