What's the Tone At the Very Top? The Role of Boards In Overseeing Corporate Ethics & Compliance.

Position:BOARDBOOK: WHAT'S ON THE AGENDA?
 
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LRN, an ethics and compliance consultant, recently conducted in-depth, off-the-record interviews with 26 chief ethics and compliance officers (CECO) of major companies. The interviews revealed that, despite aspirational statements of company values, ethics and compliance is not a high operational priority of their boards of directors.

Some more in-depth findings from the report:

* Nearly half of CECOs say that their board has not received education and training on their E&C responsibilities.

* About 40% say their boards have not done a "deep dive" on compliance failures and scandals, despite recent Department of Justice regulations requiring them to...

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