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Although the title emphasizes adherence to standards, the best compliance leaders also uncover ways to bolster strategic growth and mitigate risk to their respective firms and constituents. When this role is elevated to the executive suite, it underscores the importance of embedding compliance in the organizations strategic agenda.
Here is an excerpt from a profile of DiAnne Calabrisotto (Chief OperatingOfficer and Chief ComplianceOfficer, The Williams Capital Group, L.P.) written by Elizabeth Harrin (London) for The Glass Hammer, an online community designed for women executives in financial services, law and business.
Navigating the complexities of ACA compliance can be daunting for small businesses. However, with the right strategies and tools, you can effectively manage these responsibilities. Utilizing resources like [link] can simplify the process, ensuring you meet your compliance requirements efficiently and affordably.
Corporate complianceofficers already know that violation of anti-retaliation statues is an unjustifiable risk. A 2019 Hotline and Incident Management Benchmark Report states that only 1.18 Or worse, will management retaliate against whistleblowers? percent of internal reports were complaints about retaliation.
No enterprise exists in a vacuum – which is a good thing, especially if you harness the power of the ecosystem in which you operate. To do that, you need to embed key people, activators, in your organization… and then ensure their voices are heard.
But what about the ordinary engineers, managers, and employees who designed cars to cheat automotive pollution controls or set up bank accounts without customers’ permission? Take Wells Fargo as an example: Managers were rewarded for the number of accounts they opened and managed. Cross-cultural differences.
Business needs to play a more powerful role in supporting responsible practices throughout every aspect of their operations. Companies usually manage bribery and corruption risk through a mix of internal processes, certification requirements, and basic good practices throughout their operations — including with suppliers and vendors.
While the position is anchored in ensuring that day-to-day operations adhere to relevant laws and regulations, individuals in this role go beyond enforcing rules. N2Growths executive advisory work enables compliance experts to refine their approach, ensuring they operate as strategic partners rather than siloed specialists.
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