Companies doing business across the globe today face an uphill battle when it comes to compliance. A new emphasis on individual prosecutions, as well as increased liability for the actions of third-parties, have further raised already high stakes for non-compliance. As regulators scrutinize business conduct against industry, sector, and various government agency standards, Toby Ralston explains why periodic and holistic risk assessments are a critical, central component to an effective compliance program.
In the October issue of SCCE’s Compliance & Ethics Professional magazine, Toby offers an in-depth primer on conducting assessments across four key areas of risk: Financial, Legal/Regulatory, Operational and Reputational. Read the full article here.