More and more organizations, especially in highly regulated industries like Finance or Life Sciences, build specialized management disciplines in order to achieve compliance with legal regulations and maintain it. What does that mean for an organization? How do they address that topic? What is the "process of compliance management"?
Another question to add to that context would be how organizations measure the effectiveness of their compliance management? How do you measure the compliance of a business process with a standard?
Dear Mathias Kirchmer,
for adressing the compliance topic from an organisational point of view I recommend the "(Three) lines of defense model" from IIA (Institue of Internal Auditors). Taken this as a basis, you can structure the tasks, e.g. of a risk and compliance officer. For process and management issues refer to ISO 19600 (Compliance management Systems).
Regards
Michael
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