Why does a company need solid governance controls? One need only look at Facebooks stock market value loss in the wake of the social media giant’s recent scandal involving data privacy. In a typical corporation, a $50billion loss of value within a few days would undoubtedly lead to some major changes, and quickly. Zuckerberg seemed…
There are aspects of running a business that are viewed by most as necessary evils, but they can be turned into positives with a change in our viewpoint. Compliance falls into this category more often than not. The cost of compliance can be counted in money, time and resources, and these costs can be viewed…
Work Health and Safety procedures that are designed to comply with WHS regulations aren’t optional. If you have a conscience and care about the health and safety of your employees, then this article is for you.
Compliance problems can bring down a business almost as quickly and completely as the controlled demolition of a building, leaving nothing but rubble and destruction behind. This might sound overly dramatic, but it’s essentially true. Compliance regulations come from government, licensing organisations, industry associations, and other bodies which can directly control the way your business…
Regulatory compliance is an ever-growing and evolving landscape that must be navigated. It’s not optional. We don’t have the choice to stay in our own space and ignore what’s going on throughout that landscape, we have to keep moving through it.
As exporting begins to ramp up like never before in the wake of ChAFTA, the roles of transportation, freight, and logistics are updating their policies and implementing new procedures as matter of necessity. Incorporating and complying with all of the new sets of regulations involved with such a large opportunity will be challenging, meaning that risk management efforts in these areas need to be elevated as well.
The internet has created unprecedented global business opportunities over the last decade or so, giving small companies the ability to compete with big players in countries all over the world. While this revolution is historic on every level, the world is now looking at possibly an even greater development: the breaking down of trade barriers between countries, even those that may have been inaccessible before.
Compliance has become a huge industry, partly out of wanting to simply do good business, but mostly out of the necessity of complying with ever-increasing rules and regulations from governments and other regulatory agencies.
In response to the new demand, companies are now paying hefty salaries to compliance officers. As with all things, however, great rewards come only from great risks and responsibilities.
In this article we explain why Compliance Officers are earning higher salaries and why they are personally at risk for non-compliance.
The world’s most popular sport is facing a crisis of confidence, and not without good reason. What started as an investigation by the United States Department of Justice into bribery concerning broadcast rights, has become a full scale investigation of FIFA as a whole.
Swiss authorities began looking into bribery charges concerning the 2018 and 2022 World Cup bidding process within hours of the broadcasting scandal, and at least 14 officials and marketers for FIFA have already been indicted for corruption.
It’s not uncommon to hear groans and complaints whenever implementing compliance measures is discussed. In the minds of many, compliance is synonymous with burdensome regulations and, more importantly, unexpected and unwanted expenses. Thinking about something as daunting as PCI compliance, in particular, can be enough to send a teetotaler to the pub.