Generational Equity Provides Insight on Middle Market Compliance Program Development

by Generational Equity

There have been many important and interrelated trends that have emerged over the past decade, as the American economy has gone from the heights of the tech boom that defined the “Roaring 90s” to the lows of the GM and Chrysler bankruptcy that are sure to define the end of the 00s.

In between these two economic landmarks, we have faced countless examples of fraud, incompetence, and malfeasance from the likes of Enron, WorldCom, Bernie Madoff and a litany of others. In response, the White House, the Department of Justice, and the SEC, among others, are all scrambling to bring corporate boardrooms and economic markets back into something that resembles a controlled equilibrium. As a result, new regulations and laws have come into being while regulations passed long ago, but considered relatively toothless before, are now being enforced with far more vigor and focus; one example is the FCPA.

The consequence of all of this is that the importance of corporate compliance has never been greater. There is an unavoidable onus on business executives to develop fundamentally sound compliance programs. In addition, for executives of companies with operations in multiple geographic locations, it is imperative that they also develop fundamentally sound strategies for compliance communication.

However, for many middle market companies that are just trying to keep their heads above water during the recession, funding such compliance initiatives can prove difficult. How, then, can middle market companies ensure that they cost-efficiently maximizing their spend when it comes to investing in compliance communication? This article outlines a few specific strategies.