How Can Business Leaders Measure the Effectiveness of Compliance Management?
Key Performance Indicators (KPIs): Establishing KPIs related to compliance, such as the number of audits completed, the number of compliance issues reported, and the time taken to resolve these issues. Internal Audits: Conducting regular internal audits to assess the effectiveness of the compliance program. Employee Feedback: Gathering feedback from employees to understand the challenges they face in adhering to compliance requirements and to identify areas for improvement.