Companies in the US that are placed under a monitorship must engage thoroughly and completely with the monitor. Once a monitor is in place and agreement has been reached on the terms of the enforcement agreement, engagement letter and scope of work to be performed, what should the company do to ensure a successful outcome?
John P. Carey
Companies in the US that must recommend monitor candidates to finalize a settlement agreement with the Department of Justice have a challenge ahead of them, and they will need to access and follow published guidance. What criteria should a company prioritize as they propose an impartial but effective monitor?
Being your company’s chief compliance officer is not a job for the faint of heart. Being the intermediary between regulators and your fellow staff is guaranteed to make you unpopular at times—and the position can render you vulnerable to reputational risk. What are the core attributes needed to transcend the risks to become the most effective CCO possible, protecting your company against the potentially devastating consequences of non-compliance?