In recent years, as companies navigate myriad new laws and regulations, including those relating to fraud and corruption, corporate compliance budgets have increased just to keep pace.
Notwithstanding this investment, we still see many examples of poor conduct, and both regulators and academics are increasingly looking at the role that culture plays.
As the compliance function takes on more responsibility and resources, it also becomes a more visible cost center, requiring CCOs to more effectively measure and defend the value they create for the organization.
Firms can create metrics that measure the effectiveness of their program and benchmark their results against competitors. By taking this approach, businesses may be able to transform what is typically seen as a burden into a source of competitive advantage.
StoneTurn’s Jonny Frank will participate in a panel discussion webinar, hosted by RANE, on Thursday, January 26 on benchmarking standards for enterprises. The panel will discuss ways to ensure effective, scalable, and cost-efficient processes for managing today’s complex risk with a focus on return on compliance investment for companies at the forefront of risk management.
For more information and to register, please visit: https://app.ranenetwork.com/events/
Jonny Frank, a Partner with StoneTurn, brings more than 40 years of public, private and education sector experience in forensic investigations, compliance and risk management. He joined StoneTurn in 2011 […]