Culture & Compliance Chronicles: Breaking Down Silos—Integrated Assurance in Compliance and Risk with Klaus Moosmayer

Integrated assurance transforms corporate governance by dismantling siloed risk and compliance departments in favor of a unified, horizontal framework. This approach aligns strategy, legal, and human resources to streamline processes like third-party due diligence and crisis management, ultimately reducing bureaucracy and enhancing business agility. Klaus Moosmayer, a veteran compliance leader and former executive at Novartis and Siemens, emphasizes that effective compliance requires moving beyond rigid codes of conduct toward a "Constitution" of ethics, often crowdsourced to reflect the actual challenges faced by employees. By integrating behavioral science and fostering cross-functional collaboration, organizations can better navigate regulatory complexity and reputational risks. This shift demands that compliance professionals act as stewards and connectors, ensuring that ethical decision-making remains central to business operations rather than an isolated administrative function.