On the Shoulders of Giants
Directors as Pillars of Rectitude and Compliance in the Corporation
ResearchPosted on rand.org 2010Published in: Corporate Finance Review, Vol. 15, no. 3, Nov./Dec. 2010, p. 17-24
Directors face newly heightened expectations to recognize and fulfill their responsibilities to oversee the company's management of compliance, ethics, and reputation risks. They must perform compliance and ethics (C&E) oversight, and take on the necessary data-gathering responsibility to understand their firms deeply. Directors should not be operating unassisted when it comes to carrying out their responsibility. Appointing a strong, independent Chief Ethics and Compliance Officer (CECO) to act on their behalf is an essential starting point.
Related Content
Topics
Document Details
- Copyright: Thomson Reuters
- Availability: Non-RAND
- Year: 2010
- Pages: 8
- DOI: https://doi.org/10.7249/pubs
- Document Number: EP-201000-126
This publication is part of the RAND external publication series. Many RAND studies are published in peer-reviewed scholarly journals, as chapters in commercial books, or as documents published by other organizations.
RAND is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.