According to ethics and compliance officers, a respected and trusted insider who knows the company's culture and people is a preferable choice for a firm's ethics or compliance officer.

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This is because an insider would already have the necessary knowledge and relationships within the organization to effectively implement and enforce ethical and compliance measures. They would also be more familiar with the company's policies and procedures, and sensitive to its business needs and challenges. However, it is important to ensure that the insider selected has a strong ethical record and is free from conflicts of interest.

According to Ethics and Compliance Officers, a Respected and Trusted