The chief operating officer (COO) is a senior executive responsible for overseeing the day-to-day administrative and operational functions of a company. The COO typically reports directly to the executive director (CEO) and is considered second in the chain of command. It is their job to ensure that the organization is compliant with all applicable laws and regulations. This may involve developing compliance programs, conducting audits, and implementing training programs to ensure that employees are aware of and adhere to company policies.
Apple's chief compliance officer is responsible for the development, review, and execution of the Apple Antitrust Compliance Program. This program is monitored by the Audit Committee, which meets four times a year, with additional meetings as needed. The chief compliance officer also serves as a point of contact for employees, shareholders, business partners, customers, and the general public on issues related to the implementation and compliance with the Roche Group Code of Conduct. They coordinate the network of local compliance officers and ensure that best practices are regularly exchanged and shared within the network, as well as that global compliance tools are continuously reviewed and updated.
The group's chief compliance officer is also responsible for developing a reputational risk management framework (RRMF). The Board regularly receives information from Apple's general counsel and Apple's chief compliance officer on legal and regulatory developments affecting the company, including updates on legislative developments, government investigations, litigation, and other legal proceedings. The chief financial officer (CFO), chief risk officer (CRO), chief compliance officer, and director of internal audit also provide their updated reports. The group's director of public policy and corporate responsibility is responsible for developing a reputational risk policy and associated regulations, including the tolerances with which data is monitored, reported, and scaled as needed.
A chief operating officer (COO) plays an integral role in ensuring that an organization is compliant with applicable laws and regulations. They are responsible for developing compliance programs, conducting audits, implementing training programs to ensure that employees know and follow company policies, coordinating networks of local compliance officers, providing updates on legal developments to boards of directors, developing reputational risk management frameworks, and more. Apple's chief compliance officer is responsible for the development, review and execution of Apple's global business conduct and compliance program and reports regularly to the Audit Committee.