Even if your business is staying static, the amount of regulations continue to increase. We have talked about this growth over time. In reality, almost every one of our companies are moving into new markets with new products and new risks. We are innovating in spaces that open us up to new regulations and standards.
The increase in the number of new regulations and the increased cost burden put on organizations to meet these regulations has been a consistent trend over the past decade. This has placed a huge demand or organizations trying to keep up with the ever changing regulatory landscape and is consuming a disproportionate amount of board room time to deal with non-compliance issues, sanctions and implementing structural changes to meet new rules.?