IT Governance

Is Your Firm’s Compliance Affected by the Pandemic?

Many businesses have begun to believe that the pandemic will no longer affect their business as it did in 2020 or 2021. People witnessed new authorizations from the FDA for Pfizer/BioNTech along with the Moderna mRNA vaccines in 2021. However, with the advent of the new delta variant, the companies are still not sure if they should resume work from the office or not. There are many businesses that are unsure of the pandemic’s repercussions on their firms. In one of their recent articles, Corporate Compliance Insights discusses how the pandemic affects business compliance.

The Long Road Ahead

According to the New York Times, an estimated 1.7 million doses of the Covid-19 vaccine are put to use on a daily basis. If this pace is maintained, the Times stated that 94 percent of the population would be vaccinated by May 8. It will be enough to ensure herd immunity. However, there are some external aspects that might hasten or delay the process, and the government is taking that into consideration.

Know Your Rights

Your company might have implemented new rules and policies to curb the spread of the virus. They might have made new regulations for travel, border controls, etc. Jim DeLoach states, “Because of the lack of experience in dealing with a global health crisis of the present magnitude and the evolving nature of the COVID-19 virus, frequent revisions by governments of those policies have led to unprecedented levels of uncertainty for business leaders as they try to maximize the performance of their organizations. The efficacy of vaccines and the effective functioning of their distribution and administration impact this risk.” It is essential for you to be aware of your choices and how you can contribute to stopping the spread. Besides, it is also crucial for you to understand that your work does not get hampered.

Click on the link to read the original article:

https://www.corporatecomplianceinsights.com/covid-19-compliance-risk-2021/

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