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How two companies successfully merged their compliance functions

Jaclyn Jaeger | May 31, 2017

The regulatory and compliance obstacles that accompany a merger are challenging enough, but for compliance officers, one of the most difficult undertakings is merging different—and sometimes opposing—compliance structures.

Those are the very circumstances currently facing global multi-industrial company Johnson Controls and Tyco, a global fire and security provider, which merged in September 2016, creating a global business of more than 100,000 employees in over 100 countries. With the merger, these two companies create the new Johnson Controls International (JCI), a global building products and technology, integrated solutions, and energy storage provider.

The key question now is, “How do you take two strong compliance organizations, two different risk profiles, and make one strong compliance organization?” Beth Furamo, director of compliance at JCI, said during a recent panel at Compliance Week 2017.

Eight months following the merger, the new compliance... To get the full story, subscribe now.