Managing compliance obligations within a large organization often involves the coordination of many compliance professionals from the CCO to Chief Ethics Officer, CIO/CTO, Chief Privacy Officer, Director of Corporate Compliance, IT Director, Legal counsel, HR Director and Supply Chain Manager. There are also many challenges in managing fragmented and disparate compliance obligations from financial controls to IT compliance to environmental health and safety.
Consequently, many of these initiatives are being managed in silos which limit a compliance officer’s ability to effectively train, communicate, monitor and ultimately measure the status of compliance obligations across the enterprise with any level of confidence. Effective compliance programs leverage a more practical, cross-regulatory approach to managing compliance that can alleviate increasing costs and complexity. This more strategic approach to compliance reduces overall costs as you leverage common assessment processes and technology infrastructure.
To learn how you can break down the compliance silos and implement a cost-effective approach to managing compliance, check out a recent Compliance Week Webinar presented by Michael Rasmussen, President of Corporate Integrity, and Julian Parkin, Group Privacy Programme Director at Barclays.