Compliance: Protecting your Licence to Operate

Former US Deputy Attorney General Paul McNulty once said: ‘If you think compliance is expensive, try noncompliance!’ The impact of noncompliance has serious consequences that extend beyond Rands and cents. In a fast evolving legislative and governance landscape, many executives are faced with the challenge of setting up compliance divisions within their organisations. The increased demand for legal compliance within organisations has placed industry leaders in a position where they have to evolve and restructure their business strategies to focus more on ensuring compliance within a legislative framework. Compliance: Protecting your Licence to Operate presents a strong business case for the establishment of a compliance function within their organisation, with the aim of enabling an enterprisewide compliance management programme to protect their licence to operate.