Security News > 2024 > July > Top priorities for compliance leaders this year

Legal, compliance and privacy leaders list strengthening their personal impact on company strategy as their top priority for 2024, according to Gartner.

Improving third party risk management, and ensuring compliance programs can keep pace with fast-moving regulatory requirements are the top three priorities for this year.

The Gartner survey of 179 legal, compliance and privacy leaders in September of 2023 showed that developing guidance that enables the business to better balance risk and business benefit, designing or updating compliance training to make it more tailored to employee needs round out their top five priorities.

"Legal and compliance leaders have neither resources, expertise, nor visibility into the business to manage the impacts of geopolitical tensions, or new technologies such as generative AI, alone. They must prompt others in the business to do more to own these risks," said Stuart Strome, Director, Research in the Gartner Legal, Risk and Compliance Practice.

These increased expectations place greater pressure on leaders' limited time and incentivize them to influence other C-suite leaders to ensure legal and compliance goals are met.

"Many legal and compliance leaders are looking for strategies to implement a robust regulatory intelligence system to help stay on top of rapidly shifting regulatory requirements," Strome concluded.

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