Happy Compliance Officer Day. Over the last several decades, the role of compliance officer has transitioned from being a helpful addition to a crucial necessity. U.S. corporations first began establishing compliance programs in the 1970s and 1980s due to legislative incentives like the Occupational Safety and Health Act. The 1990s saw the role of compliance officers gain prominence due to high-profile corporate scandals, leading to ...
Risk management is at the heart of Governance, Risk, and Compliance (GRC). In our rapidly changing business world, GRC principles are more crucial than ever. They act as the bedrock for regulatory compliance, information security, and third-party relationships, ensuring businesses navigate the complexities and uncertainties of the modern era. On that note, below we offer a summary of SAI360’s webinar, The ABCs of GRC Software: Where to ...
In today's digital age, three things are impossible to avoid: death, taxes, and data breaches. Organizations face the complexities of incident management strategies daily, and addressing these three certainties remains a key operational imperative. On that note, in the webinar Death, Taxes, and Data Breaches, Kelvin Dickenson, SAI360’s Senior Vice President and General Manager of GRC, Greg Sikes, Vice President of Product at RadarFirst, and ...
As regulatory oversight has grown globally, so too have expectations of corporate boards, making board training for risk management so essential. In recent years, discussions have centered on the responsibility of board members to ensure their organizations have a strong risk management framework in place. For example, a proposed update to the UK Corporate Governance Code would require a company’s board to include in their ...
Conflicts of Interest (COI) can happen at any level in a company. Sometimes, it is tricky to spot them in real-life situations. But if COI incidents go unaddressed, it can create distrust and impact organizational performance and stakeholder confidence. It is critical companies follow ethical rules and laws. Yet, conducting annual COI campaigns is a complex process, involving the efficient collection of all responses received, ...
Conflicts of Interest (COI) can happen at any level in a company, making it essential to have effective strategies for managing conflicts of interest. But if COIs go unaddressed, they can harm trust, honesty, and impact organizational performance and stakeholder confidence. It is therefore critical that companies follow ethical rules and laws. Yet, conducting annual COI campaigns is a complex process, involving the efficient collection ...
As the world becomes more globalized, businesses must remain aware of what ethical risk management and compliance issues apply to their operations in different countries. They also must establish clear policies and procedures to prevent and address ethical risks. Says KPMG, the majority of Chief Compliance Officers (CCOs) expect the emphasis on compliance will grow due to the expanding demands and scrutiny of regulations, with ...
We are thrilled to commemorate the annual National Compliance Officer Day on September 26—a day SAI360 founded that is celebrated across the U.S. This observance underscores the significance of acknowledging the pivotal responsibilities undertaken by compliance officers in advancing transparency, upholding security, and influencing the ethos of enterprises. Compliance officers—first coming onto the scene in the 1990s and growing in popularity in the early 2000s and beyond—have transcended their ...
While national Compliance Officer Day is officially not until Sept. 26, as the creator of the holiday, SAI360 has decided to celebrate all month long. SAI360 created Compliance Officer Day in 2016 to celebrate the indispensable compliance officers who ensure their organizations run judiciously and safely. This observance underscores the pivotal responsibilities undertaken by compliance officers in advancing transparency, upholding security, and sustaining an ethical ...
Navigating the complex landscape of compliance officer responsibilities requires strategic acumen and a proactive approach. As the regulatory landscape transforms rapidly, compliance officers equip their teams with the tools, strategies, and learning solutions necessary to navigate change successfully. In the words of Richard Kusserow, CEO of Strategic Management Solutions, compliance officers are the subject matter experts who bear the responsibility and ownership of ongoing compliance ...
