Corporate Compliance

A well-functioning organization structure and a strong value system serve a good reputation and avoid liability and criminal liability risks. The protection of employees and management must be priority.

A compliance management system can provide an efficient framework. Important elements can be:

• Compliance Culture
• Compliance Risk Management
• Compliance Communications & Training
• Compliance structure and process organization / Compliance functions
• Compliance Monitoring
• Compliance objectives
• etc.

A comprehensive documentation and regular review and adjustment of the compliance management system is required.

The challenges of an international company are in particular the different legal systems, which can lead to various forms of these elements as well as the respective design. Therefore, for central guidelines it is important to have in view the legal systems of other countries and to examine local adaptation needs.

Concrete measures to implement a compliance management system can be:

• Advice to the management and staff in compliance matters to avoid compliance violations or risks
• Development, implementation, monitoring and periodic revision of strategies, policies, processes, risk analyzes and internal systems
• Regular review of products and sales processes as well as monitoring of development processes and initiation of preventive measures
• Design and implementation of compliance training
• Investigation of violations of policies or legal requirements such as recommendation and request of the measures to be take
• Business Partner Due Diligence
• etc.