Many companies with established compliance programs are turning to management-level compliance committees to enhance their oversight capabilities.  “When carefully designed and crafted, a compliance committee can be a very effective component of a company’s overall compliance program,” Erich Grosz, counsel at Debevoise & Plimpton told the Anti-Corruption Report.  What exploratory steps are necessary to create a compliance committee?  Once established, how should the committee function?  This article addresses these questions and more, detailing best practices for forming a compliance committee.  In the first article, the Anti-Corruption Report weighed the pros and cons of having a committee and discussed what types of companies may benefit from having a compliance committee.  The third article will discuss best practices for operating a compliance committee.  See also “How to Structure Chief Compliance Officer Reporting Lines to Maximize the Efficacy of Anti-Corruption Compliance (Part One of Three)” (Nov. 6, 2013); Part Two of Three (Nov. 20, 2013); Part Three of Three (Dec. 4, 2013).