The MER Experience
The 25th Year of Delivering Premier Electronic Records Management Education

Session 22: Best-Practice IG and “Big Data” Analytics as Critical Elements of an Effective Compliance Program

As an Information Governance professional, you are a strategic partner in the success of your organization’s Legal and Compliance functions.  In addition to your role in supporting litigation and document production, your expertise can play a critical role in proactive risk management. Your company’s Chief Compliance/Ethics Officer (CECO) ultimately is accountable to the Board of Directors for overseeing a Compliance and Ethics Program that manages a broad spectrum of risks.  “Speaking the language” of compliance can help you support your CECO in meeting legal and other compliance requirements, as well as engaging her/him as an executive champion of your Information Governance Program.

This session will discuss three ways that a strategic approach to Information Governance can support a proactive approach to compliance risk assessment and management, which are key drivers of improved shareholder value:

  1. Information Governance—including Records Management, Social Media, Data Privacy, Trade Secret Protection and Information Security—is one of the most significant risk areas your organization must proactively manage for both legal and business performance reasons.
  2. A best-practice Records Management Program is also a critical tool for managing all of the other risk areas, since all elements of the Compliance and Ethics Program must be well documented.
  3. Most compliance controls, auditing and monitoring are intensely data-dependent.  Data analytics—and more advanced “big data” monitoring—can be a powerful tool in identifying wrongdoing in the organization.  In fact, it can even anticipate where noncompliance is likely to occur.  This is the cutting edge of best-practice, proactive compliance management.

This session will provide the rationale for, and examples of, these strategic approaches to Information Governance, and it will help you become a more effective and integrated business partner to your CECO in meeting legal requirements, keeping senior management and the Board informed and engaged, and helping drive improved business performance and shareholder value.

Speakers: Debra Sabatini Hennelly, Joe Oringel