This EIU case study looks at how Dow Chemical is responding to new regulatory challenges – data privacy laws regarding employees, partners, and customers – by implementing automated controls.
Identifying, designing and executing the right internal controls to meet those standards in a large, global organisation can be an arduous and expensive undertaking. The complexity of the task and the risk of failure can overwhelm even the most experienced executive. In particular, the pressure to meet increasingly tight financial reporting deadlines imposed by external policymaking bodies, as well as those mandated by corporate governance rules, has stretched the limits of businesses in every industry. Organisations must operate at optimal levels of transparency and efficiency.