- This question invites discussion about the fundamental elements necessary for a compliance program to function effectively, such as risk assessments, clear policies and procedures, training and education, monitoring and auditing, and mechanisms for reporting and responding to compliance issues. It also opens the possibility of discussing how these elements might vary based on industry, company size, and specific regulatory requirements.
2. **How can an organization measure the effectiveness of its compliance program, and what metrics or key performance indicators should be used?
