Rapid Fire Panel Rapid Fire Panel Governance Question

Rapid Fire Panel

Rapid Fire Panel Governance Question Options How often do you report and/or interact with your Board? Once a year 2 – 4 times a year More than 4 times a year Does your Board have a Risk Committee (or similar)? Yes No If yes, are you a member of that committee? Yes No Has your firm developed a formal, Yes written Corporate Governance policy? No

Rapid Fire Panel Continued Supervision Question Options Does your firm employ software that assesses the suitability of client portfolios or accounts, in meeting your Tier 1 or Tier 2 supervisory requirements? Yes No If yes, is it a proprietary system or a third-party license? Proprietary Third-party Does your firm employ software to meet your trade surveillance requirements? Yes No If yes, is it a proprietary system or a third-party license? Proprietary Third-party

Rapid Fire Panel Continued Supervision Continued Question Options Does your firm have a Risk Waterfall algorithm? Yes No If yes, are you a better risk manager with that waterfall process? Yes No Is your compliance dept involved in the due diligence when recruiting advisors? Yes No If yes, is the CCO’s opinion a determining factor for a hire/no-hire decision? Yes No

Rapid Fire Panel Continued Supervision Continued Question Options In the event of material misconduct Select all that apply: by a registrant at your firm, who may CCO get involved in the resolution? Registrant’s immediate supervisor UDP/CEO HR Counsel

Rapid Fire Panel Cybersecurity Question Option Does your firm have a formal, written Yes Cyber Security (or Information No Security) program? Is Compliance involved in developing that program? Yes No

Rapid Fire Panel Digital Question Option Does your firm have a digital client onboarding system? Yes No If yes, does your firm use electronic client ID verification processes? Yes No Does your firm have, or are you actively working on, a Robo Advisor platform? Yes No

Rapid Fire Panel Conflict of Interest Question Option Does your firm allow registrants to have Outside Business Activities? Yes No

Rapid Fire Panel CCO Liability Question Option As CCO, do you find your job is getting harder or easier over the last 7 -8 years? Yes No

Rapid Fire Panel BCP Question Option Does your firm’s Business Continuity Plan go beyond the regulatory minimum guidelines? Yes No Does your BCP include a crisis management team (or similar incident response team)? Yes No

Rapid Fire Panel E&O Question Option Does your firm require your advisors to have E&O insurance? Yes No Is it a centralized service with one provider? Yes No Is it a helpful service in your conflict resolutions processes? Helpful Creates more work/takes more time No impact

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