Five essential elements of a compliance programme

05 Jun

Extremely interesting and well written article on the five essential elements of a corporate compliance programme.

The theme running throughout is that it is important for any programme to be joined up and preferably benefit from being managed centrally.  It is common for compliance activity within many organisations to be triggered by some form of failure in a certain area of the business.  In response, new policies and controls, new processes and new systems are implemented to address the issue, leading to many disparate silos of compliance activity.  This approach is inefficient but also doesn’t lend itself to the proactive management of compliance obligations.