Compliance Officers Seek Results To Justify Existence
Law360, Chicago (January 25, 2016, 10:20 PM EST) -- Corporate compliance officers have more prominence than ever within their organizations, but a new survey shows they still lack influence over company operations and struggle to justify compliance spending to their CEOs and boards.
Part of the difficulty is figuring out how to demonstrate return on investment in the compliance area since it’s difficult for compliance officers to prove the savings from a lawsuit, investigation or other corporate breakdown that never happened. That’s particularly true when they have to do so in front of a finance-minded CEO or board that is used to hearing division heads talk about the return on...
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