Dec. 11, 2012
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
, 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
, CEO and Founder of
. "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,
is an international leader in creating industry-specific events for senior-level executives. With operations in the U.S. and in
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
, please visit
& Company 212.243.8543
SOURCE Consero Group LLC