- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
You want a really top-notch ethics and compliance program? Then create a values-based workplace culture and forget about all those check-the-box metrics. Jaclyn Jaeger reports.
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A new survey from Convercent and Compliance Week indicates that the top-performing compliance departments increasingly are starting to invest in technology solutions that support a data-driven program.
Leading compliance programs more often use technology tools than do their peers, according to the results of PwC’s annual State of Compliance study. These include data analysis tools, dashboards, continuous monitoring, data warehousing, data extraction tools, and a GRC solution.
Companies spend huge sums on audit, risk management, and compliance to alert them about potential legal issues before they escalate into serious corporate governance failings. There’s only one problem, however–they often misread their own early warning signs or ignore them altogether.
