CGO, or Corporate Governance Officer, is the person responsible (in some companies - not all have them) for making sure the company handles its business by the book. The CGO is the chief internal investigator, chief whistle-blower, and pays the price if the company breaks the law on his or her watch: the CGO does the jail time and pays the fines.
Can you say Enron? Andersen? WorldCom?
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