Performance ● Governance ● Compliance (PGC)
Regulatory compliance practices are unusually broad, complex, and detailed. They encompass internal control management, and risk identification, assessment, and management. They also encompass enterprise requirements management, business rule / process lifecycle management, and a host of software change and configuration management disciplines. Regulatory compliance work disciplines are a component part of the larger process of compliance practices, and intimately linked to value creation, process improvement, and collaborative decision-making.
Regulatory compliance practices need to be institutionalized into the business environment so that employees can work collaboratively to address the top priority requirements of the business without being coaxed to do so. This is how we can ingrain leadership and business excellence understanding.