The board’s compliance committee will encounter a challenging agenda in the coming year. A series of recent corporate controversies, regulatory developments and judicial decisions combine to prompt the committee to take a closer look at its own level of diligence, the key elements of the company’s compliance program and, most significantly, employee acceptance of the compliance culture. The outcome of this review could transform both the way the committee exercises oversight of the compliance program, and the focus of compliance officers. The general counsel is well-suited to provide guidance in this process.
Standard of Conduct
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