Dana McMahon on Embedding the Compliance Team in the Business [Podcast]

Compliance Perspectives

By Adam Turteltaub Tired of being last to the party and then perceived as a party pooper? There’s a solution to that problem embraced by Dana McMahon, Global Chief Compliance Officer, Head, Privacy & Enterprise Risk at Stryker. She works to have her team embedded in the business unit. It’s a process that begins with getting a seat at the table and being intentional about conversations. From there the relationship evolves into being a consultant on sticky issues and then on to being integrated into decision making and proving yourselves indispensable. The key to the process, she explains, is to show up with a problem-solving mindset. Throughout, the compliance team has to be aware of the needs of the business and its challenges. To solidify compliance’s place takes three things: Adopt a problem-solving approach Tailor your efforts to the most pressing issues Timing: anticipate what the business needs to move forward Listen in to learn more and gain other tips for fully embedding compliance into the business process.