Many organizations today are either required to have a compliance program or clearly understand the need to protect the organization and have proactively established a compliance function. This Corporate Live Wire article outlines the foundational critical components for developing a new compliance program or enhancing the effectiveness of an existing function.
Excerpt: Given the evolving industry and regulatory environment, the importance of an effective compliance program will be increasing. Organizations must be prepared to proactively manage as well as have the flexibility to quickly react to a rapidly changing risk and regulatory environment. As a result, the need for an effective compliance program will become increasingly important going forward.