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How compliance committees can lead to successful business

Sarah Waltman (sarah.waltman@domtar.com) is Senior Director of Talent Management at Domtar Paper Company in Fort Mill, South Carolina, USA.

Many executives struggle to achieve balance between managing staff and addressing business demands, and there is a constant competition for their time and energy. Concerns such as “fostering an ethical culture” or “building a culture of compliance” can seem secondary or even tertiary to other pressing priorities. As these concerns fall to the wayside, so does compliance training.

Although many companies look to their compliance officers and governing councils to bring compliance to the forefront, they too have endless responsibilities. From keeping up with the ever-changing industry standards, ensuring all employees are up to date on their compliance trainings, and overseeing cross-functional compliance and business ethics within the entire organization, it’s safe to say their plate is full. A solution is to establish compliance committees to ensure ethical behavior is met at every level of the organization. The success of these committees can not only lead to a culture of compliance, but it can increase employee engagement, safety, and organizational performance as well.

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