HONG KONG - Tuesday, March 19th 2013 [ME NewsWire]
(BUSINESS WIRE)-- The latest issue of Compliance Insider®, a publication for Chief Compliance Officers published by The Red Flag Group, looks at solutions to common challenges faced by global companies in the development of a compliance framework.
As legal and regulatory requirements increase, so does the importance of a robust, sustainable compliance framework. Senior compliance executives understand the need to align their efforts with a company’s strategic vision and goals to effectively support business growth, but this is often easier said than done.
Effective compliance frameworks that provide comprehensive protection from risk and stand up to regulatory scrutiny have common attributes including:
A clear focus on a company’s real risk, achieved by conducting a thorough risk assessment
Mechanisms for the efficient remediation of potential issues as soon as th
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