Tagged: compliance budget cuts

The Dangerous Compliance Threat – Budget Cuts to Compliance Programs

A fundamental requirement for an effective ethics and compliance program is that it is supported by “adequate resources.”  This does not mean a bare minimum requirement; nor is this requirement satisfied by flat-lining a compliance department’s annual budget.  Someone is not getting the message straight – a compliance program has to evolve – that does not mean that it has to suck up more resources...