At UofL, many different departments are responsible for monitoring applicable laws so as to develop and maintain appropriate policies and communicate these policies and procedures to their constituents. Each of these departments operates as the institutional "subject matter expert" in laws and policies.
The University created the Institutional Compliance Office with the mandate to coordinate, monitor and, when appropriate, improve the array of compliance functions. This is accomplished through:
- conducting risk assessments
- reviewing high-risk compliance areas
- participating in training sessions
- administering quality assurance reviews
- using other tools to help reduce the university's risks
Risks, such as financial, operational, strategic and reputation-related, can come from any number of sources. By creating a culture of compliance, the University, its students, employees and the entire UofL community will be better served.