Return on Compliance Success Factors of Compliance and Their Contribution to Corporate Value

"Compliance" is now considered a fundamental prerequisite for the "license to operate" and is therefore a critical management function for organizations, requiring significant resource commitment. Numerous corporate scandals related to compliance violations suggest that companies are not always able to manage enterprise-wide compliance risks appropriately. This is partly due to the lack of an established method for quantifying the success of compliance efforts. As a result, a legitimacy problem arises for the responsible executives, as the (high) compliance expenditures are difficult to justify. This book addresses this challenge and demonstrates how the success and value contribution of compliance can be optimized in medium-sized and large companies. To this end, a scientifically grounded compliance model has been developed, which can demonstrate the connection between successful compliance and corporate success, representing a "paradigm shift in the approach to compliance." Compliance must no longer be seen as a cost factor but as a verifiably value-creating leadership tool.

1. Introduction.- 2. Compliance in the Cost-Benefit Tension.- 3. Presentation of the Compliance Success Model.- 4. Key Empirical Insights at a Glance.- 5. Recommendations for Optimizing Compliance Success.- 6. Conclusion and Outlook.

Prof. Dr. habil. Stefan Hunziker is a Professor of Risk Management at the Institute of Financial Services Zug (IFZ) at Lucerne University of Applied Sciences and Arts. He is also the head of the Competence Center for Risk and Compliance Management and a member of the IFZ Institute Management.

Prof. Dr. Mirjam Gruber-Durrer is a Professor of Normative Board Management at the Institute of Financial Services Zug (IFZ) at Lucerne University of Applied Sciences and Arts.

Prof. Dr. Christian Hauser is a Professor of Business Economics and International Management at the Swiss Institute for Entrepreneurship (SIFE) at the University of Applied Sciences of the Grisons. He is the head of the Corporate Responsibility focus area and the first PRME Business Integrity Action Center in Europe.

Jeanine Bretti Rainalter is a research associate at the Swiss Institute for Entrepreneurship (SIFE) at the University of Applied Sciences of the Grisons.