Compliance is the state of being in accordance with established guidelines or specifications, standards, policies, regulations and laws.
For a business to be in compliance, it has to embrace the “corporate compliance culture”, which includes business ethics and social responsibility.
CORPORATE COMPLIANCE PROGRAM
The “corporate compliance culture” comes with the implementation of a Compliance Program.
Compliance Programs are designed to provide information and tools to a company’s employees and third parties that will allow them to conform in fulfilling requirements such as company’s policies, procedures and actions that prevent problems with violations of the law and with unethical behaviors.
CORPORATE COMPLIANCE RISK MITIGATION
Corporate compliance risks are:
- Legal sanctions
- Financial loss
- Reputational damage
Compliance Programs are central to an organization’s risk management system.
CORPORATE COMPLIANCE PROGRAM IMPLEMENTATION
A Compliance Program implementation is a project and to be successfully implemented it has to be managed accordingly.
We design Compliance Programs to companies that are tailored to their business’s industry, size and risks.
We know the complexities related to a comprehensive compliance system therefore we make sure the company observes all the elements of a robust and authentic Compliance Program.
A Compliance Program is built based on elements that support three pillars:
Each of these pillars include important steps and we work very closely with our clients as one team in every step from the very beginning.