Compliance Chiefs Navigate Pay Surge Amid Regulatory Challenges
Friday, 6 September 2024, 06:57
The Rise of Compliance Executives in A Regulatory Landscape
Compliance chiefs see a notable pay surge as regulatory requirements continue to mount. The intensified scrutiny on corporate governance has shifted the perception of compliance from a secondary function to a key player in corporate strategy.
Key Factors Behind the Pay Surge
- Increased regulatory demands require more sophisticated oversight.
- Companies are integrating compliance within the executive leadership framework.
- Enhanced independence of compliance roles ensures more effective governance.
The Shift in Compliance Structure
A growing trend shows companies moving the compliance function to an independent organization.
- This establishes compliance as a peer to legal functions.
- Elevates the profession in perceptions of corporate governance.
- Facilitates better communication and reporting lines.
As a result, compliance roles are gaining prominence in corporate boardrooms, as highlighted in a Major, Lindsey & Africa report.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.