Compliance and risk management are intertwined, with non-compliance potentially resulting in severe consequences for an organization. Compliance risk assessment is a structured process that prioritizes legal and regulatory risks, allowing organizations to allocate resources to the most significant areas. Companies should understand their inherent risk, which can be analyzed using a disciplined method and used to develop a risk mitigation approach. A culture of compliance is the result of several core components, and senior executives and boards are increasingly concerned about managing compliance proactively. Forward-thinking leaders are seeking ways to make their organizations more risk-intelligent by anticipating and mitigating compliance risks.