Regulatory Compliance And The Chief Compliance Officer

摘要

Enron forever changed the public perception of corporate misconduct. SOX added a new dimension to the requirements of ethical behavior in business. Senior executives are putting not only their own integrity and their organization's reputation on the line. They are also risking their personal freedom when they fraudulently misrepresent their organization's financial condition. A skilled CCO, running a successful compliance program, can serve as a voice of reason and integrity when the perceived demands of business conflict with business ethics and regulatory constraints.rnEven the most efficient chief compliance officers cannot eliminate all white-collar crime. Organizations must realize that corporate culture where employees align their conduct with regulatory and ethical standards, as defined by the CCO, will prevent the organization from undergoing the problems caused by questionable conduct in today's marketplace.