NAVEX Global Study Identifies Culture, Executive Support and Automation as Key Drivers of Risk & Compliance Program Performance
Summary
Not surprisingly, the majority of respondents indicated that regulatory requirements were the primary driver of program decisions and their approach to risk mitigation. The report clearly indicates that improvement, and ultimately trust in the organization and its leadership, is highly associated with prioritizing workplace culture, tone from the top and, importantly, R&C program automation. In a surprising finding, only two years after the #MeToo movement consumed the dialogue in boardrooms and compliance meetings, the topic has been generally deprioritized in R&C programs. While this does not indicate the issues central to the #MeToo movement have been solved, it does demonstrate that R&C programs frequently react to the changing priorities of stakeholders as current events unfold. We must also ensure our programs have the right focus and organizational support needed to succeed in building and maintaining that trust.” To learn more about the NAVEX Global’s 2020 Definitive Risk and Compliance Benchmark Report, join our webinar on Wednesday, July 22 at 10 a.m. PT/1 p.m.