From the course: Governance, Risk, and Compliance (GRC) Essentials by Pearson
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Building a compliance program
From the course: Governance, Risk, and Compliance (GRC) Essentials by Pearson
Building a compliance program
Welcome to this video on building a compliance program. In this session, we'll put it all together. We're going to explore how to design and implement an effective compliance program that aligns with the organizational's goals and regulatory requirements. As mentioned before, a strong compliance program serves as the backbone for managing risk risks and ensuring your organization adheres to legal, ethical, and operational standards. We'll break this process into clear, actionable steps covering how to define roles and responsibilities, establish those key processes, and integrate compliance into your organization's culture. Let's start off with a definition of the compliance program. As we said before, A compliance program is a set of internal policies, procedures, and practices designed to ensure that an organization adheres to all of its requirements. We spoke about some benefits, which include helping prevent costly fines and legal consequences, demonstrating ethical practices to…
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