5 Essential Elements of a Global Compliance Program

http://ow.ly/9prz9

An article by Brian Cabrera posted on law.com on the LTN webpage.

This article discusses elements of a global compliance program and provides 5 tips that should be part of a program.

The article states, "For chief compliance officers, the challenge is how to implement policies, procedures and standards that, in spite of the regulatory complexities, are easily understood by, and transparent to, employees and stakeholders. These policies, procedures, and standards must be effective in enhancing compliance and detecting and mitigating enterprise risks. And at the end of the day, the compliance function should also add value to the proper sustainability and responsible growth of the company."

The 5 topics that the article discusses are as follows:

1. Effective Design: Straightforward and Transparent
2. Efficient Communications: More Partnering, Less Policing
3. Proactive Training: Relevant, Relatable, and Repeatable
4. Ongoing Monitoring and Reporting: Extending Your Reach
5. Effective Enforcement: Accountability and Transparency