For years we have been provided guidance through federal statue, such as the Sentencing Guidelines, as to the requirements for an effective compliance program. These commonly shared seven components (designated official, policies and procedures, training, open communication system, investigation, enforcement, audit and monitoring) remain true for today’s compliance professional. However, these components ignore the practical application of how to actually put these in place in order to build a repeatable and consistent program that embraces technological advancements that have developed over the past decade.
Connecting the dots between required activities, repeatable process and technology is at the heart of the new “Path to Compliance Obligation Management” released this week by OCEG, and sponsored by Complí. The environment that we as compliance professionals operate in today has become so complex that certain tools are required to help guide us in the day to day building of a process that we can embrace in our organizations which will allow us to better manage, distribute and report on all of our compliance activities.
The latest, from OCEG’s illustrated series, provides an easy to understand view of this massive challenge. As we all struggle to implement this process, tools such as this illustration provide tremendous guidance and support that we can all use. To download the illustration, Click Here,