Siemens Canada is featured as a case study in our most recent white paper examining how leading traders use key performance indicators (KPIs) to track a range of trade compliance variables.
At Siemens, KPIs selected reflect the organization's commitments and its brand promise: to be ethical, efficient, innovative, serve their clients, and comply with the global regulatory environments in which the firm operates.
What is noticeably absent are KPIs around more conventional measures such as regulatory penalties, fines, or sanctions of any kind. Instead, the focus at Siemens is on the disciplines, processes, and protocols that will ensure they avoid punitive actions, with KPIs providing the dashboard for visibility well before a negative consequence is triggered.
As a world class company, Siemens clearly demonstrates how success and opportunity can flow from doing the right things, and doing things right. They view performance measures acting as the accountability tools to meet their goals and obligations to stakeholders, partners, clients, employees, and regulators.
Other posts in this series:
- Using KPIs to Manage for Compliance Success: Siemens Case Study (Part II)
- Using KPIs to Manage for Compliance Success: Siemens Case Study (Part I)
- Trade Compliance KPI Survey: Oversight
- Trade Compliance KPI Survey: Organizational Visibility
- Trade Compliance KPI Survey: Link to Corporate Strategy
- Trade Compliance KPI Survey: Usage
- Why Track Compliance via KPIs?
- Connecting KPIs to Compliance
- 5 Questions to Develop Relevant Key Performance Indicators
- Defining Key Performance Indicators
- Using Key Performance Indicators to Manage for Compliance Success
Click here to download the complete white paper.