The goal of a robust and effective compliance program is to prevent, detect, and address risk via corporate governance and ethical business practices. As company leaders and boards of directors are increasingly reporting, reputational damage is one of their greatest concerns.
However, most enterprises build and focus their compliance programs exclusively on meeting regulatory requirements.
So, what can a company do differently to safeguard itself from reputational risk?
Here we discuss steps you can take within your compliance program to help safeguard corporate reputation.