Experience The GC & CCO Advantage: Meet Michelle Banks, Former Global General Counsel, Corporate Secretary, and CCO of Gap Inc.
Compliance officers are often a company’s most important line of defense against the occurrence of costly mistakes and reputational risk. Most compliance officers take on a high stakes role with a myriad of responsibilities all wrapped up into one: teacher and advisor, counselor and prosecutor, and above all, champion of integrity. Despite the pressure to get it right every time, they too make mistakes. But unlike a simple benign occurrence, mistakes in the compliance arena can have dire consequences including threatening one’s job.READ FULL ARTICLE
Within the last half decade, there has been a significant increase in the need for top compliance talent across all industries. Now more than ever, C-Suite executives and Board Members are recognizing the importance of the compliance function and are finding ways to integrate it within their organizations as an independent entity, separate from the legal department. Consequently, the role of the Chief Compliance Officer is evolving, and more compliance executives are earning a seat at the table as business leaders and decision makers.READ FULL ARTICLE
Steve Jobs was brilliant at hiring A-list players at Apple. His laser focus on designing the best products was dependent on hiring and keeping the best talent. Based on his relentless pursuit of exceptional employees, Jobs left behind valuable advice about the importance of these players to the success of a high performing team:
“I noticed that the dynamic range between what an average person could accomplish was 50 or 100 to 1. Given that, you’re well advised to go after the cream of the cream. A small team of A+ players can run circles around a giant team of B and C players.”READ FULL ARTICLE
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BarkerGilmore is pleased to present the 2018 Compliance Compensation Report
What does it take to keep your Chief Compliance Officer (CCO) when the pressure is on? In 2014, I interviewed CCOs and presented my findings in an article published in Ethisphere magazine. Back then it was clear that having CEO and board level buy-in for ethics and compliance programs was the key reason CCOs remained engaged and were able to retain the best and brightest within their compliance departments. That’s all still true today along with some well-deserved recognition and increased visibility for the best-of-the-best in the CCO seat.READ FULL ARTICLE