Managing the Impact of High CCO Turnover in Financial Services Sector
By Carlos Guillen
In 2016 when search firm Russell Reynolds released its study of the role of the corporate compliance officer in the financial services sector(1), the most alarming finding was that there was a 40% turnover rate among CCOs over a two-year period. This does not come as a surprise to those of us in the compliance world. We have been dealing with the growing impact of CCO turnover for some time as asset management firms, banks and insurance companies have had to grapple with the increasing complexity of compliance regulation and the dearth of qualified CCOs. Read the full article here.