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The compliance department’s primary function is to ensure that the company complies with all applicable regulations, rules, and laws. Regardless of the industry—life science, energy and utilities, or financial services—this is a universal mandate.
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As someone who serves customers across many heavily regulated industries, I think I’ve got a unique perspective, and I’d like to share some of what I’ve learned in the hopes that it will help others in some small way.
One particularly useful tool I see used across all industries is what I call the “Circle of Compliance.” Before I explain this concept, let’s take a deeper look at the job of the compliance department.
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Comments
Good article indeed!
You have enlighten the importance of using PDCA approach for compliance in a unique and simple way.
Looking forward for your next article.
Regards:
M.Zeeshan Zaki
Part II is now available
If you want to read Part II of this series, you can view it here:
"Savvy Compliance Strategy Part II – Checking Compliance"
http://bit.ly/cgxG5U
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