In this episode, I visit with John Fons. Over his career, Fons has been the Director, Global Compliance & Ethics, Modine Manufacturing, Senior Counsel, Modine Manufacturing, General Counsel, Joy Global, Milwaukee and VP, General Counsel & Secretary, Metso Minerals, Brookfield. Fons has also been a Partner to the Board and all levels of organization in setting strategic direction of ethics and compliance program and implementation within businesses. Fons provides insights into some of the current issues facing CCOs and CECOs today.
Some of the highlights include:
- Why compliance needs to report into a Board committee separate and apart from the Audit Committee;
- Why Boards should have compliance expertise on the Board;
- Why CCOs should have a written contract with guaranteed severance; and
- Why the hiring and firing of CCO should be an 8K event.