SAI Global Compliance is a company that aims to build organizations through its wide range of governance, risk and compliance (GRC) products, solutions and services. The company has announced the launch of the second Global Compliance Benchmarking Survey conducted by Baker & McKenzie, a firm that advises businesses through its input on global perspective, deep understanding of business culture and client services. The survey looks at the global business strategies that professionals are employing when it comes to risk management, ethics and compliance.

In an effort to gather strategic insight into how organizations are tacking complex compliance challenges, the two companies invite compliance, risk and ethics executives to participate and help illuminate on the key strategies that organizations are deploying and what tactical responses they are implementing to handle present-day challenges. When the survey is completed, a benchmark report will be published that will help compliance professionals make a comparison of program strategies, priorities and tactics that their fellow contemporaries are employing.

According to the Global Chair of the Corporate Compliance group for Baker & McKenzie, Paul McNulty, time and again, clients want to know how their compliance program stacks up against other companies in their industry and against best practices. He hopes that clients, peers and partners around the world will participate and help make the results valuable.

The value of benchmarking data in understanding best practices and the effectiveness of compliance programs is critical. According to Stephen Martin, Managing Director at Baker & McKenzie Compliance Consulting, and himself, a former compliance officer, “Being able to provide global and industry specific compliance program information to our clients and SAI (News - Alert) Global’s customers is a very needed resource in the compliance field and we look forward to assisting compliance professionals in using the data to continuously improve compliance programs.”

For the first time, the Global Benchmarking Survey will include specific industry sub-surveys from the healthcare, insurance and financial service companies.