Compliance programs typically prescribe risk management actions to the business. But empowering the business to own risk management yields significantly better risk outcomes than prescription, as employees act on observed risk.
Having become a mandated role under last year’s GDPR regulations, companies must consider this role carefully. Yet, the scope and magnitude of the DPO role makes it difficult for organizations to determine how to best fill the position.
Most legal departments have yet to adopt a strategy that allows them to enable digital business transformation while also effectively managing digitalization risks. To be digital ready, legal departments need to take four crucial steps.