The 2020 Update to the Evaluation of Corporate Compliance Programs, outlined by Tom Fox, emphasizes the evolution of compliance from a static, paper-based process to a dynamic, integrated business function. It stresses the importance of continuous monitoring, updating, and improvement, taking into account various factors like company size, industry, and risk profile. The update encourages the use of data and technology for real-time risk assessment and underscores the significance of the compliance function being well-resourced, empowered, and led by qualified professionals.

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