To fully understand and manage risk, organizations must automate third-party risk management (TPRM) from onboarding and screening to due diligence, risk assessment and mitigation, monitoring, and offboarding. Starting today, the new Convercent by OneTrust Third-Party Risk Management Solution for Ethics and Compliance makes that possible, providing a way […]
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Here at The Compliance Report we like to talk about what’s going on in the world and share our little bit of insight and wisdom with you. But sometimes other people do such a good job sharing their own opinions […]
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“The most commonly reported information includes the number of employees trained, hotline statistics and an inventory of compliance risks. This information, while important, does not necessarily help the board and senior management to understand the impact of risks on the […]
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Compliance risk assessments are one of the first steps on the path to an effective risk-based compliance program, but it’s how you continue to manage and mitigate risk that truly determines if your program is successful. Kwamina Williford, Partner at […]
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Last week, Convercent hosted a webinar on one of compliance’s hottest topics: reporting. With the role of the compliance executive changing before our eyes and having greater access to the CEO and board of directors, reporting is more prevalent than […]
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“Compliance functions are still spending a disproportionate amount of time collecting data, versus time spent adding strategic value to the business through analyzing and trending the data collected.” —In Focus: 2015 Compliance Trends Survey from Compliance Week and Deloitte I’m […]
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Transitioning to a new helpline service provider can seem daunting, but with advanced planning it can be a seamless and successful process for your organization. What’s more is that you don’t need to go it alone. Your new service provider […]
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As a compliance practitioner, your goal is to design and oversee a program that’s comprehensive enough to mitigate risk, strong enough to address issues that occur (because they always can, and will) and robust enough to withstand scrutiny and foster […]
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“We have a enterprise risk management team. Where does their role end and ours begin?” That’s a common question as compliance teams mature their programs into risk-based approaches. The truth is, compliance risk management and enterprise risk management don’t live […]
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If you ask any compliance professional if internal retaliation against a whistleblower is allowed, you’d get a resounding “No!” But what if you ask a front line manager? Are you confident that they’d understand both that retaliation is never acceptable […]
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Anonymous hotlines are one of the most fundamental mainstays of corporate compliance programs. The annual In Focus: Compliance Trends Survey from Compliance Week and Deloitte has not only shown that the hotline is one of compliance function’s top three responsibilities, […]
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Over the past few months, Convercent hit the road to various cities including Atlanta, Boston and Chicago to bring together small groups of compliance executives for closed-door roundtables. The focus of these gatherings is to get a group of peers […]
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“A ‘check the box’ compliance approach of forms over substance is not enough to comply with the FCPA,” said Antonia Chion, Associate Director of the SEC’s Division of Enforcement. “Although BHP Billiton put some internal controls in place around its […]
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