Scenario:

You have learned about many failures to comply with regulatory requirements across several industries. You have also learned about the roles and responsibilities of a Board of Directors, Management and an independent Compliance Risk Management function in ensuring a company operates within the rules and regulations that govern the products and services they provide. You will need to use the Correction Action Plan the Department of Health and Human Services is requiring as a part of their enforcement action.

You are an independent board member of Anthem and are preparing for you first board meeting where Management and the Chief Compliance Officer are scheduled to provide a board update on the actions they have taken and those planned to meet the expectations of the order.

Assignment: Please provide 5 questions you plan to ask management, and at least 3 questions you plan to ask the Chief Compliance Officer during your meeting with them.