Live: From tick-the-box compliance to balanced decision-making

From tick-the-box compliance to balanced decision-makingIn this episode we'll go deeper into the second trend of Sustainable Compliance and look at why things are changing from a mindset of "tick-the-box compliance" to a "balanced decision-making". We'll also share learnings on how to get there.Why tick-the-box compliance is not a great idea.💵 Calculating 4 % of global revenue for fines does not make sense anymore.To most companies discovery risk is low, and the level of fines have never reached that level.👮🏻‍♀️Management buy-in should not be based on fear of fines.It should be based on how the privacy program positively benefits the organisation.📚 Legal requirements are important.So are the demands and wishes of our customers, colleagues, local community and other stake holders.We should broaden the scope of our privacy compliance.💻 Spread sheets are great for many things (I'm told).They proved less optimal for privacy compliance because keeping them up-to-date became a hassle. Many have not been updated since 2018.✅ Tick-the-box compliance is dying. And we shouldn’t lament that.Instead, let’s replace it with making balanced decisions on data compliance taking the law, value creation and public expectations into account.😇 Feeling good about your job is important.However, only feeling good when you ARE compliant will make you feel miserable most of the time.Let’s feel great about the process of compliance.🧑🏼‍💻 And finally. Data compliance is real work and provides benefits to the organisation.Follow your host, Jacob Høedt Larsen, on Linkedin: https://www.linkedin.com/in/jacobhoedtlarsen/Read more about the cooperation problem, Officers and Operators on our blog: LINKSustainable Compliance Live is a weekly show and you’re invited. Subscribe to our newsletter and get the agenda every week: https://www.wiredrelations.com/datasustainability#data-sustain-formThe five trends of Sustainable Compliance are:Trend # 1 From centralized authority to company-wide collaborationTrend # 2 From tick-the-box compliance to balanced decision-makingTrend # 3 From problem-oriented to solution-orientedTrend # 4 From legal thinking to strategic involvementTrend # 5 From managing data subject to caring about people