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5 Steps To Developing A Corporate Compliance Program

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When your business does commit misconduct or suffers some unfortunate incident (say, a cybersecurity breach), regulators will examine your compliance program to see whether the business was making a good-faith effort to avoid those events. Set up a mechanism for monitoring and auditing. Elements of a Strong Compliance Program.

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Choosing a Governance Risk and Compliance Tool: Constant Vigilance

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This allows you to strengthen cybersecurity, reduce uncertainty, cut costs, and improve business decision-making. Risk management refers to a holistic framework that allows the organization to identify, assess, control, and minimize all its risks: financial, reputational, regulatory, strategic, operational, transactional, and cybersecurity.