Tagged: General counsel

The Importance of Compliance Independence

The Importance of Compliance Independence

I did not expect to return to this issue.  This was an “old” issue that was resolved many moons ago.  The issue was a professional debate over the reporting relationship between the chief compliance officer (CCO) and the chief legal officer (CLO)/general counsel. After 20 years of debate, CCOs managed to sway the professional community: CCOs have to operate independently, without improper interference by the...