In recent times, most businesses have invested heavily in strong governance, risk management and compliance assurance. However, they continue to be subjected to immense pressure from their customers, shareholders and employees to strengthen accountability, demonstrate ethical practices and to face legislation change head-on.
Whatever your sector, your business is required to comply with a growing assortment of legislation, industry regulation and best practice. Failure to do so could result in fines, penalties and litigation.
However, many businesses have yet to establish a governance model that ensures they identify, understand and remain compliant to all legislative and regulatory obligations. On top of this, they often lack the visibility and control that could enable change from a costly obligation to a tool that helps realize their organizational goals.
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