Compliance Officer Independence - Fun Fact anything, determine, investment

adehbone

Independence for CCO is defined as (a) separate from investment personnel and (b) reports to CEO **or BOD**. Just check the CFAI books.

So it isnt just strictly CEO to determine independence. I would argue that having someone report to a BOD - or BOD like entity - enhances independence as anything the CCO finds would be aired to a larger group... Just like the CEO doesnt report to the Chairman of the Board, he/she reports to the Board.

Im just sayin.

Analti_Calte

great. now im on the hook for plagiarism.

aidebaobao

Sponge_Bob_CFA Wrote:
-------------------------------------------------------
> WTF is a dingus anyway?

n. {Slang} An article whose name is unknown or forgotten.
A person regarded as stupid.

canadiananalyst

My bad -- I am sure you did fine. Good luck to you and the Madame Banni.

I will now continue to lurk.... But be careful... i will be watching.

liangfeng

charlottekid Wrote:
-------------------------------------------------------
> Not sure. Sounds offensive though, right?
>
> I made it up out of frustration with my
> performance Saturday. Or lack thereof.
>
> Feel like every q I wrestled with (whether or not
> most others did) I ended up landing in the
> quicksand.
>
> Im not happy that Skill clearly disagrees with me.
> Does not bode well for me.
>
> Peace out.


Please don't jinx me like that, but good luck to you.

Darien

Not sure. Sounds offensive though, right?

I made it up out of frustration with my performance Saturday. Or lack thereof.

Feel like every q I wrestled with (whether or not most others did) I ended up landing in the quicksand.

Im not happy that Skill clearly disagrees with me. Does not bode well for me.

Peace out.

mcmc

Oops. Now i really feel stupid. But I should feel just as stupid -- right? Shouldnt discriminate...

IAmNeil

No worries.

mar350

charlottekid Wrote:
-------------------------------------------------------
> SB - but i think/thought I do understand the
> components.... Just that when i read about firms
> that employ the AMC and have a CCO but dont see
> any reference to a CEO or BOD in the firm, i just
> get a little confused....
>
> I will repeat - apologies to Mr. B.

It's Ms. B, but I doubt she took too much offense.

liangfeng

SB - but i think/thought I do understand the components.... Just that when i read about firms that employ the AMC and have a CCO but dont see any reference to a CEO or BOD in the firm, i just get a little confused....

I will repeat - apologies to Mr. B.