Section 3

Demonstrating Value

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Make the Most of the Boardroom

Learn how to prove and communicate the value of your program while becoming a strategic partner to the C-suite and your board. 

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The value of your compliance program is demonstrated with a mixture of art and science. Hard data and evidence-based information is your scientific proof, while more abstract observations of attitudes and behaviors make up the art of your compliance program. Together the art and science of your work tells its story of effectiveness. 

This section will give you the guidance to best tell your compliance program’s story of effectiveness through best practices in program assessment and benchmarking. It will give you the tools you need to package the raw data of your work into a compelling presentation to your CEO, board and senior management. And it will provide expert advice to help guide you through nurturing key relationships across your organization to showcase the value of your program even when it’s not in the spotlight. 

So You Wanna Do Compliance Analytics...

Bottom line? It will be hard. But… compliance metrics can be streamlined, analyzed and even predictive if you know what you need to know. 

Matt Kelly, Radical Compliance 02/15/2017
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Bottom line? It will be hard. But… compliance metrics can be streamlined, analyzed and even predictive if you know what you need to know. 

Almost every compliance officer would say that analytics is marching its way into corporate compliance, and everyone is looking for guidance on how to make sense of the endless sea of data available.

Many times, the data itself isn’t crucial for good analytics; it’s the data about the data—that is, the characteristics that describe the raw data—that give compliance officers the most insight. Which means you, as a compliance professional, need to think carefully when you are building a new compliance process to be sure that it generates data you can analyze later. The lynchpin to successful data analytics is having good data to analyze.