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

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So does a CCO look into PCI Compliance also?
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For health care FDA compliance, audit and remeidation, IT and process development etc.
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