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⚡️ How many times have compliance measures been reduced, inadvertently pushing operations to the edge Remember: True LEAN COMPLIANCE doesn't compromise your ability to meet obligations—it enhances it by

Cultivating at Work In compliance, we also see this principle at work. regulators, built genuine partnerships with business units, and developed the conditions for mission and compliance

Effective compliance (ex. quality, safety, environmental, and regulatory) requires that existing conditions are maintained, and that progress is made towards compliance goals (ex. zero defects, zero fatalities

4 types of obligations 4 compliance functions 4 purposes 4 measures

However, proposed regulatory regimes can add significant compliance burdens for organizations already

GRC is an acronym used to describe three functions: governance, risk, and compliance. A conservative estimate of the cost of compliance (excluding the other GRC functions) is 10% of a worker It is easy to imagine that If compliance continues on its present course, compliance will require: one person to ensure that compliance is met for every person doing the work. Clearly, this approach is not sustainable or desirable for compliance and neither for GRC as a whole.

What this means for compliance For compliance to improve its risk perception it needs to look through Obligations - this will help to see obstacles and opportunities associated with meeting obligations (Compliance risk registers but more importantly provide better measures to improve the probability of achieving compliance

What we learned was that for external obligations: most of the compliance resources are dedicated to external obligations, it was difficult for organizations to meet their obligations using traditional compliance ) was needed for organizations to make progress and realize the benefits from ESG along with other compliance This requires several things working together to produce the outcome of compliance: Better safety, security

Compliance leaders know that when it comes to risk there is more than one type of dragon to contend with Effective compliance is about handling uncertainty to decrease the probability of non-conformance as

years it became clear that their risk capabilities had not progressed as well as other aspects of their compliance goal for this new manager was to establish a consistent risk framework to be used across each of the compliance Managers of the compliance programs along with asset owners now believed that they no longer needed to Organizations that try to improve their compliance often start by breaking down silos consolidating effort If you have a department or manager who takes care of risk and compliance then you most likely have fallen

safe may be the very thing that is holding them back from making improvements and advancing overall compliance these same companies are being asked (regulated) to improve, to innovate, and to make progress on their compliance For compliance to be effective it is helpful to consider which culture is best across governance, program

previous blog post we considered the nature of environmental obligations from the perspective of their compliance Unfortunately, compliance for many organizations focuses mostly on external obligations associated with For compliance to be effective it must adapt to the changing landscape by expanding beyond mandatory Does compliance in your organization cover all your obligations?