This article was reprinted with permission from Michael Volkov’s Corruption Crime & Compliance.
When you get older, you realize that the so-called “mysteries of life” or institutions which you viewed with admiration from afar are really not as complex as you think. I would never call this cynicism. With age, you recognize that a lot of things that occur in life are the result of nothing more than just good old-fashioned people skills.
How does this apply to the Chief Compliance Officer’s work and position? In most forward-thinking organizations, the CCO reports to the CEO on day-to-day issues and the Board on a quarterly basis and, as needed, if an emergency occurs.