If compliance feels like a roadblock, it's time to flip the script. I had a live webinar last week about how to turn compliance into a growth driver. We have covered how to measure success, align with business goals and prove compliance's value as well as. smart resource management, big picture problems, and knowing when to take calculated risks. You will also get practical tips on prioritizing, tracking what matters and making the business case for compliance initiatives through ROI.

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Today's episode:

[01:40] Framework to help you understand how this year measures up in terms of impact, accomplishments, and helping your business.

[04:17] Why some compliance professionals have a resistance to numbers and money.

[06:40] Management is often more interested in growth, sales, revenues, or something other than just checking off the boxes.

[08:23] We're going to have a conversation about how to assess the results of your compliance function, risk function, or governance function in a more objective way.

[11:10] What really defines your success is your ability to make the right decisions at the right time and communicate that to stakeholders.

[13:32] Explain why getting what you need to do your job will be beneficial for the company. Communication and diplomacy.

[16:07] When I talk about compliance I mean things like risk, governance, and regulatory time.

[18:01] 1. Make sure you're using your time correctly.

[19:23] Examples of how to ask for money and resources. Explain how these additional resources will benefit the company.

[24:30] 2. Stop managing compliance as a cost center and view it as a revenue center.

[26:13] 3. The way we value information has changed. Position yourself as someone who will share information and make recommendations.

[32:58] Make the best decision you can for the company today based on your experience. How not being in on the final decision can empower you and take away fear.

[40:01] Compliance performance. Being busy doesn't mean results. Objectively decide by starting at point zero.

[42:05] Results are created by solving bigger problems.

[44:14] Don't prepare for future projects too early and complicate current decisions.

[47:44] How we can take more risks and solve bigger problems.

[49:09] Understand why this year was good or bad, and it will help you discover where to focus best.

[52:06] We want compliance to contribute to business growth with quantifiable metrics. How to set priorities and ROI.

[55:26] A framework to help you decide where to focus. The huge impact of compliance decisions around checks and automation.

[57:59] Linchpin redundancy is a bottleneck, because everything needs to be approved by someone.

[59:06] Every compliance metric needs to be linked to more customers, money, saving costs, saving time, or bringing efficiencies.

[01:00:39] A quick formula to link performance to the company's goals.

[01:08:43] Reasons not to worry about reputational impact.

[01:11:57] If you're wondering how to take this framework to the next level. I have a training program and an online certification available.

Show links:

Join my free workshop focused on building a successful year here!
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Fix This Next: Make the Vital Change That Will Level Up Your Business

195 - Live Webinar Recording: How to Assess Impact of Compliance Function