Chief Compliance/Ethics Officer (CCO)

The chief compliance/ethics officer (CCO) typically has responsibility for oversight of a company's ethics initiative and compliance activities, including its code of conduct, guidance and reporting system, and ethics and compliance training. The CCO works with seniorlevel management to develop strategies and tools that are designed to integrate ethics, values, and compliance into all levels of the organization. To succeed, the CCO must have a deep understanding of the nature of the business, its policies and procedures, and its unique ethics and compliance risks.

The CCO is a relatively new position that is evolving in terms of role and job responsibilities. Larger companies are more likely to create such a position, or give more visibility to a preexisting position, as a result of the major corporate ...