Volkov: Old CCO Model Is Dead

Corporations need a CCO with a chair in the C-suite, according to a leader in the ethics and compliance field referenced at length in the Corruption Crime & Compliance blog of the Volkov Law Group. The old model, in which the Compliance Officer reports to the Chief Legal Officer, is dead, Michael Volkov, CEO and owner of the Volkov Group LLC, argues. “We still see occasional whimpering from a few professionals seeking to maintain the old Compliance Model 1.0,” he says, “but it is hard to figure out why they cannot let go.”