Fairwords Weekly: Measuring the Value of Your Compliance Program
September 8, 2022
“The ROI of Compliance is demonstrating the value of compliance by leveraging metrics, adding efficiencies, searching for better processes, and building tangible programs to mitigate risk to give back to the organization.”
— Lynn Haaland, Senior Vice President, PepsiCo Deputy General Counsel, Global Chief Compliance and Ethics Officer, and Chief Counsel, Cybersecurity at PepsiCo
Organizations must design compliance programs to do more than ensure regulations only ‘check the box.’ Instead, compliance and ethics programs should be strategic and add value to your organization with a positive ROI. Proving the value of your compliance program requires tracking and measurement. But what should you track, and how can it be done? This week, we explore the importance and considerations of measuring the value of your compliance program.