31 Days to a More Effective Compliance Program - Connected Compliance

Thomas Fox
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The disconnectedness compliance comes from the fact there is not one system which connects the disparate strands of the compliance discipline. In the view of Thomas Sehested, GAN Integrity founder and its former Chief Executive Officer connected compliance “enables a CCO and all those people in the organization working with compliance, to have one central place, a one system of record for everything they do.” This can be their whistleblowing hotline, case management, training of their employees or training of their vendors policy. It See more +
The disconnectedness compliance comes from the fact there is not one system which connects the disparate strands of the compliance discipline. In the view of Thomas Sehested, GAN Integrity founder and its former Chief Executive Officer connected compliance “enables a CCO and all those people in the organization working with compliance, to have one central place, a one system of record for everything they do.” This can be their whistleblowing hotline, case management, training of their employees or training of their vendors policy. It is literally connecting them all so they are running from one central location and these disparate systems can be monitored from one central location. He put it as, “really like getting everything under one roof.” I was struck by that metaphor, “getting everything under one roof”, as one of the struggles many compliance officers have is that the information they need is literally siloed across different functions of the company. Information can be contained in the sales function, where there may be employee expense data, information on marketing expenses or charitable donations may be in the sales organization but it could be spread among other corporate functions as well.

Three key takeaways:

1. Connected compliance moves you towards continuous monitoring.

2. Compliance under one roof.

3. Never forget the human element. See less -

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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