Continuous monitoring and continuous improvement are two of the most important phrases for any compliance program. These twin concepts were perhaps the biggest modifications in the 2020 Update to the Evaluation of Corporate Compliance Programs. In 2021, all companies’ risks changed as we moved from Working From Home to Return To Office and now a hybrid work model. These changes in our basic work location drove home perhaps the most prescient comment I heard during the pandemic year of 2020, which was by Jed Gardner, who said, “We See more +

Continuous monitoring and continuous improvement are two of the most important phrases for any compliance program. These twin concepts were perhaps the biggest modifications in the 2020 Update to the Evaluation of Corporate Compliance Programs. In 2021, all companies’ risks changed as we moved from Working From Home to Return To Office and now a hybrid work model. These changes in our basic work location drove home perhaps the most prescient comment I heard during the pandemic year of 2020, which was by Jed Gardner, who said, “We have moved from disaster recovery to business continuity to business as usual.” What this means is that risks will change in ways you may not see at speeds you do not anticipate. Your compliance program must be ready to respond to whatever those risks might be going forward.

Three key takeaways:

1. How has your company’s risks changed over the past year?

2. What is your process for continuous monitoring and improvement?

3. What sources of information do you use from outside your organization? See less -