There is a growing necessity for businesses to implement compliance monitoring systems and many are struggling with the task of migrating from memory, paper and excel- based systems that are now inadequate.
A well maintained audit and compliance routine is paramount in any business when it comes to online/cyber security. Just because you’ve followed the protocols set in place, it doesn’t mean that you can fight the fight against a major cyber security attack. The compliance process needs to be a living and breathing entity, constantly curated and improved.
In this article we discuss the advantages of using programmed compliance in an agile process to guard against cyber attacks.
Checklists. We mostly use them to compile our grocery needs and make sure that we don’t arrive back at home having forgotten the milk or eggs. But checklists, as simple as they are, are some of the most powerful tools available to us, in business and in life.
Here we give the history, psychology, and practical reasons for using checklists in organisations.
There seems to be no common international understanding of what comprises “sport governance”, and that’s a big problem.
An issue can’t be dealt with unless it’s defined and understood. This is painfully obvious in the current discussion about governance in sport, highlighted by the ASADA investigation into the Essendon Football Club debacle concerning sport doping. But the problem certainly isn’t confined to football, and it may be more complex than just blaming players for wanting to “juice up” their performance, as we will see.
The recent food scares with imported berries and tuna have raised more than public fear and government scrutiny. They’ve once again raised the importance of – and apparent lack of – proper auditing procedures with many organisations around the globe.
In this article, we look at food safety and discuss the need for replacing current auditing and compliance systems, in order to safeguard public health.
Self-regulation, in most instances of business or government, is far from effective or consistent, let alone honest. Self-preservation is a powerful thing, and human nature dictates that we’re all going to make a mistake, at some point.
When that unfortunate incident happens, the best thing that can happen is to immediately address it and handle it. The longer it goes unaddressed, the more harm it will cause when it finally sees the light of day. Self-regulation, combined with a natural tendency towards self-preservation, is simply an invitation to corrupt practices or processes.
Technology is changing the way businesses, and the world, operates at an almost blinding speed, and for many companies the struggle to keep up with the constant changes demanded by new developments can be extremely burdensome.
A simple example in the case of customer-facing assets is the emergence of social media as a platform for sales, marketing and customer service. This requires a new skill set, as well as a reimagining of business policies and processes.
A lack of proper compliance standards and systems is always a problem for any business. That’s no great secret. Non-compliant players in a supply chain can cause lowered quality in products, confusion and/or mistrust from the consumer base, delays in inventory deliveries, and more.
While all of these are important and major issues that can – and do – negatively affect business results, none of them elicit the same level of concern and need for immediate action that another three-word issue can: food safety concerns.
This article warns about the business and health dangers than can arise from poor supply chain compliance standards.
Your supply chain is a huge part of, and more often than not a necessity to, your business. Unfortunately, it can also be a huge liability for your business if your suppliers aren’t vetted properly and if you don’t ensure compliance throughout your supply chain.
Thorough vendor risk management, then, must be a vital component of your compliance strategy.
This article explains ways in which retail compliance officers can reduce potential problems in their supply chain.
Any retail compliance officer, trying to maintain the integrity of an anti-bribery policy, is painfully aware of the issues involved with keeping both employees and suppliers alike compliant. As the company grows to have lots of stores or locations, this headache can quickly progress to a migraine.
The increasing amount of audits and reporting necessary can very easily become too cumbersome to manage, and if they happen to still be relying on an old paper-based system, they may start to think that another career might be simpler – like lion taming or nuclear physics.