About In Focus: Compliance Trends Survey 2014 “In Focus: Compliance Trends Survey 2014” is a joint report between Deloitte & Touche LLP and Compliance Week based on a survey of more than 200 senior-level executives, working in ethics, compliance, audit, risk management or corporate governance. They involve every stakeholder within the company's purview. Annually, someone came into your organization, reviewed a set of documents within a specific time frame, and gave you a score. <> Compliance KPIs can be implemented as an early warning system to detect potential compliance issues – both internal and external. If systems were unavailable when they should have been accessible, you might have a data accessibility issue that needs remediation. If some systems fail more often, you might have weaknesses that need remediation. System Availability: Divide the number of minutes that all your systems, available to everyone by the number of minutes. Developing Useful KPIs Sharon J. Zealey, founding member of NextGen Compliance LLC and former Global Chief Ethics & Compliance Officer of The Coca-Cola Company… recommends breaking down metrics into a few different categories: • Quantitative – numerical data such as training statistics • Qualitative – measures of effectiveness If it takes a long time to repair a problem, you might need to review staffing and resources. A small business owner establishes ethical principles … The Risk Trend and Risk Responsibility graphics provide easy-to-digest, color-coded visuals that provide management a view of the company’s current risk. You need to trust your third-party partners but also verify their controls independently. What assets are more critical to hackers? The Risk Trend and Risk Responsibility graphics provide easy-to-digest, color-coded visuals that provide management a view of the company’s current risk. What assets are most important to my business objectives? SaaS tools, like ZenGRC, speed the process of aggregating information. If your IT team is spending a lot of time on planned maintenance, you might need to look at the age of your infrastructure or consider whether particular vendor threats are putting you at risk. Different industries may require different KPIs. Ask yourself: Outside of the information security arena, cybersecurity performance seems intangible. 2016 Global Business Ethics Study. ?�}���_�_���u���bߡ��ϟ~W>��ߞ������z����ަ�1_��x�4��=g��ҟ�V���o|���4���s���_�����מzݏO��7�~���������u��?��O^��Sϯ��Z�_�3����>�/���������7����o����ӯ��w^����>�$�O�������y>e���������������_��?�����z~�������+㷿]?�������?��?�������K�����������߮�?��������|�_��?��_���������������o�o��Ϳ�G������������+�����η���x>D~1n�����|S�ϲ���i�yX{����~�=��� ��♋�^��y�-�m��uY{~��=����uY{^����i����=߷����������{Y{~Z{~>�=?����X{~�������X{�k�������|p0����ׇ僯�_��.�_�僯���������������ײ|�,|-�_����xY{�-|ݖ�ޖ�ޖ�ޖ��_�僯���ק���u���'�������|p0�����a����|������,\���|p�,\/�������|p-�ײ|p-��m��-\���m��z[>�ޖ�����X>��ק����������|pc>�1����|���|���|���|���|�,�/������e����|�~Y>x/��e��,�o�������|���c��m�`�6��I���i��I��I���i��Y֞۷1xڷAx����m���ܾ ��X{n���i�F�9~��?ExҷQx��*O�6 Compliance begins with the risk management process, and that process begins by determining your objectives. Organizations can leverage the OneTrust Ethics & Compliance solution to centralize and automate their ethics & compliance programs. To create appropriate compliance KPIs, you need to make sure that you’re thinking about the present but also looking to the future. Wolf has served as a member of the Board of Directors of Premier, Inc. since October 2013. ZenGRC simplifies the IT audit process, beginning with its risk assessment modules. The metrics for the compliance committee can be divided into the leading metrics (aligned with success factors) and lagging metrics (that help to validate the achieved results). Today, the rising costs and sophistication of data breaches mean information security compliance programs need to evolve to keep pace. Unfortunately, rising data breach costs mean that friendship and trust only go so far. Governance, risk and compliance KPIs help to measure the organisation’s governance in terms of risk, social responsibility, compliance, environmental responsibility and sustainability, on different levels. What types of risk (strategic, reputation, financial) does the information pose? Manage Legal and Ethical Issues Key Performance Measures (KPIs) Instilling an ethical work culture and ensuring compliance with laws, regulations and culturally based expectations are processes led by top-down management. Mean Time to Repair (MTTR): How many hours, on average, does it take to fix a problem and get you back to normal again? KPIs for Compliance Committee This committee ensures compliance with applicable laws and regulations, as well as compliance with the company’s internal policies. If not, has the company adequately disclosed, as required by regulation, why it has not adopted a code of ethics? 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