IGNITES: CCOs Struggle to Drop 'Cop' Rep, Drive Strategy
July 26, 2017, By Jill Gregorie, Ignites (a Financial Times Service)
If money is power, shops’ growing compliance budgets suggest CCOs are gaining sway across the industry, particularly at a time when other departments are seeing spending cut. Yet compliance chiefs say they feel stuck in the backseat when it comes to driving firm strategy, a new report indicates.
In fact, half of compliance chiefs surveyed by Ignites Research say that their budgets have gotten bigger in the past year, but fewer than one third say they play a role in setting strategy at their firms. Click here to read Alaric Compliance CEO Guy Talarico’s comments on the CCO’s struggle to help drive strategy. (Login may be required)