GC & CCO: Should they be the same person?

The skills and implementation of those skills by a general counsel and the chief compliance officer are not necessarily the same. In the former instance, a lawyer is trained and experienced in making arguments for facts and circumstances that live in the "gray." In the latter, the compliance professional is playing a far more binary game, similar to that of a traffic cop. But all too often, either the budget of a firm effectively forces leadership to force both roles onto the general counsel, or management does not possess a high-fidelity understanding of the differences between the roles and the skills required to optimally carryout those roles. In this video, we conclude that these roles should be carried out by two different people or service providers where possible.