Analysis of the rise of Risk, Ethics and Compliance Managers by Blandine CORDIER-PALASSE, La Revue RH&M n°92
In today's complex business landscape, the growing emergence of Risk, Ethics and Compliance Managers (RECOs) is evidence of a strategic shift in response to the challenges of the modern business world. This trend is driven by a number of interrelated factors that highlight the crucial importance of these roles to corporate governance and sustainability.
Proactive risk management
The rise of the Chief Risk Officer reflects the growing recognition of the importance of proactive risk management. It is essential to identify, assess and mitigate financial, operational and strategic risks. Their expertise enables companies to navigate with agility in a constantly changing environment.
Strengthening Ethical Governance
Ethical scandals have underlined the imperative of strengthening ethical governance within companies. Ethics Directors are the guardians of organisational integrity, developing robust ethical policies, raising employee awareness and ensuring that decisions are rooted in sound ethical principles.
Strict adherence to regulations
In a complex and constantly changing regulatory environment, Compliance Managers ensure compliance with legal and regulatory standards, ensuring rigorous adherence and reinforcing the company's credibility.
Anticipating digital risks
In the age of digital transformation, the risks associated with cybersecurity and data protection are paramount. Working with cybersecurity experts, Risk Managers develop strategies to protect sensitive data, ensuring the company's digital security.
Pressure from stakeholders
The expectations of stakeholders, whether investors, customers or employees, are increasingly high. Risk, Ethics and Compliance Managers are becoming the guarantors of transparency, social responsibility and ethical commitment. They play a crucial role in communicating and implementing ethical, sustainable and socially responsible business practices in line with these expectations, reinforcing stakeholder confidence.
Strategic role in a changing world
At the dawn of an era in which uncertainty is becoming the norm, they play a strategic role in aligning businesses with changing market dynamics, anticipating emerging trends and ensuring the sustainability of organisations.
In conclusionThe growth of these functions is a strategic response to the complex challenges and changing expectations of today's ecosystem. These professionals are the architects of organisational resilience, ethical governance and regulatory compliance.
Their role goes beyond simple risk management. They play an active role in shaping companies that are robust, ethical and aligned with contemporary values. That's why, in an ever-changing business world, companies are increasingly asking us to recruit their Chief Risk, Ethics and Compliance Officers, the guardians of their stability, reputation and sustainability.
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