Security News > 2021 > June > Chief Compliance Officers must embrace new leadership responsibilities

As demands on the compliance function grow more intense, Chief Compliance Officers must proactively embrace new leadership responsibilities for their role and reposition how their function is thought of among stakeholders, according to Gartner.

These working models require CCOs to embrace new roles, and in some cases, assertively expand how their function is thought of by stakeholders and business leaders, including acting as a strategic business advisor and championing the use of analytics to better manage new layers of risk.

"CCOs face an overwhelming set of risk responsibilities at a time when many organizations' cultures have been stressed or entirely uprooted," said Brian Lee, managing vice president in the Gartner Legal & Compliance practice.

"To be effective and gain the necessary influence to accomplish their goals, CCOs need to spend more time advising business leaders and aligning their guidance to the business' strategic objectives, including the compliance risks associated with top growth initiatives."

New responsibilities framework for Chief Compliance Officers.

They seek out a clear understanding of business objectives, advise leadership on compliance risks associated with business growth and provide objectives-driven guidance that can influence an organization's strategic direction.

News URL

http://feedproxy.google.com/~r/HelpNetSecurity/~3/18ieyihOHEY/