Imagine steering a ship where the compass and map aren't in sync. You know where you want to go, but aligning your direction with your destination is a challenge. That's often what it feels like when Governance, Risk, and Compliance (GRC) strategies operate separately from Ethics & Compliance (E&C) Learning programs. Risk and compliance teams now average 15 people and continue to grow. Yet, the drive to ...
In today's fast-evolving business landscape, the necessity for a comprehensive ethics, governance, risk, and compliance (GRC) strategy is undeniable. That's where a solid GRC glossary comes into play. As a decision-maker, whether you're a risk manager, compliance officer, or an IT security specialist—your grasp of Governance, Risk, and Compliance (GRC) terminology—whether weak or strong—can profoundly influence your organization's decision to invest in software and training ...
The pressures on compliance officers are mounting more and more each day. From the rapid rise of AI and its associated concerns—such as bias, privacy, and ethics—to the growing need for emotionally intelligent leadership, compliance officers are called upon to manage these risks. And to navigate crises with agility, empathy, and foresight. In honor of Compliance Officer Day—a holiday created by SAI360 to celebrate the critical ...
Compliance is about more than just following rules. It's about shaping the future of corporate integrity. In celebration of SAI360's National Compliance Officer Day, Tamara Ginciene, Founding Partner of Hinz Governance & Business Integrity, chatted with SAI360 to explore the transforming role of compliance. She says there’s a compliance evolution happening now. One that demands a new breed of compliance professionals who can adapt quickly and ...
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 ...
Diversity, equity, and inclusion (DE&I) is undergoing significant changes in the business world. In short, some renowned, large-scale companies are shifting gears to minimize or mitigate their DE&I initiatives. One large organization announced dropping the word "equity" from its DE&I strategy. Reports Axios, this intentional decision to focus on "Inclusion and Diversity" (I&D) rather than DE&I is both a strategic choice and a response to ...
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 ...
