The number and cost of federal, state and local regulations continues to rise, and the penalties and fines associated with violations can be a huge, uninsured burden on companies. Even without violations, the cost of complying is a significant expense.
This burden will grow, especially as globalization remains a high priority for companies. Instituting effective compliance programs takes time, energy and money, but it is a necessary governance tool if organizations are going to avoid millions of dollars in fines and a reputational hit.
Sponsor’s Information: Learn more about how Starr Financial Lines can help with your regulatory/compliance risks..