What are the Roles and Responsibilities of Compliance Managers and Committee?

Having a board-level compliance committee is now a standard in most organizations. Based on the regulation framework, processes, and internal structure, the role of these entities differs.

Seven Elements of an Effective Compliance Program

With ever-evolving regulatory landscapes and frameworks, staying compliant is more of an ongoing effort today. Compliance programs keep an organization abreast with the changing regulations so as to avoid any legal implications. Therein lies the need, but compliance is a lot more than just following regulation and minimizing corporate misconduct. The very fabric of a compliance program is woven into daily business operations. It lays down principles and ethical standards, which influence the organization’s policies and continues in a loop, affecting risk management, oversight, monitoring, and corrective action.

How different is policy management from procedure management?

Policies and procedures are the underpinning elements by which an organization establishes its rules of conduct. Both serve to drive compliance, but do so through starkly different methods. One puts to paper the guidelines and rules that every organization expects its employees, and every other person connected to the company, to follow. The other, procedure, presents a step-by-step process for any company specific tasks and activities, thus establishing standards.

Ready to get Started?

Experience our Award-winning GRC platform!

Drive efficiency and value across your business with VComply’s user-friendly platform.
Product Enquiry
For any product enquiries, get in touch with a product specialist today!
Help Desk
Find your answers in our expansive knowledge base.
Start for Free
Ready to Ditch Spreadsheets Forever?
Since VComply is entirely configurable to match you internal/external policies and controls, we want to ensure you're set up correctly the first time.

Tell us a little about yourself below, so we can have a customer success rep reach out directly to get you onboarded.