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Compliance lessons from the World Series

Tom Fox | November 3, 2017

The 2017 World Series is in the books, and the Houston Astros brought home the trophy for the first time in the franchise’s history. As a native Houstonian, The Man From FCPA could not be prouder. The series was magical yet gave us many compliance lessons to consider going forward.

A key lesson the role of data analytics in baseball and in compliance. The clear conclusion is that data is a tool which every compliance practitioner needs to use but it is only a tool. Even if data analytics can see patterns in raked leaves, it still takes a compliance professional to understand not only what that means but to put the information to use, whether it be actionable or requiring more of a deep dive investigation.

A second lesson was on the use of strategic risk. The teams used the risk management process of forecasting, risk assessment, and risk management as a way to retool the focus of their teams and we considered how you could do so in the context of your compliance... To get the full story, subscribe now.