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Compliance Benchmarking Reviews

Knowing where you are at compared to your competitors is powerful knowledge.

In order to show how valuable your compliance programmes are, it is essential to be able to show how you are tracking against your competitors and industry peers. The Red Flag Group's compliance benchmarking reviews enable clients to instruct us on a limited or more general basis to review and compare your programme against the industry or peer companies. Either as a blind or open review, we are able to give you the analysis on either broad or more specific aspects of your programme.

This service is useful if you:

are unsure how well you stack up against the industry or your competitors
need more information on how your competitors are handling a compliance issue
need evidence to prove to the business that your company is behind the curve, and you need to step up certain compliance initiatives
want to show that your industry has tackled a compliance risk effectively.

Benefits:

Independent analysis from compliance experts
Allows for benchmarking without alerting your peers or industry
Supports benchmarking in multiple countries
Improves ability to justify budgets and increases in compliance investments.

Case study

A large healthcare company instructed our firm to advise on its anti-bribery due diligence programme, and to consider whether they were within the general range of the industry and their competitors. The result was used to validate their existing practices and to provide guidance on where their particular industry was heading with due diligence.