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Compliance Officers: More Jobs, More Responsibility, More Liability, Susan Lorde Martin
Compliance Officers: More Jobs, More Responsibility, More Liability, Susan Lorde Martin
Notre Dame Journal of Law, Ethics & Public Policy
In response to a great deal of new rule making by federal agencies in the last few years, corporate compliance departments are becoming larger and more involved in businesses in an effort to eliminate regulatory violations and to reduce fines in the event of an offense. At the same time, chief compliance officers who head these departments are becoming increasingly concerned that they will be held liable for the actions of others at their companies merely because they are in charge of their companies’ compliance programs. This article looks at examples of laws that give rise to compliance mandates and …