In the third episode of his "Clearly Conspicuous" podcast series, "Compliance Management System: You Better Have One... or Else," consumer protection attorney Anthony DiResta identifies the three main components of a compliance management system, or CMS: board/management oversight, an effective compliance/monitoring program and an audit system. Mr. DiResta explains the importance of each of these elements and why companies need to have an effective compliance management system in place to minimize risks.