By Carol Beaumier, Protiviti
Over the years, United States presidential commissions and trade associations have made countless appeals for meaningful regulatory reform, but such reform has remained elusive. This article suggests that the best way to design a meaningful plan for regulatory reform in the United States is to start with a clean sheet of paper. These simple steps offer the advice a consultant would provide to a company looking to implement effective risk management: Define your desired future state and align your strategies, people, processes and tools to achieve that state.