Under Control: Governance Across the Enterprise

9.6. Key Strategies to Manage Regulatory Compliance

Regulatory compliance is a major challenge for most organizations and has also become a significant function within these organizations, requiring them to establish a centralized compliance effort, perhaps organized under a Chief Compliance Officer. Many companies have moved past the "check the box" approach to compliance and are moving toward building comprehensive compliance frameworks to simplify and streamline their compliance processes across the enterprise. They have realized that an effective and efficient compliance framework can be a competitive advantage, and they view it as a way to help improve the way their business operates as a whole. See the example in this chapter, "Case: The ...