How to Avoid the Top Four Most Common Corporate Compliance Mistakes

Though your intentions regarding corporate compliance may be laudable, you are still at risk of non-compliance if you make any of the following common mistakes:

1. Not recognizing that compliance is a corporate-wide responsibility. Of course, you can assign compliance oversight to a single leader, but each and every employee is ultimately accountable.


2. Not providing adequate resources. Funds should be sufficient to cover corporate compliance training for managers, to confirm application of compliance practices and to monitor effectiveness.


3. Not coordinating across the corporation. Ensure that compliance is understood and practiced to the same standards throughout the company in terms and practices that make solid business sense.


4. Lack of continuous improvement. Corporate executives should not ever get complacent about compliance. It is critical to keep up with changing laws, shifting conditions and improved compliance training delivery methods.

Learn from others’ mistakes and keep your company record free of compliance issues.