Part of a Board of Directors' mandate is to know about the content and operations of a company’s ethics and compliance program, and to have “reasonable oversight” of its implementation and effectiveness. For Compliance Officers, two concerns immediately come to mind. First, what information does the Board of Directors need to ensure that they are ‘knowledgeable’ about the program? Second, what constitutes ‘reasonable oversight’? Host Michael Bramnick and LRN colleagues Keith Read and Wayne Brody discuss the answers to both – and the timing of letting the board know about a compliance concern.