Compliance means that all employees must observe the applicable laws, regulations and standards. Creating and maintaining a compliance-organization reduces or eliminates compliance risks such as sanctions, losses or reputation damages.
The creation and maintenance of a compliance organization requires a compliance concept in which the compliance principles and the duties and responsibilities from the top management to every employee are drafted. The compliance topics and the reporting to the management and the executive board as well as the compliance organization need to be addressed.
The persons responsible for compliance identify and assess the compliance risks, inform the responsible managers and advise them in all compliance relevant questions. Compliance is a cornerstone of a good corporate governance and organization. The goal to minimize risks through good governance motivates enterprises to voluntarily build up an efficient compliance organization.
We support customers in designing and implementing compliance concepts, creating compliance organizations and integrating them into the company's structure.