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Volume 32, Issue 2

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Monday, 01 April 2019 14:58

How Compliance Can Empower the Business to Manage Risk

Compliance professionals still “own” too many risks that business units could manage more effectively. Gartner’s Brian Lee discusses one solution: moving ownership of compliance risks closer to their sources.

It’s a time of enormous change for organizations of every type. Gartner’s 2018 survey of CEOs shows that CEOs, who have been focused on growth for years, are now prioritizing firm plans to deliver it — plans that involve IT-related transformation and new corporate structures and cultures.

Over half the CEOs say their organizations are actively engaged in strategic digital transformation efforts. This development has greatly expanded the list of responsibilities (which often require technical expertise) for compliance professionals at a time when there is a notable talent shortage in key areas.