At the annual Compliance Week conference earlier this year, Deloitte’s status as a sponsor and presenter put it in the center of some compelling conversations. Across the discipline, there’s a growing consensus that Chief Compliance Officers (CCOs) are moving out from behind their general counsels and taking their own seats at the big table.
The question now is what they’ll do there. Part of the challenge is to help connect compliance officers with internal control and technology solutions. But the corresponding challenge is to make strategic sense of what those solutions can deliver and prioritize accordingly. Another challenge is for CCOs to engage broadly across the enterprise on these solutions, so compliance can make the same robust use of big data that leaders in other areas have done.