Monday, September 9, 2013

WSJ: Execs Concerned about Compliance

A Wall Street Journal (WSJ) interview with Roy Snell, CEO of the Society of Compliance and Ethics, highlights the increased concern of top executives about compliance.

Snell discusses how the industry has evolved, future trends and where and how to develop the people needed to fill the growing number of jobs. The 12,000 member SCCE has a subgroup, the Health Care Compliance Association, formed to address rapid growth of compliance programs in that industry.

"Enron, Tyco, Penn State show us we don’t have a problem finding the problems and understanding the law, we have a problem following the law.."
- Roy Snell, CEO, The Society of Compliance and Ethics
Mr. Snell notes the risk areas that compliance programs cover "are broadening to all risk areas." "The compliance officer has been given more authority, accountability and responsibility."

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Sources:
(a) Q&A: Roy Snell, CEO, Society of Compliance and Ethics - WSJ, 09/95/2013

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