Tagged: Metrics

The Danger of Benchmarking

As the Bible reminds us, “Beware of false prophets,” or in the compliance context, “Beware of false [measurements].”  Compliance professionals have an obsession with benchmarking their compliance programs.  Why are compliance officers so obsessed with such comparisons? Compliance is a function that, by definition, involves objective and subjective measurements.  In its simplest form, compliance success is measured by the absence of a negative occurrence.  Such...