The clearer the mandate of the compliance function, the more it can create value for the company.
GEOPOLITICS
If a company is equipped with crisis response plans, and with procedures for swift action in response to volatile developments in supply chains and sanctions, the company will prove more resilient during times of geopolitical tension.
ESG COMPLIANCE
Taking concerted action to mitigate risk of ESG regulation enforcement only works if the gaps between ESG expectations and the reality are significantly narrowed.
DIGITIZATION
Adequate operating models enable companies to meet future challenges and seize the opportunity to reduce the cost of compliance.
CYBERSECURITY
Insufficient investment in cybersecurity, resilience and testing, resulting in a failure to keep pace
with digitization or respond to escalating cyber threats, could have a significant impact on business performance and lead to an erosion of customer trust.
BUSINESS ETHICS
Consequent implementation of a defined ethical culture is the crucial step to establish a sustainable compliance awareness across the organization.
WORKFORCE
A strong workforce strategy, involving carefully considered recruitment, training, and retention, is essential in unleashing the potential for compliance as a competitive advantage.