A year into the COVID-19 pandemic shows that maintaining compliance oversight in a remote work environment has been doable, but not without problems. Amy Lynch, FrontLine’s Founder and President, sees firms doing fairly well overall, but how well is dependent on where a firm is in its lifecycle. She explains that compliance has been overwhelmed and less likely to keep up at firms that have expanded their hiring and product lines during the pandemic. Ms. Lynch adds that chief compliance officers working from home can feel isolated, especially where compliance is not involved in firm decision-making processes, and finding effective ways to manage compliance in the remote environment then becomes more difficult. See InvestmentNews, “Remote compliance mostly meets the challenges of working from home“
Also See FrontLine’s UpFront BoardRoom discussion piece, “How the Remote CCO Succeeds.”
