CCO

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CCO

(1) (Chief or Corporate Compliance Officer) The executive person in charge of compliance issues, regulatory requirements, internal controls and managing audits within an enterprise or organization. Hiring for the position of CCO became popular in the early 2000s as a response to accounting and fraud scandals of such companies as Enron, Tyco and WorldCom, which were involved in corporate governance and financial disclosure problems. Legislation to ensure responsible reporting was passed, and policy compliance became a significant focus of upper management everywhere. See Sarbanes-Oxley Act.

(2) (Chief Confusion Officer) The head of the confusion department in large software companies who oversees the group that ensures that the next version of their software will mystify all previous users and drive them batty.
References in periodicals archive ?
Bishop currently serves as senior vice president, chief compliance officer, corporate secretary and general counsel for subsidiary Georgia Power, providing legal counsel to the utility's management team and overseeing corporate security, ethics and compliance, legal services, risk management and the corporate secretary's office.
In addition to continuing his role as general counsel and corporate secretary, Fraizer will now assume the responsibilities of chief compliance officer for the group.
With 30 years of experience in the industry, Carol brings a Chief Compliance Officer perspective to the practice for risk management for insurers and wholesale broker dealers," says Francine Fetyko, president of First Consulting & Administration.
If you are a General Counsel, Chief Compliance Officer or offer a service you feel would add value for legal and compliance leaders, request your invitation today online here: http://bit.
Volkswagen AG (Xetra: VW), a Germany-based automaker, has named Frank Fabian as its new Chief Compliance Officer and head of the Governance, Risk and Compliance departments with immediate effect.
Dubai mercantile exchange announces appointment of Greg Collins as chief compliance officer
JANICE INNIS-THOMPSON (TIAA-CREF), Senior Managing Director, Chief Compliance Officer
Global Banking News-April 17, 2015--McGraw Hill Financial names chief compliance officer
Klaus Moosmayer has been named to head Siemens' entire compliance organization as Chief Compliance Officer, effective January 1, 2014.
At Sempra Energy in San Diego, which prides itself on its comprehensive corporate governance program, a chief compliance officer oversees not just whistleblowing complaints but the broad training program that includes everything from recognizing antitrust violations to familiarization with the Foreign Corrupt Practices Act.
Scanlan is managing director and chief compliance officer for FleetBoston Financial.

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