Definition

CCO (Corporate or Chief Compliance Officer)

A Chief Compliance Officer (CCO) is a corporate official in charge of overseeing and managing compliance issues within an organization, ensuring, for example, that a company is complying with regulatory requirements and that the company and its employees are complying with internal policies and procedures. 

The job of the Chief Compliance Officer includes:  

  • Policy and Procedure Management -- defining, communicating, training and attesting to corporate policies and procedures.
  • Compliance Monitoring -- evaluating and measuring the state of compliance across the organization.
  • Investigations -- managing investigations into wrong doing and anything that violates regulatory/legal requirements.

Corporations have become concerned about compliance because of increasingly stringent and complex legal requirements. According to the technology research firm Gartner, 41% of corporations in the United States had a designated Chief Compliance Officer in 2010.

CCO is one of a growing number of corporate titles including CEO, CFO, CIO, CTO, CCO and CSO.

See also:  electronic discovery, compliance audit, PCI compliance, Report on Compliance (ROC), compliance validation, Compliance: Glossary

This was last updated in April 2008
Posted by: Margaret Rouse

Email Alerts

Register now to receive SearchCIO.com-related news, tips and more, delivered to your inbox.
By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

Do you have something to add to this definition? Let us know.

Send your comments to techterms@whatis.com

There are Comments. Add yours.

 
TIP: Want to include a code block in your comment? Use <pre> or <code> tags around the desired text. Ex: <code>insert code</code>

REGISTER or login:

Forgot Password?
By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy
Sort by: OldestNewest

Forgot Password?

No problem! Submit your e-mail address below. We'll send you an email containing your password.

Your password has been sent to: