Comparative Review of the Latest Concept in Compliance Management & The Compliance Management Maturity Models

Authors

  • Ridwan Hendra Institute of Compliance Professionals Indonesia, Parahyangan Catholic University

DOI:

https://doi.org/10.31098/bmss.v1i5.457

Abstract

Like many other management systems, the compliance management system needs to be measured to know how exemplary the implementation is. The Compliance management maturity model (CMMM) is one measurement method that can help the organization assess the degree of Compliance Management implementation and the effectiveness of compliance management practices to help the organization achieve its objectives. To determine and identify the state-of-the-art CMMM, this study will enumerate and synthesize current CMMM and map their similarities and differences. Furthermore, to determine if the existing enterprise CMMM can measure the current Compliance Management practices by using the ISO 37301 international Standard as a proxy for a state-of-the-art Compliance Management system. The synthesizing process of the enterprise CMMM uses the literature review approach on the existing CMMM and ISO 37301 as the primary benchmark reference. The findings show that despite organizations facing increasing complexity and organizational characteristics of internal and external regulations, the CMMM as Compliance Management measurement tools are very few. The result also shows that the existing CMMM cannot cover all the current CMMM requirements needed from the International Standard.

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Published

2021-11-26

How to Cite

Hendra, R. (2021). Comparative Review of the Latest Concept in Compliance Management & The Compliance Management Maturity Models. RSF Conference Series: Business, Management and Social Sciences, 1(5), 116–124. https://doi.org/10.31098/bmss.v1i5.457