KPIs: The Key to Corporate Compliance
Corporate compliance functions increasingly need to take a more data-driven approach. Newly released U.S. Department of Justice (“DOJ”) guidance, “Evaluation of Corporate Compliance Programs,” focuses on the use of data and metrics to continuously improve compliance efforts.
Additionally, when communicating with the DOJ, the presentation of well-defined Key Performance Indicators (“KPIs”) can highlight how the company is managing potential risks.
Finance and operations groups have long used KPIs to review past performance, determine actions to be taken in furtherance of corporate goals, and benchmark results among industry peers.
In “KPIs: The Key to Corporate Compliance,” Steven Neuman explains why now is the time for enhanced compliance functions to monitor their efforts through the greater use of KPIs to detect and act on potential misconduct.
Read the full article from CFO Magazine.