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what's the tone at the very top?

The Role of Boards In Overseeing Corporate Ethics & Compliance

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Discoveries from the Report

In-depth, off-the-record interviews with 26 Chief Ethics and Compliance Officers (CECO) of major companies revealed that, despite aspirational statements of company values, ethics and compliance is not a high operational priority of their boards of directors.

Oversight is Lacking

Oversight of the ethics and compliance function at large companies is too often neglected by the board. CECOs cite too little time, priority, depth and strategy.

Education is Needed

Board directors are not getting the necessary education and training on their E&C responsibilities, nor are they able to probe deeply on misconduct, culture and metrics.

Accountability is Crucial

High-functioning boards value ethics and compliance and hold leadership accountable for E&C outcomes and metrics. Most boards can and must do better.

Boards must take meaningful steps to acknowledge the very real financial, tactical, and moral benefits of the ethics and compliance function.

The Role of Boards Report

WHAT'S THE TONE AT THE VERY TOP?

The Role of Boards In Overseeing Corporate Ethics & Compliance