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.
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.
Are you focused on the right things? Let’s take a deeper look at our compliance risk assessment and make sure that our compliance efforts are truly impacting our greatest risk concerns.
Are you focused on the right things? Let’s take a deeper look at our compliance risk assessment and make sure that our compliance efforts are truly impacting our greatest risk concerns.
We have some disconcerting patterns emerging in how compliance risk assessments get done.
What companies need—and what many board directors say they want—is a risk assessment that addresses both compliance and ethics. Ethics risks breed reputation risks, and you won’t find a director anywhere who ignores that threat any more. But the worst ethics risks lurk deep within business processes, interlaced among all sorts of other operational risks. So if companies really are serious about taming modern risks that endanger them, a robust ERM process that includes compliance risks is the way to go.
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