WG Return on Compliance
Join our ECS Working Group that will address the question which continues to elude the compliance community after many years: Can one quantify the benefits of compliance? And if so, how best? The goal is to go beyond measuring the costs of non-compliance and probe into measuring the return of the investment on compliance. This Working Group will seek to deliver evidence of such return.
We accompany a research project carried out by HTW Chur (Christian Hauser) and IFZ Hochschule Luzern (Mirjam Durrer). The project is supported by several Swiss companies as practice partner. The Working Group supports the research with own ideas, professional inputs and critical questions. The researchers will update us regularly on their results. Every ECS Working Group member has thus the chance to influence the ongoing research.
The results will be an important argument for compliance managers in every company. The target is to give evidence to justify personnel and budgets for compliance departments.
This Working Group is open to ECS members, you may attend once a working group for free. We are looking for active members for the working group and the target is to start a dialogue on best practice procedures.
The group’s lead is Sandra Middel and Stefan Behringer.
Return on compliance follow up project- workshop on March 7, 2025
A recent Innosuisse project by the Lucerne University of Applied Sciences and Arts, Institut für Finanzdienstleistungen Zug IFZ, and the University of Applied Sciences of the Grisons successfully researched the levers of successful compliance. As one of the first empirical studies, it showed a positive relationship to corporate success.
Due to this project’s overwhelming success, the industry and research partners decided to deepen today’s discussion about how these success factors can be leveraged in practice to maximize compliance’s contribution to business success.
Today, we discussed the development of success-oriented CKPIs and how companies can ensure data quality for developing, measuring, and implementing CKPIs.
Here’s a sneak peek of some of today’s conclusions: Compliance overly focuses on “the right to operate” and misses opportunities to gain competitive advantage by strategically aligning it, integrating it into decision-making, and overcoming silo-based approaches. AI offers new possibilities to increase compliance effectiveness and efficiency and, in turn, corporate success.
What a fabulous deep-dive workshop on success-oriented compliance KPIs and the role of AI. Thank you to all the contributors today
Return on Compliance- Deep Dive workshop – June 4, 2024
Background
Because of the need of compliance officers to demonstrate the value of compliance a project was created and co-funded by Innosuisse. It involved the main implementation partner (the consulting firm BDO) and 5 implementation partners (4 companies from different sectors and the association “Ethics and Compliance Switzerland ECS”). Two universities of applied sciences were involved as research partners. The project lasted 35 months.
The three essential research question of Innosuisse project were:
- What factors contribute to effective and efficient corporate compliance?
- How can effective and efficient corporate compliance contribute to a company’s success?
- How can companies implement effective and efficient corporate compliance?
To answer the research questions, a mixed-methods research design was chosen, combining a qualitative cross-sectional field study with a quantitative cross-sectional multivariate analysis.
Methodology and key findings were explained to ECS in a workshop on June 4, 2024.