Latest Causes

EVENTS

Tackling New and Emerging Risks: Strategic Insights at WSJ Journal House

Redefining Corporate Compliance in Asia’s Evolving Landscape
On 19 September 2024, the Centre for Trade Excellence was honoured to participate in “Tackling New and Emerging Risks in Corporate Compliance”, an exclusive luncheon hosted by Dow Jones at the Mandala Club, Singapore, as part of The Wall Street Journal’s Journal House series. The event convened senior compliance professionals and risk leaders from across the Asia Pacific region to examine how businesses are responding to the rapid evolution of global sanctions, regulatory complexity, third-party risk, and supply chain integrity.

The “Three Ms” Framework for Resilient Compliance
In a featured presentation, Jesudevan Viveganandam, our President, introduced a strategic lens for navigating the new normal: Map. Manage. Method.
‍
This “Three Ms” framework serves as a guide for organisations seeking to proactively build compliance capacity, anticipate regulatory shifts, and sustain competitiveness in a high-risk global environment.

Map: This involves gaining a deep understanding of relevant laws, regulations, and risks across regions. By mapping both direct and indirect risks, organisations create a competitive edge which is essential for making informed decisions.
Manage: Jesudevan stressed that risk management is not a one-time task but an ongoing and dynamic process. Keeping risk dashboards updated allows businesses to base their decisions on the latest data, which is critical to protect their brand, minimize avoidable losses, and respond to changing market conditions.
Method: Implementing compliance strategies requires a systematic approach. Organizations need to actively educate their employees about compliance requirements and evolving threat scenarios. This education should go beyond mere basic awareness; it should ensure that employees possess the knowledge necessary to execute their responsibilities effectively.

Resilience Through Leadership and Foresight
‍Jesudevan further emphasized the need for a forward-looking, leadership-driven approach to compliance one that integrates governance, ethics, and market foresight. He shared a case study of a textile manufacturer that successfully diversified its supply chain in anticipation of sourcing disruptions tied to forced labour legislation, thereby pre-empting reputational and regulatory risk.
‍Crucially, he noted that resilient organisations:

Foster trust-based relationships with internal and external stakeholders
Engage in continuous learning and compliance knowledge transfer
Treat compliance not as a constraint, but as a lever for strategic advantage

Our Contribution to Compliance Leadership in Asia
Events such as this reaffirm the Centre’s mission to support organisations in managing regulatory complexity with clarity, confidence, and integrity. As the compliance landscape grows more global and more granular, proactive leadership and structured frameworks like the “Three Ms” are essential.
‍
‍We extend our appreciation to Dow Jones and The Wall Street Journal for hosting a meaningful and forward-focused conversation on the future of compliance in Asia.
‍

Latest Causes

Our Volunteer

Contribute on my charity work by your donation.

Germany