Set and Beat Your Benchmarks
See how your compliance program stacks up against your peers and learn new strategies to increase the effectiveness of what you’re already doing.
Achieving an effective ethics and compliance program requires more than simply adding rules and additional layers of controls. There must be an integrated effort that aligns financial and compliance requirements with the organization’s mission and values. The steps you take as a compliance professional should not be in isolation of your organization’s larger business objectives but in support of them.
Along with aligning with organizational goals, your compliance program can compound its impact by focusing on industry best practices that maximize efforts. This section will highlight the latest best practices in the use of technology, program automation and industry benchmarks to amplify the impact of key compliance program elements.
To gauge effectiveness, you need to measure the right things. For a compliance program, that means identifying key early indicators of when a risk might become an incident. And diligently keeping an eye on those indicators for signs of trouble.
Before adding yet another metric, take a fresh look at five common compliance program measures you probably already track see about extracting more from each of them.