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Brian Michael spoke to the Wall Street Journal a few
new Justice Department coverage making chief compliance officers
personally responsible for guaranteeing the effectiveness of their
firm’s compliance program in settlements with federal
“I feel it might make a compliance officer’s job
actually tough,” Brian mentioned. “It runs the chance of
creating numerous resentment and friction between chief compliance
officers and different senior executives.”
Brian added that the coverage might put compliance officers in a
bind, and whereas it empowers them to a level, giving them the
capability to refuse certification might fracture their relationship
with the CEO and different executives.
“The CEO will not be going to look kindly on a COO who will not be
prepared to signal this factor, notably if the CEO or different senior
executives assume they ought to have the ability to,” Brian mentioned.
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Originally printed by Wall Street Journal
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