It's simple, companies that have compliance as a key component of their culture and have fully integrated compliance management into their business systems to reach business objectives, perform better. Their employees have a higher level of satisfaction, resulting in improved productivity and employee retention. Their reputation and brand perception is better, which results in better economic performance in the marketplace. Safety records improve, reducing both cost and risk.
Companies that do not adopt a compliance culture and ethical behaviour put themselves at risk. Organizations with poor reputations due to compliance issues will have a harder time recruiting and retaining the best team members and customers.
Read the Shifting Mindsets: Adopting A Compliance Journey White Paper to learn more.