Risk & Compliance Matters

It’s times like these that we realize how meaningful our relationships are to our well-being and health. As the COVID-19 crisis continues, we must continue to rely on each other for strength and support. At NAVEX Global, and with this in mind, we keep the following guidance front and center as we navigate this trying time.

The United States’ top regulator of community banks has issued new guidance on how to approach third party relationships - and it’s a message all companies should hear. Lean why and how resilient businesses are reframing due diligence from a regulatory requirement into a strategic advantage.

A major challenge for organizations during the COVID-19 pandemic is issuing policy exceptions and updating policies. For Compliance, do you approve the exception, knowing full well that it will increase operational risk? You need nuanced guidance.

NAVEX Global’s Adam Billings shares common risk management challenges and the four keys organizations can use to overcome them and make risk meaningful to stakeholders, other departments, and beyond.

Risk has changed. The future lies in moving past a rigid structure and embracing a holistic view that broadens our perspective of risk while simplifying the approaches we take to managing it. This is how your organization can create a single, resilient architecture capable of managing people, regulatory and business risk.

The COVID-19 pandemic has challenged business in profound ways, impacting every industry, company and employee. That is why NAVEX Global is launching Stronger Together, a COVID-19 resource for risk and compliance professionals and the organizations they protect.

Though severe, COVID-19 isn’t the first public health threat the U.S. has faced. In this week’s Flashback Friday, compliance expert Mary Bennett, R Ph., offers insight and advice on how hospitals can and should leverage their policy management solutions during a time of crisis.

Social media not only provides channels for employees to talk; when paired with a brewing global state of distrust, it can lead to a culture of speaking out instead of speaking up. Learn key steps organizations can take to reduce the ethics and compliance risks, and increase the reputational benefits of social media.

The risk and compliance landscape is changing dramatically. As risk and the regulations developed to manage it increase, so too does the need for greater accountability. The result? Strained relationships between compliance and risk management teams.