Updated: Feb 11, 2019
Ethical and proactive organizations are those that invest in improving their compliance performance and see it as an advantage in competing in highly-regulated, high-risk industries.
When it comes to performance and outcome based compliance there are three aspects that you must consider:
your capability (culture, systems, people) to be in compliance,
the effectiveness of your compliance programs to reduce risk,
the advancement of compliance outcomes.
The greater your capabilities and the more effective your programs are the better you are able to contend with the effects of uncertainty in buying down risks or assigning appropriate margins to be more certain of achieving your outcomes. Or saying it another way,
the better your compliance performance the more certain your value creation.