Board Role In Corporate Compliance – Board Oversight
Role of the Board of Directors in Corporate Integrity
I just reviewed the referenced piece that covers the Board’s role in compliance issues. Wall Street Journal Article On Board Role In Compliance. This piece echoes many of the points that I make in my presentations on this issue. (You can access my Blue Paper on this issue here: Board Compliance Role Blue Paper)
Practical steps that the Board an take to fulfill its compliance oversight responsibilities are laid out in the attached and in my presentation material as well. this piece is focused on practical steps the board can take to foster a culture of integrity.
The Board is ultimately responsible for assuring that compliance is taking place and a atmosphere and culture of compliance exists. Boards need to take these obligations seriously and proactively address compliance issues.
Tags: Board Compliance, Board of Directors, Compliance Oversight, Role of Board