In a time of rigorous regulatory oversight and enforcement, strong compliance and governance processes are more important than ever for global organizations. Merely having regulations in place is not enough–companies must devote significant attention and resources to ensuring that such rules are truly embedded in their actions every day.
GE infuses compliance and governance into every aspect of its business. On a companywide level, the Regulatory Excellence initiative has mandated a full reexamination of GE’s compliance systems and processes to assure that risks are anticipated and managed effectively. Processes are in place for executive accountability and compliance training, and an open reporting environment and acquisition framework set the tone for a culture of integrity.
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