Cover: On the Shoulders of Giants

On the Shoulders of Giants

Directors as Pillars of Rectitude and Compliance in the Corporation

Published in: Corporate Finance Review, Vol. 15, no. 3, Nov./Dec. 2010, p. 17-24

Posted on rand.org 2010

by Michael D. Greenberg

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.

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