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What compliance needs most of all is the ability to improve and mature capability over time to advance compliance outcomes. These capabilities are often directed at the reactive side of compliance focused on reporting, audits Compliance technology must now support proactive as well as reactive processes. Modern compliance systems should include capabilities that support: Managing all obligations (mandatory

Organizations that have relied solely on audits to identify gaps in their compliance may now discover Use of Audits The use of periodic audits as the primary compliance control is all too common and has Audits work best when organizations are mostly “in-compliance.” The assumption that organizations are still mostly “in-compliance” may no longer be warranted or wise of risk and compliance programs.

Contrary to common misconceptions, compliance does not hinder the creation of stakeholder value; instead Compliance is not solely about adhering to rules but encompasses integrity, alignment, and operational Compliance and Stakeholder Value Compliance and the creation of stakeholder value are two interconnected Compliance provides a foundation for building trust and credibility with stakeholders. Compliance helps align organizational values with operational objectives.

Everything happens in the presence of uncertainty, and this uncertainty creates the opportunity for risk.

When it comes to compliance, there are numerous obstacles that can hinder success, and it is vital to Not a blind faith, but a faith grounded in the knowledge that being proactive can and will enhance compliance The most significant risk to compliance isn't the obstacles that may hinder it, but the opportunities That's what compliance is truly missing, and the gap that needs to be closed.

Over the years I have observed that there is one reason that stands above all others as to why compliance Traditional road maps to implement compliance programs focus on steps that start with low hanging fruit These compliance programs never reach operational status let alone effectiveness. The same is true here, you always have an operational compliance system – a compliance system that works That is why these companies will never have an effective compliance system.

When it comes to making compliance decisions many organizations will consider the cost and what they What appears to be going on is the scope of risk consideration is making compliance decisions “de minimis Some of this happens as a result from taking a reductive, siloed, and simplistic approach to managing compliance This is enabled when no one owns or is accountable for enough compliance scope to make the risk consideration Effective risk-based compliance decisions requires that organizations widen their scope by considering

This issue becomes particularly evident when it comes to meeting compliance obligations. Despite assembling teams of specialists to address various aspects of compliance, organizations often Compliance efforts require a multifaceted approach that goes beyond individual tasks. Aligning Talent with Compliance Programs: Organizations should align talent more effectively with compliance , organizations need to develop integrative compliance strategies.

On one hand, compliance with rules and regulations is necessary for a functioning society. However, the mere act of compliance does not necessarily lead to a better society. Compliance can be a passive act, undertaken out of fear of punishment or social ostracism. Both compliance and personal autonomy are important, and both can be used to promote personal and societal

In a recent risk and compliance survey it was reported that the pandemic did not significantly disrupt risk and compliance programs although it did impact priorities. The report goes on to say that risk & compliance programs were under-resourced with leadership commitment Why didn’t risk and compliance change during the pandemic? Essentially, we are not prepared to expand risk & compliance.

This unseen partner unlocks a game-changer for compliance: real-time assurance. The digital twin serves as your "golden thread" of compliance. The digital twin empowers a proactive approach to compliance. At Lean Compliance, we understand the importance of context and connections. This is the future of compliance – real-time, proactive, and driven by the insights hidden within your

Companies face an increasing demand to not only meet regulatory compliance but also uphold their responsibility This article delves into the innovative approach of integrating promises within compliance frameworks They transcend mere legal requirements, embodying values that go beyond compliance. Implementing Promise-Embedded Compliance Programs By embedding promises within compliance programs, organizations Perhaps, the best aspect of embedding promises within compliance programs is it that it affords compliance