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How to Make Better Compliance Investments?

Writer's picture: Raimund LaquaRaimund Laqua

When it comes to meeting obligations, many view compliance as silos, not interconnected programs that ensure mission success. They only benefit from the sum of their compliance efforts.


Portfolio of Compliance Programs
Portfolio of Compliance Programs

However, those who view compliance as interconnected programs will experience the product of their interactions. They will experience the benefit from a multiplication of their compliance efforts.


To achieve this, management must make budget decisions considering programs as a whole, not separately; as an investment portfolio, not individual cost centres.


However, organizations often lack the tools to make such decisions. They don’t know how to invest in their programs to maximize compliance return.


These are the kinds of questions we explore in our weekly Elevate Compliance Huddles.


Consider becoming a Lean Compliance member and join other organizations where mission success requires compliance success.


 
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