Compliance isn’t only about preventing problems and ensuring that everyone is abiding by laws, rules, and regulations. It’s also about the positive impact a robust and ethical compliance program can have on a business or organization. In this course we will discuss why compliance is important – from the needs facing businesses in highly regulated industries to avoiding fines and penalties to preventing reputational and economic nightmares. We’ll examine real-world examples of compliance and governance failures and their impact, and consider strategies for avoiding similar situations in our own organizations. You’ll be able to think about risk management in new ways and apply strategies to manage it.
This course is part of the Regulatory Compliance Specialization
What is Compliance?
Offered By
About this Course
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What you will learn
Define compliance within an industry setting
Describe the ways in which compliance affects any industry, company, or organization
Identify the reasons industries, companies, and organizations should engage in compliance
Examine the importance of compliance in supporting the financial, reputational, and functional aspects of an industry, company, or organization
Skills you will gain
Risk ManagementBrand ManagementStrategic PlanningCompliance
Syllabus - What you will learn from this course
Week
12 hours to complete
What is compliance?
What is compliance and why is it important? In this module, we answer those questions while also looking at some recent high-profile cases of non-compliance in the business world.
8 videos (Total 36 min), 3 readings, 2 quizzes
8 videos
Defining Compliance5m
Making Rules "Stick"5m
Knowing the Rules5m
Case Study: Enron's Systemic Compliance Failures (Part 1)4m
Case Study: Enron's Systemic Compliance Failures (Part 2)5m
Case Studies: The "One Guy" Problem4m
Module 1 Summary3m
3 readings
Pre-Course Survey (Optional)10m
What Is Compliance?20m
Enron Scandal: The Fall of a Wall Street Darling25m
2 practice exercises
Making Rules "Stick"2m
Module 1 Quiz15m
Week
22 hours to complete
Why is Compliance Important?
Non-compliance can have massive real-world implications for the general public, not just individuals directly related to a non-compliant company. In this module, we examine laws that specifically create compliance obligations, as well as the potential costs of non-compliance.
6 videos (Total 23 min), 1 reading, 4 quizzes
6 videos
The Demands of a Settlement Agreement3m
The Board of Directors Has a Fiduciary Duty5m
Avoiding Reputational Harm3m
The Indispensable and Positive Value of Compliance4m
Module 2 Recap57s
1 reading
Avoiding Fines and Penalties45m
4 practice exercises
Is It a Financial Driver?4m
The Board of Directors' Duties6m
The Positive Values of Compliance6m
Module 2 Quiz20m
Week
32 hours to complete
Compliance & Risk
Every company and organization must deal with risk, and compliance is ultimately a vehicle to mitigate risk. This module explores the close relationship between compliance and risk management. We will analyze the ways in which compliance programs manage risk, as well as alternative forms of risk management.
5 videos (Total 17 min), 2 readings, 2 quizzes
5 videos
Risk Analysis3m
Risk Tolerance2m
Outsourcing Risk & Compliance2m
Insurance as Another Vehicle to Manage Risk4m
2 readings
Responses to Reputational Harm20m
Chipotle's Food Safety Crisis25m
2 practice exercises
Reading Quiz - Assessing Chipotle's Risk5m
Module 3 Quiz20m
Week
43 hours to complete
Developments in the Field of Compliance
This module highlights developments in the ever-evolving world of compliance, with special emphasis on recent trends in regulatory focus.
3 videos (Total 14 min), 3 readings, 2 quizzes
3 videos
Institutional Compliance v. Compliance in Specific Subject Areas3m
The Burgeoning Profession of Compliance2m
3 readings
"Loot Boxes" & Regulation20m
Concluding Thoughts10m
Post-Course Survey (Optional)10m
1 practice exercise
Generalist or Specialist?8m
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Top reviews from What is Compliance?
As someone with a lot of experience in compliance, I find the structure and delivery methods very meaningful
This is an amazing course in compliance. the temperament, knowledge and teaching styles makes this
Instructors
Andrew Kandel
Lecturer in Law
Lauren Steinfeld
Lecturer in LawAbout University of Pennsylvania
The University of Pennsylvania (commonly referred to as Penn) is a private university, located in Philadelphia, Pennsylvania, United States. A member of the Ivy League, Penn is the fourth-oldest institution of higher education in the United States, and considers itself to be the first university in the United States with both undergraduate and graduate studies.
About the Regulatory Compliance Specialization
Every organization faces a myriad of risks that can threaten its operations, reputation, and bottom line. A robust, effective compliance program can make the difference between companies that successfully navigate those risks, and those that become cautionary tales.
This specialization will introduce the essential elements of effective organizational compliance by exploring the concepts, considerations, and strategies for assessing risks and managing the compliance function. You will learn the fundamental principles of effective compliance, the components of an effective compliance program and their applications, and then closely examine two of the most important areas of compliance in today’s business climate: privacy compliance, and anti-corruption. The insights from this program will be applicable to a wide range of different types of organizations, from private companies to non-profits.
Frequently Asked Questions
When will I have access to the lectures and assignments?
Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). Peer review assignments can only be submitted and reviewed once your session has begun. If you choose to explore the course without purchasing, you may not be able to access certain assignments.
What will I get if I subscribe to this Specialization?
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.
What is the refund policy?
Is financial aid available?
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