Compliance Risk Management Best Practices

Welcome to "Compliance Risk Management Best Practices". In today's complex and rapidly changing business environment, effectively navigating the intricate web of regulations, ethical standards, and operational requirements is crucial for an organization's sustainability and success.

This course delves into the critical aspects of compliance risk management, providing you with the knowledge and strategies needed to protect your organization from potential legal penalties, financial losses, and severe reputational damage. We explore the definition and scope of compliance risk, its key drivers, and the tangible costs associated with non-compliance.

A core focus is placed on learning from real-world examples. The course examines several high-profile case studies, including:

• Wells Fargo and the consequences of misaligned incentives
• British Airways and data privacy failures (GDPR)
• GlaxoSmithKline (GSK) and global anti-bribery failures
• Volkswagen (Dieselgate) and environmental compliance fraud
• Meta (Facebook) and weak oversight of data use

These cases highlight recurring patterns in compliance breakdowns and underscore the importance of a strong ethical culture, robust controls, and proactive risk identification.

By studying these examples and best practices, you will gain valuable insights into anticipating risks, designing more resilient compliance systems, and fostering a culture of integrity throughout your organization. Effective compliance risk management is not just about avoiding penalties; it is about enabling ethical, sustainable growth and creating long-term value.