LogicGate’s Post

Holistic GRC is not marketing jargon - it's the most effective approach to a strong and comprehensive GRC program for an organization. I go into detail about exactly why in my new Society of Corporate Compliance and Ethics (SCCE) feature. https://lnkd.in/gqzzmwRD

🚨 Big changes are happening in the world of compliance! At the 2024 SCCE Institute, the DOJ announced significant updates to the Evaluation of Corporate Compliance Programs (ECCP) that has everyone talking. Risk assessment, compliance autonomy, and tailored training are front and center. How are you aligning your program with the new guidance? Dive into the best strategies to work smarter—not harder—in our latest blog. https://hubs.ly/Q02RkCxT0 #Compliance #DOJ #ECCP #CorporateCompliance #LearningInnovation

Interesting insights from a 2024 KPMG Compliance Survey: stepping up to a new level of compliance! A comprehensive study how to navigate the evolving compliance landscape. 🌐 👉 https://lnkd.in/eH3XbwNr 📌 Key Points: ▶ The compliance landscape is evolving rapidly, with 61% of organisations experiencing an increase in regulatory enforcement actions. ▶ To adapt, organisations must integrate technology, data analytics, and risk management strategies into their compliance programs. ▶ Compliance officers play a crucial role in driving cultural change within organisations, with 87% believing they have the skills to do so. ▶ Key steps to elevate compliance: enhancing risk assessment processes (71%), leveraging data analytics (69%), fostering a compliance culture (63%). ▶ Importance of compliance: 83% stating it's a top priority for the board. #KPMG #SpeakUp #Ethics #Compliance #RiskManagement #DataAnalytics

Compliance programs are essential for companies to adhere to legal and ethical standards. In the digital age, data-driven compliance programs are crucial for managing compliance risks. Collaboration and formal risk assessments are key to establishing robust compliance programs, with data analytics and AI expected to become even more significant. 🤔 What are the three takeaways from Day 28 of 31 Days to a One Month to a More Effective Compliance Program? 🎧Tune in here: https://bit.ly/492IbYg to find out. #Compliance

Today we launched new enhancements to our award-winning Catalyst platform that make compliance-related risk management and board reporting easier than ever before. Within Catalyst Reveal, LRN’s market-leading compliance data and benchmarking solution, users can now benefit from increased efficiency and effectiveness through new features that include proactive alerts and easy-to-produce, board-ready presentations and reporting. More specifically, Catalyst Reveal users have access to: Proactive ‘alerting’ that allows customizable, real-time notifications that empower users to stay ahead of compliance risks. The alerts can be calibrated against specific KPIs or compliance metrics in order to monitor what matters most to the organization and will help ensure timely interventions and proactive risk mitigation. ‘Board-ready presentations’ that enables the quick and easy export of compliance data into visually appealing and concise presentations. With a single click, ethics and compliance data can swiftly be converted into executive-level insights. #BoardReports #Compliance #Analytics #Ethics #RiskManagement Take a look!

This article from Finance Silos provides guidance on how to plan an audit for addressing critical risk areas within your organization. It highlights the importance of conducting comprehensive audits to ensure resources are used efficiently and effectively. The document discusses the impact of the Sarbanes-Oxley Act following the Enron Scandal in 2001, emphasizing the need for stricter governance rules for public companies. The document outlines five critical risk areas to include in an audit plan: 1️⃣ Cybersecurity: Conducting audits to identify and address vulnerabilities in computer systems to prevent cyberattacks. 2️⃣ Culture and Ethics: Evaluating ethical practices within the organization, including areas such as digital ethics, succession planning, and discrimination prevention. 3️⃣ Data Privacy: Assessing data privacy practices to ensure compliance with regulations like GDPR and consumer consent management. 4️⃣ Data Governance: Reviewing the organization's data management policies and procedures to ensure data quality and security. 5️⃣ Third-Party Risk: Evaluating risks associated with third-party relationships, including background checks, risk management, contract clauses, and monitoring compliance. It is important to address critical risk areas in audit plans to enhance organizational governance, risk management, and compliance efforts. Book a consultation to discuss audit readiness today! https://lnkd.in/gJjmAYz9

Compliance programs are essential for companies to adhere to legal and ethical standards. In the digital age, data-driven compliance programs are crucial for managing compliance risks. Collaboration and formal risk assessments are key to establishing robust compliance programs, with data analytics and AI expected to become even more significant. 🤔 What are the three takeaways from Day 28 of 31 Days to a One Month to a More Effective Compliance Program? 🎧Tune in here: https://bit.ly/492IbYg to find out. #Compliance

Updates to the DOJ's Evaluation of Corporate Compliance Programs announced. In a world full of big data and large language models, I find the access to data portion the most interesting: "We have added questions about whether compliance personnel have adequate access to relevant data sources and the assets, resources, and technology that are available to compliance and risk management personnel. As part of this assessment, we will also consider whether companies are putting the same resources and technology into gathering and leveraging data for compliance purposes that they are using in their business." #antitrust #compliance https://lnkd.in/epfQajtF https://lnkd.in/e-rReHSC

Gartner's latest survey highlights the top priorities for legal, compliance, and privacy leaders in 2024, with a strong focus on enhancing their impact on company strategy, improving third-party risk management (TPRM), and aligning compliance programs with fast-evolving regulatory requirements. Autonomos.AI offers essential support in these areas through advanced AI-driven solutions. Our platforms enable comprehensive regulatory intelligence, providing real-time updates and insights to help compliance leaders stay ahead of regulatory changes. By leveraging machine learning and generative AI, we enhance TPRM processes, ensuring thorough risk assessments and streamlined compliance with environmental, sustainability, and human rights standards. Our tools also facilitate more effective compliance training tailored to specific employee needs, fostering a proactive compliance culture. By integrating Autonomos.AI's solutions, legal and compliance leaders can maximize their team's performance, influence senior leadership, and meet their strategic goals more efficiently, ultimately strengthening their enterprise's overall resilience and compliance posture. #regulatorycompliance #complianceposture #seniorleadership #strategicgoals #proactiveapproach #thirdpartyriskmanagement #regulatoryintelligence #realtimeinsights #machinelearning #genai