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compliance officer
noun
- a specialist, usually a lawyer, employed by a financial group operating in a variety of fields and for multiple clients to ensure that no conflict of interest arises and that all obligations and regulations are complied with
Example Sentences
Mayer was one of four figures to depart in two weeks last autumn, in addition to the deputy Formula 2 race director Janette Tan, the F1 race director Niels Wittich and FIA compliance officer Paolo Basarri.
The compliance officer Paolo Basarri, who looked into the allegations and reported them to the ethics committee, was fired last month.
The changes to the statutes, which have been seen by BBC Sport, remove the ability of the compliance officer to report to the audit committee and remove the audit committee's ability to investigate any matter unless asked by the president of the senate.
And they would mean the FIA president controlled the appointment of the head of the ethics committee, and remove the role of the senate and compliance officer in its operations.
The move to change the FIA statutes comes at the end of a tumultuous year at the body, which has seen the departure of senior staff such as its sporting director, F1 technical director, chief executive officer, digital director, head of commercial legal affairs, governance and regulatory director, race director, compliance officer, a leading steward and deputy steward, the head of the women in motorsport commission, secretary general of mobility and director of communications, as well as the three most senior HR staff.
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