DOWNLOAD HERE In this whitepaper, we discuss: • Who is affected • Risk analysis deep dive, types and procedures • Challenges faced with complex supply chains • Turning prioritization into prevention
The European Union's AI Act (EU AI Act), effective starting August 1, 2024, represents a comprehensive regulatory framework aimed at managing artificial intelligence applications based on their associated risks. This landmark regulation introduces a tiered system. One that classifies AI systems into the following risk categories (each tied to distinct compliance requirements): Low/no-risk Limited risk High-risk Why was the EU AI Act created? To foster ...
Regulatory compliance issues in 2024 are undergoing significant shifts, with new laws and standards being introduced worldwide. In the meantime, the European Union is rolling out stricter data privacy regulations, impacting companies across sectors. Additionally, several countries are tightening anti-corruption laws in response to recent bribery scandals involving multinational corporations. In addition, the EU AI Act came into effect in August of 2024. Staying informed about these ...
This summer, climate change has dominated the media headlines. Unprecedented heatwaves have swept across the globe, affecting millions and highlighting the urgent need for businesses to adapt to this new climate reality. A quick snapshot? In India, temperatures soared to 47°C/116°F, disrupting the world's largest democratic elections and affecting voter turnout. Meanwhile, Canada is battling its most destructive wildfire season, with fires fueled by prolonged ...
How well-equipped is your compliance program to handle the unpredictable shifts in the healthcare landscape? To help answer this pressing question, Richard Kusserow, CEO of Strategic Management Services, and former DHHS Inspector General recently shared results of a 2024 benchmark survey about the current state of healthcare compliance programs. This annual survey provides valuable insights into the challenges and trends shaping the compliance landscape. Challenges Facing ...
Several significant regulatory developments have emerged globally that businesses must be aware of. Ongoing regulatory changes only highlight the importance of staying informed and adapting to new compliance requirements to ensure business resilience and ethical operations in a rapidly evolving landscape. Here are five key regulations to know: FCA’s Consumer Duty for Closed Products and Services The UK Financial Conduct Authority (FCA) Consumer Duty, which ...
Agility. Adaptability. And the relentless pursuit of excellence. These are the keys to business survival in today's corporate jungle. One secret weapon that often flies under many organizations’ radars? Combined ethics, governance, risk, and compliance (GRC) and Learning initiatives. In an era where regulations are tightening their grip and risks lurk around every corner, having a solid Governance, Risk, Compliance (GRC) strategy is non-negotiable. But what ...
As businesses navigate an increasingly complex regulatory landscape, integration of Governance, Risk, and Compliance (GRC) with comprehensive Learning programs has emerged as a vital strategy. This unified approach has two key benefits. First, it ensures adherence to regulatory requirements. Second, it fosters an ethical corporate culture that enables teams to better adapt to evolving challenges in real time. By combining GRC efforts with continuous ...
SAI360's GRC Benchmark Report, conducted in collaboration with The Hague University of Applied Sciences, Peter Konings of Johnson Controls, and Thought Leader Global, shed light on the adoption of technology in compliance functions across various industries. 5 Benchmark Report Revelations Data mining is the most widely used technology Internal Audit leads in data mining maturity 76% of firms use manual methods for KRIs Delays from manual ...
In this webinar hosted by OCEG, we discuss best practices for creating and executing a Request for Proposal (RFP) for Governance, Risk, and Compliance (GRC) software. This session brings together experts from GRC services and advisors, vendors, and client perspectives, ensuring a comprehensive coverage of the RFP process from all angles. We aim to equip you with the knowledge and practical tools needed to streamline ...
