“Risk Intelligent Compliance,” is the topic of the first in a series of Spring 2016 Thought Leadership Breakfast Seminars sponsored by the UConn School of Business.
The program will be offered Feb. 10 at UConn’s Graduate Business Learning Center, 100 Constitution Plaza, in Hartford. The event begins with breakfast and networking from 7:30 to 8 a.m., followed by the presentation by business law professor Robert Bird from 8 to 8:45 a.m. The program is free, but registration is limited. For more information or to register, please call Amanda Spada at 860-486-5498 or email Amanda.Spada@business.uconn.edu.
Compliance is big business and the stakes for a firm are high. Yet companies cannot simply dedicate unlimited time and resources to solving compliance issues. The skilled manager must know how to implement compliance effectively and do so at low cost and without disruption. Successful firms will be able to intelligently manage a full spectrum of risks and make decisions that both effectively and efficiently protect the firm from sanctions and harm.
In the seminar, Bird will introduce the concept of risk-intelligent compliance. He will discuss how to make compliance decisions within the confines of limited time and resources. Compliance risk is now a fact of life and something that cannot be completely eliminated. Managers can, however, evaluate the magnitude of various risks and then apply resources in a manner that is most efficient and effective in minimizing exposure. The seminar will explore multiple kinds of efficiency, the trade-off between risk and cost, and show how firms can best achieve their compliance goals and promote compliance as a source of innovation.
Bird, who is the Eversource Utilities Chair in Business Ethics at UConn, is a highly regarded and highly awarded researcher, who specializes in employment law, legal strategy, intellectual property, law and marketing, business and human rights and related fields. He has authored more than 70 academic publications in top journals and has received 15 research-related awards. He earned his law degree from Boston University in 1996.