Compliance is painful because it’s hard to come up with precise NPVs on “we need to do it to avoid bad outcomes and because of the law.” It’s a shared tax that

Compliance is painful because it’s hard to come up with precise NPVs on “we need to do it to avoid bad outcomes and because of the law.” It’s a shared tax that grows as the company grows, but the benefit is unseen. So compliance becomes a function of the political power of the leaders.