31 Days to a More Effective Compliance Program - Three areas of Board inquiry

Thomas Fox
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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 -

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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