Episode 368 — LRN Issues New Report Highlighting Growing Gap in Compliance Program Performance

In reporting on a survey of 1500 global ethics and compliance professionals, LRN reports on important trends and measurements.
This year’s key findings:
- High-impact programs regularly use benchmarking data, reporting data and leverage advanced tools, including data analytics and automation to manage compliance.
- Executives are perceived as more willing to make difficult decisions consistent with company values.
- High-impact programs regularly use misconduct trend analysis.
- Younger employees are more likely to view managers with skepticism concerning their commitment to fairness.
- High-impact programs are increasing focus on emerging risks such as third-party due diligence and supply chain compliance.
- The top challenges facing companies are the same as the year before: (1) outdated internal systems (64%); (2) complex regulatory environments (59%); (3) budget constraints (55%); (4) mergers and acquisitions pressures (52%) and (5) staff shortages (51%).