Inadequate investment in compliance is now the biggest threat to a company’s bottom line. Simon Airey and Joshua Domb of law firm DLA Piper argue that time and resources devoted to compliance will pay dividends.
A pound doesn’t go as far as it used to and time seems to pass ever more quickly. Both statements have some substance to them but neither provides a good excuse in the witness box.
Inadequate investment in compliance is now the single biggest threat to a company’s bottom line and is the key risk that no board member can afford to ignore. According to a recent survey, barely a quarter of compliance officers feel that they have sufficient resources to do their job.
Even a few months ago, concerns about the burden and cost of compliance still f
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A number of recent reviews have concluded that greater scrutiny of the audit process is necessary, after a series of high-profile corporate failures. But what shape will any legislation take? And how will changes to the role of the audit committee affect the board as a whole?