Entries in SCCE (12)
During the past month, I've been in London at the SCCE European initiative conference and last week at the Florida convention of the Health Care Compliance Association. The month has been an opportunity to gain some new perspective on the community of global compliance officers.
I've been attending the HCCA's 19th Annual Compliance Institute this week in Lake Buena Vista, Florida.
We're always glad to hear from Roy Snell. He's the CEO of the Society of Corporate Compliance & Ethics and its sister organization, the Health Care Compliance Association. He told us Monday the SCCE/HCCA had just reached a combined 15,000 members.
The compliance profession has for years been beset by a debate with the outside world over the position of Chief Compliance and Ethics Officer (CECO). Should the CECO be part of the law department reporting to the general counsel? Or should the CECO be an independent, equal member of the C-Suite, reporting to the CEO with direct, regular access to the board? In my opinion and many others, this is the most consequential debate in the compliance field today.
To balance the excitement over recent reports of the DOJ’s tough investigation and a new CEO at Wal-Mart, we could consider what compliance officers are taught by the SCCE: Lawful but awful does not mean everything is OK; it’s a wake up call and a test of the company’s identity.
The SEC's associate director of enforcement, Stephen L. Cohen, left, had some great things to say when he spoke this week at the SCCE Annual Conference in Washington D.C.