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.
Given the limited amount of time realistically available in board meetings, board members need to come to the table with the basic knowledge and skillset required to provide sufficient and effective oversight to the ethics and compliance program—as is expected by various regulatory bodies.
Without this knowledge and competency, board interactions can be frustrating for both the compliance officer and the board members. Understanding these five key areas will help board members recognize their compliance responsibility and make the best use of everyone’s time.