The board’s audit and compliance committee may benefit from a briefing on several new developments that raise important risk and compliance oversight issues. These developments affect upstream reporting relationships of the general counsel; the expanding role of the general counsel; increased liability concerns of compliance officers; and a prominent new report on compliance program effectiveness. The typical committee charter will be implicated by each of these developments, and the general counsel is well situated to present this briefing.
1. “Reporting Up” This first development, arising from a recent decision of a state bar disciplinary commission, implicates the “upstream” organizational reporting obligations of the general counsel’s office to, and through, the committee.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
