Consero Survey Reveals 55 Percent of Chief Compliance Officers Feel Employees Are Not Incentivized To Support Integrity Objectives
BETHESDA, Md., Dec. 11, 2012 /PRNewswire/ -- Consero Group LLC, an international leader in creating high-level, invitation-only events for senior executives, today announced the surprising findings of its 2012 Chief Compliance Officer Survey. According to the survey, which was taken at Consero's recent Corporate Compliance & Ethics Forum, 55 percent of respondents indicated that their performance appraisal and incentive programs do not support their companies' compliance and integrity objectives.
"These findings offer a compelling wake-up call for organizations operating in an increasingly regulated global marketplace," said Paul Mandell, CEO and Founder of Consero. "To avoid major fines for compliance lapses, companies must ensure that their employee appraisal and incentive programs are aligned in a way that is consistent with their corporate compliance and ethics objectives."
Mandell added, "At the same time, our data does suggest that organizations recognize compliance risks and are investing more aggressively in staff, as well as creating direct reporting lines from the compliance function to CEOs and Boards of Directors."
Forty-seven percent of respondents reported that their compliance staff size increased from 2011 to 2012, and an overwhelming majority indicated that they have sufficient access to their CEO (71%) and to their Board of Directors (76%).
Founded in 2010, Consero is an international leader in creating industry-specific events for senior-level executives. With operations in the U.S. and in Europe, Consero is best known for transforming the executive experience through intimate, invitation-only events in a sophisticated learning environment with high-level content. For more information on Consero, please visit consero.com.
Mark Allen & Company
SOURCE Consero Group LLC