National Compliance Officer Day - September 26th, 2023,
Tasked with ensuring an ethical and safe environment for running businesses nationwide, compliance officers are considered very special and thus deserve a day to celebrate them.
HISTORY OF NATIONAL COMPLIANCE OFFICER DAY
Since the emergence of the compliance profession in the early 1990s, compliance officers have become indispensable to the successful and safe running of a business. They are responsible for ensuring that companies and businesses follow the regulations and requirements imposed on them. Compliance officers should have high ethical standards and be reliable, effective, and honest. In 2016, SAI Global launched National Compliance Officer Day to honor compliance professionals who are hardworking men and women.
The position of Chief Compliance Officer began to be heard of in the early 2000s, and since then, it has become part of the compliance departments across many organizations. Compliance officers are responsible for preventing crumbling in a rapidly changing world. They ensure that companies follow regulations and that customers' and organizations' rights are protected. Ultimately, compliance officers ensure that our economy doesn't slip into depression by taking necessary actions quickly rather than reacting frantically to economic meltdowns.
Compliance is a tough job, and employees and society should celebrate these dutiful men and women on National Compliance Officer Day.
FIVE FACTS ABOUT COMPLIANCE
All kinds of organizations require it, thus making it a diverse profession
A compliance officer must have high ethical standards and a wide range of skills.
To maintain a sustainable working space, organizations need the help of their compliance officers.
Compliance officers do not work alone but alongside other departments within an organization.
Compliance officers are responsible for reviewing government regulations and making recommendations.