In the era of globalization, the relevance and sustainability of businesses are increasingly getting challenged. Industry leaders in last decade don’t exist anymore and Unicorns ends up shutting shops in no time. The examples are plenty and we all know them.Creating a sustainable business needs a long term vision, commitment towards stakeholders, society and government. The business houses who believe in long term growth & sustainability embraces principals of Governance, Risk & Compliance (GRC) as a founding principal of existence.
Our Pedagogy - Compliance for a Cause
Contrary to the common perception of fear, penalties, crackdown and all other negativities associated with Compliance, at LexComply, our pedagogy is “Compliance for a cause” as we believe understanding and complying to laws of the land not only reduces your risk but also reflects your commitment to safeguard interests of your stakeholders. Compliance to various laws ensures:
A non-bias, safe & secure environment and equally opportunity to the employees
A safe, secure & quality product & services for the customer
A cleaner, safer air, water and environment for the society
A strong, risk free, global ready, alluring investment option for the investors
An organization with easy to manoeuvre during challenging & uncertain times
Compliance Officers in Board Room
The compliance surveys done globally clearly show that more and more Chief Compliance Officers (CCO) are securing their seats in Board Rooms. In a survey done by Deloitte, the numbers doubled up to 60% (2015) as compared to 31% (2014).
CCOs reports directly to either CEO or the board
say the CCO has a seat on the executive management committee
say the CCO job is a stand-alone position
say they regularly brief the board on the company’s overall ethics and culture
It clearly shows the board is recognizing the importance of CCO in business decisions and strategic direction. Amidst frequent changes, the compliance remains a hot topic of every discussion and so as the importance of using right tools to ensure the Board is aware of an overall picture and risks associated with non-compliance.
The trend clearly is in favour of Compliance Officers who takes charge and ownership of enterprise level risk and compliance and they surely have a seat in the boardroom.
Simple Seven Steps COMPLIANCE MANAGEMENT CYCLE uncomplicates a multitude of high-end CORPORATE GOVERNANCE TASKS and makes your organization COMPLIANT!