Peak bodies and industry associations are facing ever-changing and demanding compliance responsibilities. New laws, codes and regulations are making the compliance landscape ever more complex. Jurisdictions and mandatory inspection schedules are also increasing, adding pressure on already limited compliance resources.
The key buzzword for business over the last decade has, without question, been “disruption”. A disruptive company, product, or service is one that brings an entirely new angle and vision to an existing industry, and when they do they make waves amongst both the current industry players and the governments that regulate them and their industry.
In this article, examine how new and disruptive industries and services are challenging regulation and compliance bodies.
When I think of safety, the last thing that comes to mind is chaos, but that’s exactly what we’re going to talk about.
In this article we challenge traditional approaches to safety, by thinking about ‘Safety Differently’.
Self-regulation, in most instances of business or government, is far from effective or consistent, let alone honest. Self-preservation is a powerful thing, and human nature dictates that we’re all going to make a mistake, at some point.
When that unfortunate incident happens, the best thing that can happen is to immediately address it and handle it. The longer it goes unaddressed, the more harm it will cause when it finally sees the light of day. Self-regulation, combined with a natural tendency towards self-preservation, is simply an invitation to corrupt practices or processes.
Without clear guidelines and objectives, it’s easy for the lines of responsibility to become blurred, resulting in compliance officers taking on too many tasks without the necessary resources to get their jobs done efficiently and accurately, and ultimately, losing sight of their key objectives.