A truly modernized compliance department not only manages vast amounts of data, but also leverages that data in a proactive way—watching the road ahead, driving insight, and teaming with the business and the board to more efficiently and effectively reduce risks. Global conglomerate 3M is one such company on that journey right now.

Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...