Risk & Compliance Matters

Risk has changed. The future lies in moving past a rigid structure and embracing a holistic view that broadens our perspective of risk while simplifying the approaches we take to managing it. This is how your organization can create a single, resilient architecture capable of managing people, regulatory and business risk.

The COVID-19 pandemic has challenged business in profound ways, impacting every industry, company and employee. That is why NAVEX Global is launching Stronger Together, a COVID-19 resource for risk and compliance professionals and the organizations they protect.

Though severe, COVID-19 isn’t the first public health threat the U.S. has faced. In this week’s Flashback Friday, compliance expert Mary Bennett, R Ph., offers insight and advice on how hospitals can and should leverage their policy management solutions during a time of crisis.

Social media not only provides channels for employees to talk; when paired with a brewing global state of distrust, it can lead to a culture of speaking out instead of speaking up. Learn key steps organizations can take to reduce the ethics and compliance risks, and increase the reputational benefits of social media.

The risk and compliance landscape is changing dramatically. As risk and the regulations developed to manage it increase, so too does the need for greater accountability. The result? Strained relationships between compliance and risk management teams.

A new report from the NYC Bar Association raises a thought-provoking question: To what extent should a compliance officer be personally responsible for a program that’s floundering because the company just doesn’t care enough about compliance?

While the “culture of compliance” concept has been around for more than a decade, compliance and ethics scandals continue to demonstrate that such cultures are still lacking in many organizations. And without organizational commitment to compliance, policies and procedures are merely documents.

M&A activity shows no signs of slowing in 2020 or in the years to come. To  keep pace confidently, organizations will have to prioritize cultural alignment and assessment and explore new ways to do that effectively.