Risk & Compliance Reducing Legal Spend
In this edition of Risk & Compliance Magazine, Mark Delgado, Mitratech’s General Manager of EMEA and APAC discusses how organizations can reduce their legal spend.
“Having a successful compliance program should be seen more as a positive business differentiator as well as as a reputation enhancer.”
R&C: In your opinion, what factors make the traditional compliance mindset held by organizations a potential liability – or at least a missed opportunity – in today’s risk environment?
Mark Delgado: Traditionally, professionals perceive complying with regulations and mitigating the risks of non-compliance as a distraction to running their business. However, organizations should really be integrating compliance initiatives into those already in place to meet their business objectives. Moreover, having a successful compliance program should be seen more as a positive business differentiator as well as as a reputation enhancer. Business are increasingly judged on their compliance record and they should make more of an effort to communicate their successes to their clients. And companies can use their culture of compliance message for more effectively in strategies designed to attract more clients………