Elevating board reporting: Putting purpose at the heart of the compliance story
Abstract
Legal and regulatory expectations on board reporting are evolving, and reporting on compliance matters needs to keep up. In an environment increasingly defined by cross-risk contagion, regulatory scope creep and fast-moving threats, data, insights and narratives need to blend together to tell a compelling and faithful compliance story while also informing proactive and strategic risk decisions. This paper explains why a strategic and purposeful approach to compliance reporting, building on board needs and governance first principles, is essential. It explores what this looks like and how to balance competing interests, offering takeaways for the modern practitioner and shaping expectations for board audiences. This article is also included in The Business & Management Collection which can be accessed at https://hstalks.com/business/.
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Author's Biography
Natalie McManus-Barnett is a former compliance chief of staff for a global bank and the founder of the compliance and ethics thought leadership institute, Innovate Compliance. Natalie is a fellow of the International Compliance Association and the Association of Chartered Certified Accountants, with specialist qualifications in sustainability accounting, degrees in law, accounting and politics, philosophy and economics, and a graduate of the University of Oxford. Natalie specialises in the build of compliance risk frameworks, datadriven nonfinancial risk management, emerging risk management, sustainability and compliance innovation and is currently working with partners in the aviation industry on enhancing compliance risk management.
