In previous white papers, we explained how in today’s increasingly global economy, trade compliance matters more than ever before.
Our second white paper described several of the best business practices we observed being proactively utilized by world-beating companies to facilitate the successful implementation of what we have termed an “integrated trade compliance strategy”.
Foremost among the “best practices” identified was the indispensable role of corporate leadership in making international trade compliance a vitally critical issue throughout their organizations.
The intent of a new series of weekly posts based on our third white paper is to examine in more depth various aspects of this core business leadership element as it relates to achieving compliance success in a global business environment.
In this series we will outline the traditional role fulfilled by the board of directors and illustrate how these familiar priorities intersect with trade compliance in a more expansive and dynamic framework of traditional risk management competencies.
We will also provide case studies of how “best practices” trade compliance measures have been successfully enabled by the boards of differing companies.
Finally, we will set out five core principles for boards to consider when addressing the shifting demands of globalization, and six questions that can be used to roughly benchmark your own organization’s performance.