In February, the Trump Administration suspended investigations under and enforcement of the FCPA. Many compliance professionals have since wondered what this will mean for corporate compliance programs. Hui Chen challenged compliance professionals with “it’s time to up your game.”
This podcast series, sponsored by Ethico and co-hosted with Ethico co-CEO Nick Gallo, hopes to meet Hui Chen’s challenge for compliance professionals. We will discuss how compliance professionals can ‘Up Their Game’ using currently existing Generative AI (GenAI) tools to dramatically improve compliance programs. As compliance professionals, it is critical to recognize that this moment is not merely about incremental improvements but elevating our profession to a new level of effectiveness, efficiency, and organizational value.
In today’s ‘Upping Your Game’ episode, Nick and Tom discuss the Holy Grail of Compliance. Embedding Compliance. We dive into the concept of embedded compliance, where compliance is integrated into everyday business operations using advanced technologies like AI. They discuss how embedding compliance can drive quality and efficiency, drawing parallels from manufacturing safety norms. The conversation includes a detailed examination of how AI can help compliance professionals by providing real-time insights and streamlining processes, thereby highlighting the importance of viewing compliance not as an isolated task but as an integral part of business operations. Use cases and practical examples, such as those from the private equity sector and companies like Uber, further illustrate the potential of this approach to enhance business performance and ROI. The episode concludes with a compelling argument for positioning compliance as a blueprint for better business, emphasizing the need for constant advocacy and application of innovative technologies.
Key highlights:
- Strategic and Operational Benefits
- The Compliance Professional’s Role in Embedded Compliance
- Lessons Learned
- Practical Takeaways
Resources:
Upping Your Game- How Compliance and Risk Management Move to 2030 and Beyond on Amazon.com
Nick Gallo on LinkedIn
Ethico Workshop on EV Workshop: Calculate, Track & Articulate Return on Integrity (ROI). For registration and Information, click here.
Tom Fox
