31 Days to a More Effective Compliance Program - Compliance at the Table

Thomas Fox
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Going into the 2020s and beyond, a corporate compliance function needs to be an integral part of your corporate business strategy going forward. One of the key reasons is the ever-important debate of compliance as a cost center will become more critical going forward in this decade. Obviously if compliance programs are not effective, enforcement actions will continue to be extremely costly. Over last 10 years, there has been an increasing impact on the business where you not only must have compliance resources focused on remediation, See more +
Going into the 2020s and beyond, a corporate compliance function needs to be an integral part of your corporate business strategy going forward. One of the key reasons is the ever-important debate of compliance as a cost center will become more critical going forward in this decade. Obviously if compliance programs are not effective, enforcement actions will continue to be extremely costly. Over last 10 years, there has been an increasing impact on the business where you not only must have compliance resources focused on remediation, but business resources as well. This has only grown greater with reputational risks amplified by social media.

Three key takeaways:

1. It will be even more important for compliance to have a seat at the table going forward.

2. Look for synergies with other types of compliance.

3. Such synergies can be a big cost savings. 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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