4 veteran CCOs, 5 questions: The evolution of compliance | Article

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Meet the CCOs

 

Blackshear

MICHAEL BLACKSHEAR    

Ryan Specialty Group

SVP, Global Chief Compliance Officer

Years in compliance: 20

 

Mason

JILL MASON

Orthofix

Chief Ethics and Compliance Officer

Years in compliance: 14

 

McGrew

ANDREA MCGREW

USA Financial

Chief Compliance Officer/Chief Legal Officer

Years in compliance: 13

 

Shen

LEONARD SHEN

Visa

SVP & Chief Compliance Officer

Years in compliance: 17

 

  1. What advice would you give your younger self as you started in compliance?
  2. What has changed most since you began in compliance?
  3. What has changed least?
  4. What single development has most impacted compliance?
  5. What will be the biggest challenge facing compliance in five years?

Their answers are below.

1. What advice would you give your younger self as you started in compliance?

MICHAEL BLACKSHEAR: It is OK to fail. It is OK to fall. It is OK to make mistakes … as long as you remember to learn from those failures.

JILL MASON: Know the business. Know the business. Know the business.

ANDREA MCGREW: Being a great CCO is about building bridges, not walls. A my-way-or-the-highway approach does more harm than good. A cooperative compliance approach increases adoption and adherence….

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