The Value Of ROI Assessments For Compliance

The quantifiable value of Sustainable Governance continues to manifest in all organizations where it is implemented.

Increasingly, businesses, investors and individual clients assess businesses based on corporate compliance and governance that promote reliable and sound business judgment and results.

Recently, the Global Impact Investing Network estimated $502 billion assets under management for impact investment. Through ROI assessments, compliance officers can proudly display their efforts to protect their company and address the growing market demand to work with, and invest in, companies with strong sustainable governance and work practices.

Simply put, an ROI assessment is the converse to a risk assessment mandated for AML/BSA, investment advisory, broker-dealer or any other annual regulatory internal control mandate. It quantifies the residual value that otherwise remains untracked outside of the Triple-Bottom Line Compliance paradigm.

Compliance officers can use their ROI assessments to calculate the value of early remediation of gaps that later lead to business wins because of successful prospective client reviews of privacy, data protection, information security or other governance protocols. ROI assessments give credit where credit is due, and strengthen the case for compliance as a competitive advantage.

Compliances does not only exist within companies to protect the markets. It also has quietly added value for years. Through ROI assessments, compliance officers can step out of the background and claim their value.

Beth Haddock is author of Triple Bottom-Line Compliance – How to Deliver Protection, Productivity and Impact, and advocates delivering sustainable compliance that increases brand protection, risk mitigation, productivity, and employee engagement.