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

LRN’s Program Effectiveness Report is an important annual event.  LRN consistently provides important trend, benchmarking and program measurements.  As an important leader in this area, LRN never pulls any punches.  This year’s report is nothing different.

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  • The top challenges facing companies are the same as the year before: (1) outdated internal systems (64%); (2) complex regulatory environments (59%); (3) budget constraints (55%); (4) mergers and acquisitions pressures (52%) and (5) staff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%).

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