Squaring the need for a single global ethics and compliance program with the diverse range of cultures around the world has never been an easy task for compliance officers. As corporations keep moving to a global nature, it’s not getting any easier.
To manage international compliance programs more effectively, many U.S. companies are taking a more sophisticated approach to their systems and staffing. And they are rethinking their approach to setting up a compliance shop on distant shores. The challenge is to build a system that, despite regulatory and cultural differences, can be applied across the organization, but also allows for flexibility and customization to fit local needs—all at a reasonable level of staffing and cost.
