Compliance Program Management

Reduce Business Drag and
Increase Program Impact

In Search of Compliance
Program Effectiveness

Compliance programs striving for effectiveness have focused on building their foundations (e.g., policies, training) and expanding their coverage and activity set.

Unfortunately, “bolt-on” activities are easier for employees to avoid because they exist outside the typical workflow. They also create burden for the business and confusion among stakeholders.

New Risks Increase Pressure on Compliance Leaders

“Anti-bribery and corruption is a difficult area of risk for companies to handle in order to be successful in the current global environment.”

Sonny Cave
EVP, General Counsel, Chief Risk and Compliance & Ethics Officer
ON Semiconductor Corporation

Compliance Stakeholders
Need a New Approach

This "bolt-on" approach is unsustainable—and an urgent problem to solve—as key stakeholders' demands evolve:

  • Regulators: Integrate compliance more into organization's operations
  • Boards: Coordinate reporting and risk narratives with other assurance functions
  • Business leaders: Streamline processes and demonstrate ROI
  • Employees: Reduce the effort burden of compliance 

At the same time, cost pressures on Compliance are growing. To do more with less, Compliance leaders must develop a clear action plan to identify and execute on the trade-offs required to best support program goals.

Alignment Is Possible

To reduce business drag and increase program impact, it’s critical for compliance to become part of the standard workflow.

To achieve this, compliance leaders must change their programs in three ways:

  1. Design compliance to be part of business workflow 
  2. Coordinate compliance and related assurance activities
  3. Assess how well compliance is built in to the business

“Every piece of your program needs to be tied to the actual operation… into the daily life of the corporation.”

Hui Chen
Compliance Counsel
US Department of Justice

Effective Compliance:
Collaboration is Key

To improve your compliance program, you must first understand functional partners’ activities and identify areas for closer cooperation.

Ask your functional partners a set of key questions to create visibility and assess feasibility.