There are at least 8 essential components of compliance risk management programs. Risk management aims to reduce the likelihood that an organization will not achieve its goals and objectives. Compliance is the obligation to adhere to laws, regulations, contract terms, internal policies, and other requirements. Compliance risk management refers to the organizational procedures, processes and culture that reduce the likelihood of non-compliance.
On November 17, 2020, Bill C-11, An Act to enact the Consumer Privacy Protection Act and the Personal Information and Data Protection Tribunal Act and to make consequential and related amendments to other Acts (Bill C-11), received first reading in the House of Commons. Part 1 of Bill C-11 repeals Part 1 of the Personal Information Protection and Electronic Documents Act (PIPEDA) and enacts the Consumer Privacy Protection Act (CPPA) to protect the personal information of individuals while recognizing the need of organizations to collect, use or disclose personal information in the course of commercial activities.
The COVID-19 pandemic has forced many businesses to go virtual and some employers and HR professionals are finding performance management challenging when their employees are working from home.