CCCP Board & Executive Communication 4

Question 1

A whistleblower complaint alleges misconduct by the CEO. The CCO should report this FIRST to:

Accepted Answer

The independent directors or audit committee, bypassing the CEO

Answer

When the alleged wrongdoer is the CEO, the CCO must bypass that individual and report directly to independent board members.

Question 2

Board materials prepared by the compliance function should generally be distributed how far in advance of a board meeting?

Accepted Answer

Five to seven days before the meeting to allow meaningful review

Answer

Distributing materials five to seven days in advance enables directors to read, reflect, and formulate questions before the meeting.

Question 3

The 'three lines of defense' model, when communicated to the board, assigns compliance primarily to which line?

Accepted Answer

Second line — compliance, risk management, and legal functions

Answer

The second line of defense encompasses compliance, risk management, and legal functions that provide oversight of the first line.

Question 4

Which metric is MOST useful for communicating the health of a compliance culture to the board?

Accepted Answer

Percentage of employees completing ethics training combined with hotline utilization trends

Answer

Training completion rates combined with reporting channel utilization are behavioral indicators that reflect culture health, not just structural compliance.

Question 5

When presenting a sensitive government subpoena to the board, the CCO should coordinate PRIMARILY with:

Accepted Answer

Outside counsel and the audit committee chair before any broader disclosure

Answer

Government subpoenas require immediate coordination with outside counsel and audit committee leadership to manage legal risk and privilege.

(CCCP) Certified Corporate Compliance Professional Practice Test

(CCCP) Certified Corporate Compliance Professional Practice Test

CCCP Board & Executive Communication 4