Who is responsible for developing goals and objectives for the compliance program?

The compliance committee plays a pivotal role in developing goals and objectives for the compliance program because it is typically composed of individuals with diverse expertise and perspectives essential for ensuring effective compliance across the organization. This committee is responsible for overseeing compliance efforts, assessing risks, and ensuring that the compliance program aligns with the overall mission of the organization.

By establishing clear goals and objectives, the compliance committee can create a framework that guides the compliance program's initiatives, promotes a culture of compliance, and addresses specific regulatory requirements and organizational needs. This collaborative approach ensures that all relevant stakeholders contribute to the program's design and implementation, leading to a more robust compliance strategy that effectively mitigates risks and promotes ethical conduct within the organization.