Companies everywhere have faced unprecedented business disruptions over the last two years, but what lies ahead for compliance departments in 2022 should not come as any surprise. Well-known priority areas include a continued focus on business resilience and growth and greater attention paid to environmental, social, and governance (ESG) issues.
GRC software provider NAVEX Global held a webinar Tuesday discussing not only the top 10 risk and compliance trends for 2022 but also how compliance departments will have to adjust. The webinar featured contributions from various thought leaders in the compliance space.
DEI: Diversity, equity, and inclusion programs must be addressed. Many DEI programs still include vaguely stated goals, without any real specificity. They also tend to fall under human resources.
DEI is so much about culture and values that it only makes sense for ethics and compliance to play a role, said Kristy Grant-Hart, founder and chief executive of Spark Compliance Consulting. Grant-Hart cited a thought leadership piece by Patrice Palmer of the Colorado State University College of Business, who stressed the importance of DEI statement goals and being proactive about communicating them.
“Regular social media posts and persistent messaging on the corporate website are a good place to start,” Palmer wrote in a NAVEX e-Book.
Palmer also recommended analyzing the company’s strengths, weaknesses, opportunities, and threats to determine where to direct compliance...
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