Lamond W. Kearse is the Metropolitan Transportation Authority’s (“MTA”) first Chief Compliance Officer. The MTA is one of the largest transportation organizations in the world with almost 70,000 employees servicing on average 8.4 million customers daily with an annual operating budget of approximately 13 billion dollars.
The MTA Board of Directors, as part of corporate governance restructuring, created the position of Chief Compliance Officer. In 2004 Mr. Kearse joined the MTA establishing a Corporate Compliance Department to manage MTA’s governance, risk, and compliance programs. Mr. Kearse advises the Board of Directors on corporate governance, ethics, internal control and compliance issues including financial and other reporting requirements.
He created the MTA’s first comprehensive Code of Ethics, Board Member Code of Ethics and Vendor Code of Ethics. He instituted mandatory compliance/ethics training for officers and directors and created a confidential ethics helpline for employees to report violations or seek advice. In addition, he oversaw MTA’s implementation of its first automated GRC platform.
Mr. Kearse also worked in the enforcement division of the United States Securities and Exchange Commission.
He is a member of the Ethics and Compliance Officer Association, National Association of Corporate Directors and the Society of Corporate Compliance and Ethics.
A native of South Carolina, Mr. Kearse received his B.S. from Francis Marion University in Florence, South Carolina and a J.D. degree from Boston University School of Law in Boston, Massachusetts.