31 Days to More Effective Compliance Programs - Day 26 - Compliance Function in an Organization

Thomas Fox - Compliance Evangelist
Contact
The compliance professional's role and the compliance function in a corporation have steadily grown in stature and prestige over the years. When it came to the corporate compliance function, the 2020 FCPA Resource Guide, under the Hallmarks of an Effective Compliance Program, noted the government would "consider whether the company devoted adequate staffing and resources to the compliance program given the size, structure, and risk profile of the See more +
The compliance professional's role and the compliance function in a corporation have steadily grown in stature and prestige over the years. When it came to the corporate compliance function, the 2020 FCPA Resource Guide, under the Hallmarks of an Effective Compliance Program, noted the government would "consider whether the company devoted adequate staffing and resources to the compliance program given the size, structure, and risk profile of the business."

Three key takeaways:

1. How is compliance treated in the budget process?

2. Has your compliance function had any decisions overridden by senior management?

3. Beware outsourcing of compliance as any such contractor must have access to company documents and personnel. See less -

Embed
Copy

Other MultiMedia by Thomas Fox - Compliance Evangelist

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.

© Thomas Fox - Compliance Evangelist | Attorney Advertising

Written by:

Thomas Fox - Compliance Evangelist
Contact
more
less

Thomas Fox - Compliance Evangelist on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.