What is Compliance?
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What is Compliance?
This course is part of Regulatory Compliance Specialization
Instructors: Andrew Kandel
57,296 already enrolled
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1,546 reviews
1,546 reviews
What you'll learn
Define compliance within an industry setting
Describe the ways in which compliance affects any industry, company, or organization
Identify the reasons industries, companies, and organizations should engage in compliance
Examine the importance of compliance in supporting the financial, reputational, and functional aspects of an industry, company, or organization
Details to know
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There are 4 modules in this course
Compliance isn’t only about preventing problems and ensuring that everyone is abiding by laws, rules, and regulations. It’s also about the positive impact a robust and ethical compliance program can have on a business or organization.
In this course we will discuss why compliance is important – from the needs facing businesses in highly regulated industries to avoiding fines and penalties to preventing reputational and economic nightmares. We’ll examine real-world examples of compliance and governance failures and their impact, and consider strategies for avoiding similar situations in our own organizations. You’ll be able to think about risk management in new ways and apply strategies to manage it.
What is compliance and why is it important? In this module, we answer those questions while also looking at some recent high-profile cases of non-compliance in the business world.
What's included
8 videos3 readings2 assignments2 discussion prompts
8 videos•Total 36 minutes
- Welcome to the Course•2 minutes
- Defining Compliance•5 minutes
- Making Rules "Stick"•6 minutes
- Knowing the Rules•5 minutes
- Case Study: Enron's Systemic Compliance Failures (Part 1)•4 minutes
- Case Study: Enron's Systemic Compliance Failures (Part 2)•6 minutes
- Case Studies: The "One Guy" Problem•4 minutes
- Module 1 Summary•4 minutes
3 readings•Total 55 minutes
- Pre-Course Survey (Optional)•10 minutes
- What Is Compliance?•20 minutes
- Enron Scandal: The Fall of a Wall Street Darling•25 minutes
2 assignments•Total 45 minutes
- Making Rules "Stick"•30 minutes
- Module 1 Quiz•15 minutes
2 discussion prompts•Total 40 minutes
- Introduce Yourself•10 minutes
- Rules & the Airline Industry•30 minutes
Non-compliance can have massive real-world implications for the general public, not just individuals directly related to a non-compliant company. In this module, we examine laws that specifically create compliance obligations, as well as the potential costs of non-compliance.
What's included
6 videos1 reading4 assignments1 discussion prompt
6 videos•Total 23 minutes
- Obligations are Numerous, Pervasive and Varied•5 minutes
- The Demands of a Settlement Agreement•4 minutes
- The Board of Directors Has a Fiduciary Duty•6 minutes
- Avoiding Reputational Harm•3 minutes
- The Indispensable and Positive Value of Compliance•5 minutes
- Module 2 Recap•1 minute
1 reading•Total 45 minutes
- Avoiding Fines and Penalties•45 minutes
4 assignments•Total 110 minutes
- Is It a Financial Driver?•30 minutes
- The Board of Directors' Duties•30 minutes
- The Positive Values of Compliance•30 minutes
- Module 2 Quiz•20 minutes
1 discussion prompt•Total 30 minutes
- Identifying Penalties•30 minutes
Every company and organization must deal with risk, and compliance is ultimately a vehicle to mitigate risk. This module explores the close relationship between compliance and risk management. We will analyze the ways in which compliance programs manage risk, as well as alternative forms of risk management.
What's included
5 videos2 readings2 assignments1 discussion prompt
5 videos•Total 17 minutes
- Compliance & Risk Management•3 minutes
- Risk Analysis•4 minutes
- Risk Tolerance•3 minutes
- Outsourcing Risk & Compliance•2 minutes
- Insurance as Another Vehicle to Manage Risk•5 minutes
2 readings•Total 45 minutes
- Responses to Reputational Harm•20 minutes
- Chipotle's Food Safety Crisis•25 minutes
2 assignments•Total 25 minutes
- Reading Quiz - Assessing Chipotle's Risk•5 minutes
- Module 3 Quiz•20 minutes
1 discussion prompt•Total 10 minutes
- Managing Risk•10 minutes
This module highlights developments in the ever-evolving world of compliance, with special emphasis on recent trends in regulatory focus.
What's included
3 videos3 readings1 assignment1 peer review1 discussion prompt
3 videos•Total 14 minutes
- Compliance Taken More Seriously by Enforcement Agencies•7 minutes
- Institutional Compliance v. Compliance in Specific Subject Areas•4 minutes
- The Burgeoning Profession of Compliance•3 minutes
3 readings•Total 40 minutes
- "Loot Boxes" & Regulation•20 minutes
- Concluding Thoughts•10 minutes
- Post-Course Survey (Optional)•10 minutes
1 assignment•Total 30 minutes
- Generalist or Specialist?•30 minutes
1 peer review•Total 60 minutes
- Complete a Risk Profile•60 minutes
1 discussion prompt•Total 10 minutes
- Shifts in Compliance•10 minutes
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Reviewed on Jan 14, 2021
This is a great intro level course. The videos are of very high quality. The case studies and reading given was very interesting to read. I actually had a lot of fun completing this.
Reviewed on Jan 2, 2021
Well-structured, clearly presented information, up-to-date, without unnecessary beating around the bush. I enjoyed the course and recommend it to others.
Reviewed on Apr 27, 2020
I got to have a better perspective of compliance and its role in the business environment. The instructors are well conversant and will enrich you.I would highly recommend this course.
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