Realising the value of compliance through greater effectiveness, efficiency and sustainability.
Organisations today are challenged to address diverse regulatory and business changes that put new demands on compliance. The pace of regulatory change, convergence in global regulation, and competition from new market entrants that is driving increased consumer and technology demands have created a complex environment for compliance leaders across all industries.
Many organisations now view compliance as an investment and not simply as a cost. These organisation realise that business and operational value can be derived by integrating compliance across the business and positioning it to contribute to business decisions and adapt to the changing business and regulatory environment. They are moving toward a transformation that allows the organisation to derive greater value from compliance through increased effectiveness, efficiency, and sustainability.
KPMG has developed a proprietary compliance risk management framework that consists of fundamental program components with governance and culture at the core. While many organisations understand the need to continually advance in their compliance journey, there are several actions compliance leaders can take immediately to move toward greater agility and proactive compliance management.
In taking these actions, compliance leaders will be positioned to strategically refine their compliance approach. This can move organisations toward a compliance transformation that helps them realise increased effectiveness and improved efficiency and sustainability.