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The Hidden Value in Getting Compliance Right
Article

The Hidden Value in Getting Compliance Right



Editorial Rating

8

Qualities

  • Overview
  • Insider's Take

Recommendation

Companies have long understood the value of robust compliance. However, some CEOs are finding the growing volume, scope and complexity of regulation increasingly burdensome, and many are choosing to toe the line at the bare minimum. This upbeat perspective from consultants Andrew McPherson, Bob Pethick and Chris Kong sketches the new face of compliance, which harnesses its processes in the service of customers, employees and profits. Compliance officers and staff will find this a useful guide to a crucial corporate function.

Take-Aways

  • Good compliance practices can lead an organization successfully through uncertainty.
  • Compliance is a strategic and tactical corporate value.
  • Firms need to embrace five critical traits to lower the cost of compliance and increase its effectiveness.

About the Authors

Andrew McPherson and Chris Kong are partners at PricewaterhouseCoopers, where Bob Pethick is a principal.