There are three core areas upon which directors should focus their attention regarding to help establish and maintain an effective compliance program: structure, culture, and risk management.
Three key takeaways:
1. A Board of Directors should inquire into the structural component of the compliance program as it will aid in determining the fundamental See more +
There are three core areas upon which directors should focus their attention regarding to help establish and maintain an effective compliance program: structure, culture, and risk management.
Three key takeaways:
1. A Board of Directors should inquire into the structural component of the compliance program as it will aid in determining the fundamental sense of a company’s overall compliance program.
2. Cultural questions should be asked to garner an understanding of what message is being communicated not only from senior management but also middle management.
3. Risk management questions should be asked to understand the company’s process being used to identify emerging risks, their evaluation and management. See less -