« How far will law departments influence management decisions of their key firms? | Main | International M&A – rules of thumb on costs and staffing »
Law department relationship to ethics and compliance heads
During the summer of 2005, 412 inside corporate counsel responded to an online survey sponsored by ACC and Corpedia, a provider of ethics and compliance training. Some 85 percent of those respondents were at US-based companies; and 60 percent were with publicly-traded companies.
One finding was that “32 percent of all organizations have a dedicated Chief Ethics Officer as well as Chief Compliance Officer and approximately one-third of the time these duties and titles are handled by separate individuals.” I think this means that one-third have two Chiefs and one-third combine the posts.
The report summary does not say whether either of those Chiefs are sometimes the general counsel. (See my posts in 2005 on ethics: Aug. 27 and reputational risk, Sept. 10 and Chief Governance Officers, Oct. 29 and the OECG survey, Nov. 16 and Raytheon’s general counsel, and Dec. 19 on BP’s law department and ethics training.)
Posted on December 22, 2005 at 12:46 PM in Structure | Permalink
TrackBack
TrackBack URL for this entry:
https://www.typepad.com/services/trackback/6a00d834519fb069e200d83559552d69e2
Listed below are links to weblogs that reference Law department relationship to ethics and compliance heads:
Comments
You can follow this conversation by subscribing to the comment feed for this post.
The comments to this entry are closed.