This episode is a unique experience as it is a replay of a free video training where we discussed The Rise of the Business-like CCO. This video training is broken up into three different sessions and today’s podcast episode is the replay of Day 1. 

Before we jump into the metrics and strategies of the Business-like CCO, we need to talk about the biggest mistakes compliance professionals make in their careers. In order to learn something new and become better, it’s so important, to begin with this introduction.

So listen on to learn what these common and major mistakes are, what you can do to shift your mindset to avoid these mistakes, and how we can begin to improve compliance performance.

Today’s episode:

• [02:02] Oftentimes, people want to take the advice but are unable to.
• [04:45] One reason compliance professionals are not able to achieve their goals is that they have inadequate beliefs and a very specific perception.
• [06:10] We need to start with misconceptions and mistakes to become more aware.
• [08:58] Compliance professionals tend to have a lot of limiting beliefs.
• [10:50] Big mistake #1: Sacrificing time for clarity.
• [12:22] You may hesitate to make a decision until someone else does first.
• [15:07] Big mistake #2: How do we ask for money as compliance professionals and what is our relationship with money?
• [16:47] Your mentality makes a huge difference.
• [19:23] Compliance should position itself and the organization to recognize it as the revenue driver.
• [22:08] Big mistake #3: Value of information.
• [24:28] The value of information is declining.
• [26:45] If you recommend something, you should be a part of the implementation.
• [27:29] What you believe about compliance will determine what is possible for you within your organization.
• [31:37] What is the minimum risk and the maximum risk you can take?
• [33:08] Live participants of the session ask questions on the topic.

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