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The Chief Ethics and Compliance Officer: A Test of Endurance
Author(s) -
GNAZZO PATRICK J.
Publication year - 2011
Publication title -
business and society review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.524
H-Index - 21
eISSN - 1467-8594
pISSN - 0045-3609
DOI - 10.1111/j.1467-8594.2011.00396.x
Subject(s) - officer , compliance (psychology) , position (finance) , test (biology) , function (biology) , management , public relations , psychology , political science , business , law , social psychology , economics , paleontology , finance , evolutionary biology , biology
The Chief Ethics and Compliance Officer (CECO) is an essential and important function in organizations. The CECO position is, however, a relatively new position and, as such, is not yet institutionalized as a separate function within those organizations. This article addresses what the author believes are the reasons the CECO should be independent from the General Counsel and that the position should report to the highest levels within that organization, including the Board of Directors. The questions addressed will have a lasting impact on the strength and lasting viability of the CECO in organizations in future years. The author outlines seven conditions that, if met, will enhance and fortify the CECO position for the future.