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Inside Experts: It’s time to grab the lowest-hanging fruit

Why risk assessments are the highest-impact, lowest-cost activity you’re not doing well

Every company assesses risk. This is not just a compliance issue. There are operational risks, competition risks and other risks that companies—from a business perspective—must control. The process is a familiar one.

But when it comes to compliance, I see too many programs overlooking the incredible benefits of a thorough risk assessment. Too often, compliance officers believe they know where their companies’ risks are or don’t see the value for the cost and ask for a “quick and dirty” risk assessment. 

Contributing Author

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Howard Sklar

Howard Sklar is senior corporate counsel at Recommind, Inc. Prior to joining Recommind, Howard headed anti-corruption and compliance programs at American Express and Hewlett-Packard. He...

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