What are the three primary roles of a board member in a compliance program?

The selection of compliance oversight, structuring the compliance program, and evaluating effectiveness as the three primary roles of a board member in a compliance program is rooted in the fundamental responsibilities that a board member must uphold to ensure a robust compliance framework.

Compliance oversight is crucial as board members are tasked with overseeing the organization's adherence to laws, regulations, and internal policies. This oversight ensures that the compliance program effectively mitigates risks and operates within legal parameters.

Structuring the compliance program focuses on the initial design and framework of the program. Board members play a vital role in establishing policies and procedures that create a strong foundation for compliance activities. This includes aligning the program with the organization's goals and ensuring it has the necessary resources and support.

Evaluating effectiveness is another essential role, as it involves regularly assessing the compliance program's performance and impact. Board members are responsible for ensuring that the compliance efforts are not only in place but also functioning effectively. This might involve reviewing reports, audits, and assessments to determine if the compliance program meets its objectives and makes necessary adjustments based on findings.

This answer emphasizes the holistic approach board members must take in managing compliance, demonstrating their integral role in supporting a culture of compliance within the organization. The other options do not encapsulate the primary focus of board