Chapter 3. Program Administration

Chapter 3. Program Administration

In order for a compliance program to be deemed effective, it needs to be structured properly. This begins with the designation of an independent compliance officer and establishment of a compliance committee. A compliance program needs support, too—from the board, management, key professionals, and staff. Adequate resources are also essential, including the program’s budget, staff, and operational expenses. Once in place, the compliance department needs to establish annual goals, report on its activities, and work to continually improve. A primary objective for the program is to establish itself as an integral part of the organization. This chapter covers the important aspects of structuring and administering an effective compliance program.

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