No matter what industry your organization is in, corporate compliance is an essential part of operations.
Simply put, corporate compliance is the process of making sure your company and employees follow the regulations, laws, standards, and ethical practices that apply to your organization.
Effective corporate compliance will cover both internal policies and procedures and ensure adherence to national and international laws. Enforcing compliance incorporate policy will help your company prevent and detect violations of rules. This can save your organization from fines and lawsuits.
Corporate compliance can also benefit a company internally regarding employee behavior. Having compliance rules and procedures lays out expectations for employees, helping your staff stay focused on your organization’s broader goals, and helping operations run smoothly.
This process should be ongoing. Most organizations establish a corporate compliance program to help govern policies and compliance.
Corporate Compliance Programs help organizations maintain compliance in all areas of operation, from IT and Security Risk, Enterprise Risk, Vendor Management, Audit Mgt, Legal, Business Resiliency and Data Governance. Many organizations or even business units within companies have sourced point solutions to address one specific area of compliance. Where this tends to fall down is where controls for that compliance standard are static or fall outside of that business unit, e.g. a legal department may have rules around how they retain data, but without appropriate controls in place, the legal compliance owner may never be aware that IT personnel/contractors can also see that data.
Changes in compliance requirements or legislation is also another area where static compliance programs can falter or be very time-consuming. Having agile platforms with appropriate control points means that a simple automated configuration check on a firewall can move an organization's security compliance posture from Green to Amber/Red. Key vendor relationships also pose a threat to organizations; understanding key personnel, key systems, and the changes to both can impact adhering to our compliance requirements.
Our relationships with and understanding of, Subject Matter Experts and Vendors allow Ergo work with our customers to align appropriate resources to an organization’s compliance efforts. In many cases, platforms can provide additional visibility where none or very little was available previously to allow organizations to make informed decisions around their adherence to compliance.
In others, organizations want to put enterprise controls around their people, process and technologies to have an enterprise view of their risk and compliance needs. Ergo can bring these along with the expertise to ensure each Compliance requirement is met with appropriate controls to address. Areas of Compliance where we can assist (not-exhaustive)PCI DSS, HIPPA, GDPR, FDA, NIST and many more.
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