HCAF: Compliance: The Companion You Never Realized You Had (SN, OT, ST - 1.5 ACCT - 1.5 TB)

In this post-pandemic world, we can assume that regulatory agencies will continue, and indeed increase, the execution of their broad and ambitious agendas. We can expect increases in the frequency, intensity, and scope of supervision, enforcement, and investigations under both old and new regulations. At the same time, as our organizations struggle to grow and thrive in this environment, the need to be creative and innovative grows more urgent every day. While creativity and innovation are admirable qualities in any organization, they can be risky. Managing that risk is much easier with guidance from and collaboration with a well-appointed and active compliance department. Compliance is not just about regulatory and policy enforcement or stifling creativity and innovation. It is about connecting positively with our employees to stabilize their complex and changeable environment and help them move forward with positivity and optimism. It matches creativity and innovation with responsibility and accountability. Achieving this balance requires developing a strong ethics and compliance culture based on trust, transparency, and consistency. This presentation relates how one compliance team attempted to achieve this balance and offers ideas on how compliance is the companion you never realized you had.