Why directors should make compliance a strategic exercise
Compliance is no longer simply a question of rules, but of anticipating societal expectations and reflecting them in your corporate strategy.
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The challenges for boards of directors have never been so great. The trend is unlikely to be reversed in 2021—quite the contrary. Besides the fact that boards of directors have to handle a continuing crisis to find ways to avoid bankruptcy, they must also plan for the post-crisis period appearing at the horizon.
Identifying all the issues that arise at board level in 2021 would amount to an endless inventory exercise. But among them are expectations that the business world will take on a greater societal role, with clearer accountability and critical monitoring of its responsibilities.
Due to the crisis, digitalisation has taken on an
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