Final answer:
An ethics and compliance officer should not maintain close friendships with management and senior staff to avoid conflicts of interest and ensure impartiality in their role, so the answer is false.
Step-by-step explanation:
An ethics and compliance officer should maintain professional boundaries to effectively monitor, enforce, and advise on ethical behavior and compliance within an organization.
Having close friendships with management and senior staff could potentially create conflicts of interest, impacting the officer's ability to perform their duties impartially and objectively. Therefore, the answer to the question is false.
It is important for an ethics and compliance officer to have a professional relationship with everyone in the company to ensure they are seen as neutral and unbiased. This enables them to address issues without fear of personal repercussions and maintain the trust required for their role.