5 Ways Your COI Process Is Creating Risk

Provided by Osprey Compliance Software2020-01-14T09:41:00+00:00

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How does your compliance campaign stack up? Does your compliance campaign monitor conflicts of interest? Research conducted with Fortune 500 companies found the following to be true:

The average cost of noncompliance in 2017 was $14.8 million per company.
The cost of noncompliance rose 45% between 2011 and 2017.
Noncompliance costs are 2.71 times more expensive than the cost of maintaining or meeting compliance requirements.

We’ve compiled a short guide on mitigating risk associated with conflicts of interest. We hope you enjoy.

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5 Ways COI
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Osprey Compliance SoftwareOsprey Compliance Software is the premier provider of industry-leading compliance software solutions that meet the needs of any industry. Their products can be configured to meet your unique requirements or those mandated by outside regulation. Regardless of the size of your enterprise, Osprey has a solution that scales from small to tens of thousands of users. Their total commitment to client success has earned them the highest customers satisfaction ratings in the industry.

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Compliance Week accepts outside contributions from corporate chief compliance officers and other senior-level GRC practitioners. To learn more, contact Editor in Chief Kyle Brasseur.

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5 Ways Your COI Process Is Creating Risk

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5 Ways COI

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Compliance Week accepts outside contributions from corporate chief compliance officers and other senior-level GRC practitioners. To learn more, contact Editor in Chief Kyle Brasseur.