The latest benchmarking report from NAVEX Global found half of respondents reporting that their companies have strong risk and compliance programs. But the survey also indicates that overconfidence could be shrouding potential weak points in compliance programs.
August 20, 2021 at 01:00 AM
4 minute read
The original version of this story was published on Corporate Counsel
Risk and compliance programs became more sophisticated last year, despite being deprived of adequate funding and staffing amid the COVID-19 pandemic.
The number of “mature and advanced” programs grew by nearly 30% year-over-year while “reactive and basic” programs shrunk by 35%, according to the latest annual risk and compliance benchmark report from NAVEX Global Inc.
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