The concept of the compliance officer is something that more companies need to consider. This is the best possible way for any organization to make sure that it doesn’t go up in flames with corrupt schemes.
People that are looking for Helane Morrison can see how she has transitioned over the years. She has worked as a regional director for the Securities Exchange and Commission. She has also worked as a lawyer. That is what makes her a great compliance officer as her time at the SEC prepared her for all the in’s and out’s of the position. There are so many companies that are looking for a way to stay up on new laws, but many companies do not have a lawyer in place to help with this. Hall Capital acquired Helane as a compliance officer to help the organization steer clear of the laws that executives may be unaware of.
Morrison has a great sense of responsibility, but she can handle it. There are many people that are looking at what she has been has done so far, and now she is associated with an organization where even more funds are being managed. Companies are going to need the help of compliance officers at all times for major decisions.
Even executives with the best intentions are going to have some limitations in the areas of the law. They may not know what is the right way to do something so it takes an inside investigator to make sure that everything is running as it should be. Helane Morrison as the ability to make sure they’re in compliance and that everything is being implemented in accordance to what is right. This is going to be very important to the client base because no client wants to be associated with an organization that may have corrupt practices. Currently, the client roster includes billionaires like Warren Buffet.
The bottom line of it all is that companies to have compliance officers are going to be a lot less likely to fall victim to the corruption that a lot of other companies face with scandals. These companies are going survive because a compliance officer is going to govern the organization according to the standard.
A lot of company leaders wish that they had someone that was knowledgeable enough to work as a compliance officer from the inside. I believe that Kathryn Hall made a very wise decision to hire someone with a background like the one Helane Morrison has.