CCOs or Chief Compliance Officers are company executives who make sure their company is falling in line with all of the federal, state, and city regulations. A recent survey by DLA Piper survey revealed that a there is a decided increase of apprehension among compliance officers. The survey-called the 2016 Compliance & Risk Report-primarily highlighted CCOs in the Washington area. The Justice Department has appointed Hui Chen as its first compliance counsel. In this role, as an expert in the field Chen will consult with and advise in the fraud department as they investigate corporate fraud.
Chen’s hire is just one face of the U.S. governments renewed focus on corporate misconduct throughout the industry. The DLA Piper survey revealed that compliance officers in general are facing a higher stress level as they are personally held responsible for any misconduct by their companies whether they had anything to do with it or not. One of the most successful and respected CCOs in the nation is Helane Morrison of Hall Capital Partners LLC. Morrison has been involved in business leadership since the 1980s.
Helane Morrison earned a B.S. in Journalism from Northwestern University and her J.D. from the University of California at Berkeley. She then began her career by serving as a law clerk from 1984 to 1986. In 1986 she entered private practice. From 1986 to 1996 she served at a lawyer at a San Francisco firm where she specialized in business litigation and defense for the SEC. From 1996 to 1999 she was head of enforcement at the SEC office in San Francisco. From 1999 to 2007 she headed the San Francisco office of the U.S. Securities and Exchange Commission. Morrison has been CCO at Hall Capital Partners since 2007. She is also a much respected and much sought after speaker on the intricacies of compliance issues.