Track

Compliance

DESCRIPTION

Meeting the requirements of regulatory agencies is no small task, particularly within the pharmaceutical, agricultural, financial, and utility-based industries. Ultimately, there is a tradeoff in the actions taken in regards to regulatory agencies: either be highly compliant, leading to great inefficiencies in operation or be less compliant and risk not only violating regulations but also making the company susceptible to lawsuits as a result of being out of compliance. Thus, the central challenge for firms concerning regulation consists of two components: firstly, it is of the utmost importance that a firm is able to correctly identify the full extent of the risk to which the company will be subjected if they choose to be non-compliant. Then subsequently, the company will be able to accurately identify the optimum balance of regulation versus efficiency.

SPECIFIC ISSUES AND KNOWLEDGE NEEDED TO MAKE DECISIONS

  • Agency regulations can differ across various global regions, which creates particular challenges for international firms that must be compliant in multiple areas.
  • What are the various possibilities through which to assess possible risk? 
  • Will regulatory decisions influence our strategic position? If so, what are the benefits, and what are the drawbacks?
  • What impact will changes in regulatory decisions have upon the organization as a whole?

About this track

(click to learn more)

I'm Interested

Want to know more about this track?

Share

Share on email
Share on linkedin
Share on twitter
Compliance concept - changing procedures to adhere to regulations laws standards - puzzle pieces

Here is how peer workshops work

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Match people

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Individual preparation

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Facilitated meet & discuss

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Peer extract

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.