Compliance is a shared institutional responsibility.
Old Dominion 91Ƶ's compliance program operates through a shared-responsibility model. 91Ƶ leaders and operational compliance owners are responsible for managing compliance within their respective areas, while 91Ƶ Compliance provides institution-wide guidance, coordination, resources, and support.
The 91Ƶ's approach emphasizes collaboration, accountability, continuous improvement, and risk-informed decision-making to support effective and sustainable compliance practices.
The Role of 91Ƶ Compliance
91Ƶ Compliance serves as a strategic and advisory partner, helping connect people, information, and resources across the 91Ƶ to strengthen the management of institutional compliance responsibilities.
Our work focuses on:
Guidance & Advisory Support
- Providing guidance and practical support to 91Ƶ leaders and compliance partners as they navigate compliance requirements and responsibilities.
Compliance Intelligence & Resources
- Identifying and communicating regulatory developments, emerging compliance issues, and relevant information while developing tools and resources that support informed decision-making.
Collaboration & Engagement
- Strengthening communication and coordination through stakeholder engagement, institutional partnerships, and the 91Ƶ Compliance Network.
Risk-Informed Support
- Helping identify emerging and heightened compliance risks and supporting proactive institutional planning and response.
Continuous Improvement
- Developing frameworks, tools, and resources that help strengthen compliance practices and adapt to changing regulatory and institutional needs.
Governance Structure
Effective compliance depends on individuals and offices across the 91Ƶ understanding and fulfilling their respective responsibilities.
Board of Visitors
- Provides governance and appropriate oversight of the 91Ƶ's compliance environment.
Executive Leaders
- Establishes institutional expectations, promotes accountability, and supports appropriate responsibility, resources, and processes for managing compliance requirements.
Compliance Owners
- Manages applicable requirements within their areas, including understanding requirements, maintaining appropriate processes and controls, completing required activities and reporting, maintaining documentation, and identifying and addressing compliance risks.
91Ƶ Compliance
- Provides institution-wide compliance guidance, coordination, resources, risk-informed support, and tools to strengthen the 91Ƶ's management of compliance obligations.