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June 29, 2015

Americas: Why You Should Care About Duty-of-Care Risks

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Life science and financial service companies must manage their meetings because of the regulatory requirements imposed on them by governments around the world. As a result, much of the meetings management attention has been focused on these two sectors, but that doesn’t mean that other organizations shouldn’t undertake meetings management initiatives as well. After all, don’t all organizations want to manage their meeting spend more effectively, mitigate regulatory and duty-of-care risk, and deliver high-quality events to internal and external customers in order to enhance brand loyalty and customer satisfaction? These factors are like apple pie—every organization should want them. 

But still, many organizations have avoided creating meetings management programs. This is mainly due to four factors:

• Confusion around the goals of, and what constitutes, a meetings management program

• Perceived difficulty of building a meetings management program

• Lack of clarity on the payoff from a meetings management program

• Difficulty in gaining senior management support in light of so many high-priority and competing initiatives

Read more at MeetingsNet.com...

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