Regulatory Change Management: Are Schools Falling Behind Compliance?
In this episode of Risk Matters, Simon Osamoh dives into the critical topic of regulatory change management and why many schools—particularly nonprofit and state schools—are struggling to stay compliant with evolving laws. Drawing from his extensive background in financial risk and compliance at institutions like US Bank and Wells Fargo, Simon shares insights on the importance of tracking regulatory changes, assessing their impact, and implementing processes to ensure compliance before issues arise.
Key Learning Points:
- Why Regulatory Change Management Matters – Without a structured approach, organizations risk legal violations, fines, and reputational damage. Simon highlights the key components of a strong compliance program.
- Case Study: Minnesota’s Active Shooter Drill Law – Enacted in October 2023, this law changes how schools must conduct drills and notify parents. Many schools remain unaware, illustrating the broader challenge of tracking regulatory updates.
- Building a Compliance Strategy – From monitoring legal changes to implementation and ongoing audits, Simon outlines a step-by-step framework for organizations to stay ahead of regulatory risks.
Need Support with Compliance? If your organization needs help with regulatory change management or compliance strategies, reach out to Simon Osamoh and his team at [email protected].
