By Adam Turteltaub
Dan Roach is Chief Compliance Officer for Optum360 and one of the co-founders of the Society of Corporate Compliance and Ethics. He has directed the development and implementation of compliance programs for more than 25 years. Throughout this time he has staffed boards and compliance/audit committees, as well as served on the board or compliance/audit committee of the board for multiple organizations.
In this Compliance Perspectives podcast, Dan shares his expertise on five key questions. Are there specific legal requirements for board members when it comes to overseeing compliance? What should board members be asking of the compliance team? What should boards be asking management when it comes to their interactions with compliance? What should compliance officers be telling the board on an ongoing basis to help boards exercise their oversight authority? What should a compliance officer not be sharing with the board?
Listen in as he shares his insights including:
- Take the time to understand what training in compliance, legal and regulatory risks that individual board members may need
- Don’t measure your interaction with the board based on minutes spent with them, but instead on the quality of the interaction
- Provide key metrics to the board on the effectiveness of the program and how its elements are functioning
- The need for the board to ask management if the compliance program is being executed consistently, and whether there are sufficient resources