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The 6 Drivers of High-Performing Compliance Programs

Over the past decade, NAVEX Global has been publishing market-leading benchmark reports for risk and compliance professionals. In our research, we've uncovered key program attributes that elevate program-wide performance.

GIVE ME THE REPORT

Research Shows Advanced Programs Have 6 Things in Common

1. Technology Adoption

Technology adoption positively aligns with program maturity. Advanced programs perform significantly better than those that do not leverage technology, especially when it comes to integrating risk and compliance program components.

See Technologies of Advanced Programs

97%	Of Advanced programs use risk and compliance technology
	Vs.
48%	Of Reactive programs use risk and compliance technology

77%	Of R&C professionals with Advanced programs say leadership views their program as a strategic investment
	Vs.
39%	Of R&C professionals with Reactive programs say leadership views their program as a "necessary evil"

2. Leadership Support

High-performing R&C programs enjoy increased levels of leadership buy-in. Risk and compliance programs that have leadership buy-in are seen as a strategic investment for the business as opposed to a "necessary evil." Incidentally, leadership support is also associated with the size and scope of the Chief Compliance Officer’s role.

3. Regulatory Alignment

Risk and compliance programs at all stages of maturity are overwhelmingly focused on regulatory compliance. However, how programs go about meeting regulatory expectations vary. The ability for a program to align with effectiveness measures in regulatory guidance is a key indicator of maturity.

See Approaches to Latest DOJ Guidance

87%	Of Advanced programs look to regulatory changes as a primary source to inform program decision making
	Vs.
41%	Of Reactive programs look to regulatory changes as a primary source to inform program decision making

89%	Of Advanced programs claim that improving organizational culture is important in R&C decision making
	Vs.
55%	Of Reactive programs claim that improving organizational culture is important in R&C decision making

4. Cultures of Trust

Organizations with a strong culture of trust have more developed programs and demonstrate better program performance. Developed programs are also more likely to prioritize organizational culture as a means to meet regulatory and programmatic expectations.

5. Board Engagement

Board oversight and program reporting is trending is a positive direction for many risk and compliance programs. A key indicator of increased engagement is the growing number of programs that formally require compliance matters to be reported to the board via escalation policies.

91%	Of Advanced programs rate their board involvement as good or excellent
	Vs.
31%	Of Reactive programs rate their board involvement as good or excellent

99%	Of Advanced programs conduct organizational assessments
	Vs.
11%	Of Reactive programs conduct organizational assessments

6. Program Evaluation

Mature risk and compliance programs regularly conduct program assessments and corresponding improvement activities. Mature programs are also more likely to document continuous improvements based on identified gaps – an expectation that has been further emphasized in the 2020 updates to the DOJ guidance.

Ready to Become a High-Performing Program?

Give us 30 minutes to evaluate your program and discuss areas for improvement.

Topics of discussion:

Discuss program gaps
Assess your program’s current technologies
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