guest editor’s note Welcome; ƥŧǵЩǨхƁŧǵхȕƺǠƢƎưƁ Matt Kelly Guest Editor, Editor & CEO, Radical Compliance W
hen Corporate Compliance Insights asked me to be guest editor of õļĴţİĴļʴÕŕÕİÑõëõļ²ĆČ²ë²şõčÕʞČŘţİĴļİÕ²ËļõĔčŖ²ĴʞĔêËĔŁİĴÕʞļĔ feel honored. Then I was pleased, because this honor gives me the opportunity to put some of the tough questions about corporate compliance front and center. For example, why do so many compliance programs struggle? "ĔčʿļëÕļČÕŖİĔčëʣ ĔČĭĆõ²čËÕĔêţËÕİĴŖĔİăñ²İÑļĔÊŁõĆÑļñÕÊÕĴļ compliance programs they can. At the same time, we keep seeing one example after another of compliance program failures. Something breaks down between the program on paper , with the wonderfully crafted policies and the resoundingly rich tone at the top; and the program in practice ʞŖõļñİÕÑŤ²ëĴ ignored or controls overridden or violations undetected. Too often, that thing breaking down is a company’s internal controls. So that’s what I wanted to examine in this inaugural edition of the magazine. Our cover story unpacks the various types of internal controls a compliance ĭİĔëݲČČõëñļŁĴÕ²čÑñĔŖ²ËĔČĭĆõ²čËÕĔêţËÕİ˲čţëŁİÕĔŁļļñÕİõëñļ combination for maximum effectiveness, while a Q&A with a seasoned internal auditor offers some SOX insights and a top 10 list helps identify common internal controls pitfalls and how to avoid them (my personal fave is No. 6). In between, the magazine will also have other news, analysis, graphics and ČŁĆļõČÕÑõ²ëĔĔÑõÕĴļĔñÕĆĭËĔİĭĔݲļÕËĔČĭĆõ²čËÕĔêţËÕİĴŁčÑÕİĴļ²čÑŖñ²ļʿĴ ëĔõčëĔčõčĔŁİţÕĆѲčÑñĔŖļñÕŘ˲čÊŁõĆѲÊÕļļÕİËĔČĭĆõ²čËÕĭİĔëݲČʣ We hope you enjoy this issue — the team plans to bring you more throughout the year. Now let’s get to work. — Matt Kelly
8 | March 2024
Guest editor’s welcome
CCI Magazine
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