In multi-national, multi-billion dollar organizations, the roles have become so large and complex, it is difficult or impossible for one person do both adequately. Moreover, the roles have very different focus, with the GC there to protect the company from legal harm, and the CCO on hand to find, fix, and remediate compliance issues.
For this and other reasons, I published my latest book, Effective Leadership Skills in Compliance: CCO 3.0 and Beyond. it’s intended to provide the compliance professional with both tactical and strategic leadership skills to help navigate the host of corporate disciplines involved with the compliance function in the modern era.
This book moves beyond the technical knowledge a chief compliance officer or compliance professional must master to succeed. It provides practical guidance about the non-legal, non-technical skills they need. It describes the landscape where the truly outstanding compliance professional makes compliance part of the DNA of his or her company.
The roles of the CCO and compliance practitioner will continue to evolve. This book looks at the changes that are coming and talks about tactics and strategy to develop the professional skills to meet the coming challenges.
Part I discusses communication skills needed to be an effective CCO.
Part II investigates several techniques to embed innovation into your compliance program.
Part III reviews the always significant area of influence in your work as a compliance professional.
The roles of the CCO and the compliance department will continue to expand. The explosion global corruption scandals, best exemplified by Volkswagen, is putting more pressure on compliance professionals. They now need to be constantly prepared to respond to boards of directors, CEOs, regulators, shareholders, and even the public. In the days and years ahead, CCOs and other compliance professionals will need even more skills to meet the requirements of their critical positions.
Effective Leadership Skills in Compliance: CCO 3.0 and Beyond can be purchased on Amazon.com.
Thomas Fox, pictured above, is a contributing editor of the FCPA Blog and a Compliance Week columnist. He’s the founder of the Houston-based boutique law firm tomfoxlaw.com. A popular speaker on compliance and risk-management topics, Fox is also the creator and writer of the widely followed FCPA Compliance Report. His book Lessons Learned on Compliance and Ethics topped Amazon’s bestseller list for international law. He can be contacted here.