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Regulatory compliance is a risk that every business must manage.
Compliance risks arise across a range of diverse regulatory domains, from financial to environmental regulation. With publics and politicians demanding ever greater levels of safety, accountability and transparency from business, both the intensity and the scale of regulatory intervention is increasing, presenting considerable challenges to businesses and their managers.
This book will provide a short introduction to the key issues in managing compliance risk. Its key contention is that the management of compliance risk presents a rich opportunity for businesses to add value and continually improve their processes and outcomes - and that regulatory compliance need no longer be seen as simply a business-limiting cost-centre.
This book will use a range of practical examples from a number of industries to illustrate the most prominent and essential issues in regulatory compliance, and will draw on the most relevant academic research in the field. In doing so, the book will also identify a range of lessons drawn from the many parallels that exist between different industries and regulatory domains.