Compliance Leadership Redefined
FTI Strategic Communications partnered with Ethico to survey Chief Compliance Officers, heads of Ethics & Compliance functions and others in compliance leadership roles to learn what they identified as their biggest challenges and opportunities when navigating increasing scrutiny and higher expectations from enforcement agencies.
Insufficient resources, lack of internal buy-in for ethics and compliance priorities and growing pressure to demonstrate the value of compliance programs add up to a lack of empowerment that leaves compliance professionals struggling to create the culture of compliance that regulators, customers and employees demand.
Watch: Compliance Leadership Redefined webinar series: Part 1. Redefining E&C: The Data Behind 2023’s Most Difficult Challenges | Part 2. Solving Compliance Pain Points: Practical Applications of the Survey Data.
Compliance Leadership Redefined identifies four themes describing the specific obstacles compliance leaders face in managing optimal compliance programs. The data illuminates the magnitude of the disconnect within organizations about how to achieve corporate cultures that value ethics and compliance and offers insights into how to address critical gaps.
Compliance Professionals Are Not Properly Empowered
Explores the need to better integrate compliance professionals into business management.
Pressures to Demonstrate the Value of Compliance Programs Grow
Looks at available resources vs. expectations to prove return on investment of compliance programs.
Lack of Internal Buy-In Remains an Obstacle to Upholding a Culture of Compliance
Identifies the key cultural obstacles compliance professionals face.
Making Compliance an Integral Part of Organizational Culture
Discusses the support needed to run optimal compliance programs and enhance compliance culture.
For more information on this study, please contact Angie Gorman at [email protected].
About the Survey
FTI Consulting’s Strategic Communications segment and Ethico conducted a survey of 200 Chief Compliance Officers or those responsible for handling compliance for their organizations. The survey was conducted online between August 24, 2022, and January 12, 2023.
FTI Consulting is an independent global business advisory firm dedicated to helping organizations manage change, mitigate risk and resolve disputes: financial, legal, operational, political & regulatory, reputational and transactional. FTI Consulting professionals, located in all major business centers throughout the world, work closely with clients to anticipate, illuminate and overcome complex business challenges and opportunities. FTI Consulting supports clients in assessing, enhancing, implementing and measuring compliance programs and cultures through a number of bespoke approaches and proprietary tools.
Ethico was founded in 1997 to meet the demand for ethical issue intake, specializing in the high standards of the Healthcare Industry. Based in Charlotte, North Carolina, Ethico serves over eight-million employees in over one-hundred countries worldwide. Ethico empowers leaders who care to manage risk, improve communication, reinforce culture, and establish ethical work environments.
The views expressed in this article are those of the author(s) and not necessarily the views of FTI Consulting, its management, its subsidiaries, its affiliates, or its other professionals.
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