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 -