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Programme and Regulatory Assessments

Compliance programmes need to be continually assessed for effectiveness, to ensure they are aligned to the business goals and up to date with changes in the regulatory environment.

Compliance programmes are never static; they should always be assessed and continually modified to ensure that they are effective. The measurement should also be documented and show either reduction in failures, improvement of revenue, or minimisation of costs due to failures. As one General Counsel once said, “It is like painting the Golden Gate Bridge: when you get to one end, you literally have to start back at the start again.” Many compliance teams are too close to their programmes, ignoring calls for improvement, not keeping up to date with regulatory changes, and simply lacking independent assessments and benchmarking to ensure the programme is working.

This service is useful if you:

have existing programmes but need them reviewed due to change in the regulatory or prosecution landscape
need additional resources to look critically at the programme and recommend improvements
want to involve external resources to advise on whether your programme is consistent with industry practice
have a programme in place but need an assessment because there has been a spike in compliance breaches.

Benefits:

External validation of your programmes
Additional resources to test programmes, leaving you to focus on implementation of new programmes and engagement with the business
Supports peer and industry benchmarking.

Case studies

A large global mining company sought our advice to assess its current anti-corruption compliance programme to determine whether it needed to be improved with the onset of the "adequate procedures" requirements in the UK Bribery Act.

A US-based global IT hardware company instructed our team to review its current anti-trust compliance programme as a result of other companies in its industry being subject to government investigations.