Making Compliance Easier

In an increasingly complex and regulated business landscape, the concept of compliance fatigue has emerged as a significant challenge faced by national and international companies across various industries. The mentioned challenge also pertains to operational fatigue resulting from the continuous regulatory demands of adhering to an ever-expanding array of rules, regulations, and protocols. For companies building their Compliance Management Systems based on business integrity principles to embed the ethical and responsible business practices into an organisation's strategy, cost of compliance only increases.

 

Based on my experience, I find that the application of 3 pillars of effective internal governance is crucial: 1. implementing risk based assessment, 2. applying a holistic approach when designing internal policies and 3. following common sense in the absence of guidelines. A proper compliance system is tailored to include adherence to legal regulations and ethical standards, jointly supporting a culture of transparency and accountability in all aspects of business operations.  

 

If this is a pressing concern for you that demands attention, I'm here to support your business in creating or transforming your governance framework to foster a healthy work environment, promote sustainable success, help build trust and maintain good relationships with regulators and stakeholders.