Breaking Down Compliance Silos and Creating a More Centralized Compliance Program

Growing companies, particularly those expanding through mergers and acquisitions, face many challenges when trying to integrate and upgrade their anti-corruption programs.  A company may discover, for example, that various business units are approaching compliance in very different ways and have different levels of sophistication.  One way to address these issues is to move towards a more centralized compliance model, Bobby Kipp, compliance, ethics and risk management leader at PwC, explained during an interview with the Anti-Corruption Report.  Kipp recommends that companies consider a hybrid approach, centralizing some functions but allowing the businesses to be involved in implementation.  Kipp addressed the risks and benefits of using a hybrid approach and detailed the steps a company should take to break down compliance silos and create a hybrid system.  See “Creating a Values-Based Compliance Code and Recruiting Compliance Champions to Spread the Message” (Nov. 4, 2015).

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