The board of directors at Company B has promoted Whitney to chief ethics and compliance officer. She will lead its newly created compliance department. According to leading practices, to whom should Whitney report?

Question

Quizplus · Accepted Answer

Best practices suggests that a chief ethics and compliance officer have a functional reporting line directly to the audit committee of the board of directors rather than to the chief executive officer or other management-level official.

The Board of Directors at Company B Has Promoted Whitney