Centralized or Decentralized: Understanding compliance program strengths and weaknesses
Key Takeaways from this whitepaper:
- Strengths and weaknesses of centralized and decentralized compliance program models
- Increasing efficiencies within compliance programs
- Technology integration and the implementation of flexible workflows to optimize compliance programs
Different compliance models have their own strengths and weaknesses regarding control, consistency and understanding of local nuance. While decentralized compliance departments have regional teams that are closely attuned to their local compliance environments, centralized compliance departments tend to retain greater control and consistency over their processes. Though each model has its own weaknesses and strengths, with careful consideration and program structuring these weaknesses can be addressed and managed in a compliance department.
Our whitepaper is meant to guide you through the strengths and weaknesses of centralized and decentralized compliance models and how to improve programs operating on either model.
Please note that the whitepaper will only be sent to company email addresses of industry practitioners currently working in a multinational compliance department or related position.