The Regulatory & Ethical compliance survey: an integrated compliance solution is the first in an annual series of surveys designed to gauge the challenges faced by compliance functions.
With the introduction of recent enhanced regulations, such as the UK Bribery Act 2010 and the rapid rise in enforcement actions of existing regulations, such as competition law and the US Foreign Corrupt Practices Act, combined with the challenge of dealing with a myriad regulations across a global footprint, the increased focus on acting in an ethical manner and the size of the fines imposed have propelled Regulatory & Ethical Compliance to the top of boardroom agendas.
The survey identified a number of interesting trends and challenges in the structure and operations of compliance functions, the organisations surveyed highlighted a real focus and appetite for change around the four areas outlined below:
The Regulatory & Ethical Compliance survey has been completed by over 50 organisations across the Energy & Resources, Manufacturing, Health & Life Sciences, Technology Media & Telecommunications and Consumer Business industries. The survey focuses on capturing the challenges facing Compliance Officers today as well identifying key trends for the future of compliance functions in an increasingly regulated environment