Chief compliance officers recognize the importance of conducting robust audits of their compliance programs. The audit process requires a delicate balance between qualitative and quantitative measures. As corporate compliance programs build data analytics and technological capabilities, CCOs have to tailor the audit program to incorporate data as an effective measure of a compliance program. In this Episode, Michael Volkov reviews strategies for conducting compliance program...

Webinar: Measuring Your Compliance Program: Data and Analytics December 4, 2018, 12 Noon EST Sign Up HERE As companies’ ethics and compliance programs mature, chief compliance officers are focusing on important questions relating to compliance program performance, how to measure program performance and what types of data should be collected and analyzed. Join Michael Volkov, CEO of The Volkov Law Group, as he discusses best...

The nightmare scenario for corporate boards and senior executives revolves around the impact of a major data breach. We have seen this first hand with Equifax, Anthem Healthcare, and Target, as prime examples.  In the Equifax case alone, it is estimated that approximately 140 million individuals had their information hacked in the attack.  It is easy to understand, in these circumstances, that a company can...

Compliance professionals cannot do it alone. Of course, CCOs need compliance staff and the collaboration of business, human resources, legal, financial and audit, and related functions in order to succeed. I have made this point over and over (again and again). Along with human and functional resources, CCOs need to embrace technology and data analytics. I have written about the importance of technology to the...