Is your strategy in line with the regulatory environment and can it adapt when regulations change?
Organizations operate in an increasingly complex regulatory environment: there is more regulation, it is increasingly complex, and it is changing faster. One of the main results of these trends is uncertainty about scope and interpretation of existing rules, which makes taking informed decisions harder.
Additionally, stakeholders, and society focus more than ever on demanding that companies behave in line with regulations, or otherwise pay the price through increased regulatory focus and reputational damage.
Many organizations are responding to the combination of regulatory uncertainty and increased stakeholder expectations with a siloed approach that tends to be reactive rather than proactively managing the regulatory change.