The proliferation of chief compliance officers in corporate America dates back to 2002, when Cynthia Glassman - a Securities and Exchange Commission commissioner at the time - called on companies to appoint a "corporate responsibility officer."rnWith all due respect to Ms. Glassman and compliance officers everywhere, there already is a chief compliance officer on the management team - the chief financial officer.rnAnother concern, however, is emerging in the market. While some talk about compliance and some talk about risk, nobody within the organization is bringing these disciplines together, integrating them into a holistic practice. As a result, GRC - governance, risk and compliance - means nothing to everybody or everything to nobody.
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