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An increase in the scope and geographical reach of ethical and compliance risk in recent years means organisations must now be better prepared than ever before to not only understand their exposure to compliance risk, but take forthright action to mediate its effects.
Senior executives and boards have therefore been quick to recognise that failing to keep up with the pace and scale of change in the regulatory and ethical compliance landscape could cause them to fall behind their competition or, even worse, expose them to increased regulatory and reputational scrutiny.
At PwC, we believe that integrated compliance capabilities must now play a role in breaking down silos and helping companies to develop proactive and holistic compliance policy frameworks. These actions ensure a more effective, efficient and sustainable compliance model, helping organisations to understand and address their compliance risks both today and in the future.