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.
Measuring compliance effectiveness based on the number of reports being generated can create false insights into your compliance program. Remember, you don't want a quiet hotline. Check out this video and learn from other professionals on how to best gauge the success of your program.
Each 5-minute Peer Perspective video is packed with valuable insights from industry leading experts, and compliance and legal professionals.
Making sure employees understand the purpose of the hotline and it's availability is really important. If a hotline is set up but never rolled out effectively, or communicated clearly to the employees, it will never be used to it's fullest potential. No cases is never a good sign.
Boy this is a gem. A few great takeaways? You must teach the way your employees learn. Sounds basic. It's not. Giving E&C data to audit for analysis. Smart and relevant. Audit is becoming more and more active in the E&C realm. Lastly... think no news is good news? Think again.