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Corporate Social Responsibility
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8.30.2007 - 04:55pm ET
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OCEG Announces Collaborative Whitepaper on the Role of the Chief Ethics and Compliance Officer
(CSRwire) PHOENIX, AZ - AUGUST 30, 2007 - The Open Compliance and Ethics Group
(OCEG), a nonprofit organization with a mission to help organizations
align their governance, risk management, internal control and compliance
(GRC) activities to drive business performance and promote integrity,
announced today the release of a collaborative whitepaper entitled:
Leading Corporate Integrity: Defining the Role of the Chief Ethics and
Compliance Officer.
"OCEG's research has revealed many benefits of integrating governance,
risk management, internal control and compliance processes," says Scott L.
Mitchell, chairman and CEO of OCEG. "This whitepaper provides excellent
guidance on how to structure the role of the chief ethics and compliance
officer to maximize the success and performance of integrated GRC
processes."
Directly aligned to the core practices in the OCEG Foundation, the
Whitepaper elaborates on:
The responsibilities of the Chief Ethics and Compliance Officer as
strategic personnel.
How the role of Chief Ethics and Compliance Officer relates to
oversight responsibilities of the board and executive management of
organizations.
Individual and organizational requirements for effective compliance
and ethics capabilities.
"As a member of the OCEG Leadership Council, a Fellow at the Ethics
Resource Center, and a practitioner who approaches compliance and ethics
with an integrated perspective, it was an honor and a valuable experience
to co-chair this project, and I'm proud of what we've achieved here." says
Scott Roney, Vice President, Compliance and Ethics at Archer Daniels
Midland Company. "We have brought together a core group of experts to
define a unified set of beliefs about the challenges that face CECOs and
realistic ways to overcome those challenges and advance the
profession."
The Whitepaper represents the first cooperative effort of OCEG, the
Business Roundtable Institute of Corporate Ethics (BRICE), the Ethics
Resource Center (ERC), the Ethics and Compliance Officer Association
(ECOA), and the Society of Corporate Compliance & Ethics (SCCE). OCEG
looks forward to further collaborative initiatives with these
organizations. The Whitepaper was the topic of a recent OCEG Ask the
Commissioner webcast. The materials from the webcast along with the
Whitepaper can be downloaded at http://www.oceg.org/view/USSC5.
About the Open Compliance and Ethics Group (OCEG)
OCEG is a nonprofit organization that provides a framework (the OCEG
Framework) for integrating governance, compliance, risk management, and
integrity into the tangible practice of everyday business; drives adoption
of the Framework through a multi-industry, multi-disciplinary coalition;
and provides a community of practice for the exchange of information,
tools, benchmarking and feedback for continual improvement of the
Framework. OCEG drives principled performance.
For more information on OCEG and the OCEG Framework, visit: www.oceg.org.
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