Compliance is a tricky facet of running a business well and maintaining a robust contract portfolio. Understanding the many nuances will take time, and although attaining proficiency in the subject is certainly feasible, developing true expertise will require diligent research on many topics, as well as consistent involvement in the process over a fairly significant period of time.To help professionals get up to speed on the ins and outs of compliance management and understand what it will take to create the right corporate culture that will facilitate the creation and maintenance of an effective compliance program, here is a list of some books on the matter that are worth reading.
Compliance Management: A How-to Guide for Executives, Lawyers, and Other Compliance Professionals
This is a good how to kind of book for companies that are focused on establishing and overseeing effective compliance management as part of their core operations. It provides information about regulations, ethics, and compliance in general and covers topics that are pertinent to various business professionals who may be involved in the process, so it can be helpful for virtually anyone on the team.
Governance, Risk Management, and Compliance: It Can't Happen to Us--Avoiding Corporate Disaster While Driving Success
Governance, risk management, and compliance are the core triad when it comes to understanding the heart of corporate compliance matters. This book is geared more for top executives and board members because it provides insight on the importance of aligning the company’s strategic goals with the appropriate processes and procedures. It actually delves into how the different roles fit into the whole picture, and it explains what works and what does not work, with some specific examples of companies that succeeded and those that floundered.
How to Be a Wildly Effective Compliance Officer: Learn the Secrets of Influence, Motivation and Persuasion to Become an In-Demand Business Asset
Understanding people and knowing how to maneuver complex situations are critical to successful compliance. This book doesn’t just discuss the process of compliance management, but the way in which a dynamic business leader can shape it. Thus, this book sheds light on how individual business leaders can and must act to have the kind of influence needed to ensure successful compliance management.
Building a World-Class Compliance Program: Best Practices and Strategies for Success
This book includes an analysis of the history and development of corporate compliance, along with case studies to highlight important points. It specifically addresses some of the key federal regulations regarding compliance, such as the Sarbanes-Oxley Act. Thus, this book provides detailed guidance on what compliance professionals need to know and how they can go about building a solid compliance program.
The healthcare industry obviously comprises a significant portion of compliance matters. So, for a detailed account of the fundamentals of health care compliance, this is the book to grab. It discusses the incredibly important Health Insurance Portability and Accountability Act (HIPAA), as well as the lesser known Health Information Technology for Economic and Clinical Health Act (HITECH), which is extremely important for companies in the healthcare and technology sector, a burgeoning field.