Since the early 1990s, some 125,000 new rules and regulations have piled up on American businesses, says Miles Everson, a partner with PwC Advisory. At the same time, the pace of change is accelerating, the operating environment is growing more complex, and the extreme transparency of alleged or real compliance transgressions is such that customers, employees, and shareholders are aware of problems more or less the moment they happen—or so it seems, at least.
It’s time for some basic principles, Everson says.
