18 lessons learned from Compliance
Posted: Mon Dec 23, 2024 5:54 am
It is increasingly common to hear about the figure of the "compliance officer" within a company, but what tasks does this professional profile perform? In principle, it is the figure in charge of regulatory compliance within the company and it is a profile that is increasingly in demand by companies. Today in our Blog, Pablo Rodríguez, partner at Eudita, tells us several aspects to take into account regarding this concept.
Innovation and competitiveness
Tags: News , Studies , SMEs , Companies , Marketing for SMEs
Image
what_is_the_compliance_officer.jpg
In recent times we have witnessed a rapid expansion of the concept of Corporate Compliance among companies in our country, a concept that until then was reserved for a few insiders. Rare is the day that does not appear in the press or we do not receive an invitation to attend a conference in which they explain what this new concept consists of.
In this sense, all of us (judges, prosecutors, lawyers, consultants, companies, etc.) have been digesting the matter over the past few months and have already clarified some aspects, which I detail below :
The Anglo-Saxon nature of Compliance invites us to study mexico phone number jurisprudence as a forecast of what it will have in the short term in Spain.
The need to confirm the role of the Compliance Officer in the face of legal uncertainty arising from the interpretation of their functions by the different roles involved (prosecutors, judges and companies).
The necessary evolution of the regulatory compliance function in its consideration in the decision-making of the Boards of Directors and in the models of Good Corporate Governance.
The necessary role of Compliance in the public sector to regulate the relationship between the Administration and citizens and companies.
The difficulty for public companies to reconcile applicable regulations such as transparency, contracting regulations, the law on capital companies, remuneration of senior officials, public contracting regulations... to balance competitiveness and the possibility of applying some private sector due diligence assessment mechanism when hiring employees who share a culture of regulatory compliance.
The opportunity represented by the publication of the UNE 19601 standard as a certifiable model of criminal compliance that allows for the accreditation of compelling evidence of the availability of a supervision, surveillance and control management system by an organization in a manner consistent with ISO 19600 and based on the continuous improvement model of preventing, planning, measuring, monitoring and improving criminal regulatory compliance.
The necessary evolution of anti-corruption values and culture based on the recent publication of the ISO 37001 standard in the face of some rather poor statistics regarding the perception of CEOs of the benefits that anti-corruption policies provide for organizations, which show some devastating figures in which today, only 13% of them consider that they do not contravene the organization's competence.
The benefits that, based on the experience of organizations with a history of regulatory compliance, come from the continuous training and formalization of specific codes of conduct that establish the organization's policies in relation to its staff, collaborators and members of administrative bodies in contracting processes, commercial courtesy (gifts), donations, conflicts of interest... in order to avoid misinterpretations or illicit corrupt conduct generated by a lack of training or information.
Innovation and competitiveness
Tags: News , Studies , SMEs , Companies , Marketing for SMEs
Image
what_is_the_compliance_officer.jpg
In recent times we have witnessed a rapid expansion of the concept of Corporate Compliance among companies in our country, a concept that until then was reserved for a few insiders. Rare is the day that does not appear in the press or we do not receive an invitation to attend a conference in which they explain what this new concept consists of.
In this sense, all of us (judges, prosecutors, lawyers, consultants, companies, etc.) have been digesting the matter over the past few months and have already clarified some aspects, which I detail below :
The Anglo-Saxon nature of Compliance invites us to study mexico phone number jurisprudence as a forecast of what it will have in the short term in Spain.
The need to confirm the role of the Compliance Officer in the face of legal uncertainty arising from the interpretation of their functions by the different roles involved (prosecutors, judges and companies).
The necessary evolution of the regulatory compliance function in its consideration in the decision-making of the Boards of Directors and in the models of Good Corporate Governance.
The necessary role of Compliance in the public sector to regulate the relationship between the Administration and citizens and companies.
The difficulty for public companies to reconcile applicable regulations such as transparency, contracting regulations, the law on capital companies, remuneration of senior officials, public contracting regulations... to balance competitiveness and the possibility of applying some private sector due diligence assessment mechanism when hiring employees who share a culture of regulatory compliance.
The opportunity represented by the publication of the UNE 19601 standard as a certifiable model of criminal compliance that allows for the accreditation of compelling evidence of the availability of a supervision, surveillance and control management system by an organization in a manner consistent with ISO 19600 and based on the continuous improvement model of preventing, planning, measuring, monitoring and improving criminal regulatory compliance.
The necessary evolution of anti-corruption values and culture based on the recent publication of the ISO 37001 standard in the face of some rather poor statistics regarding the perception of CEOs of the benefits that anti-corruption policies provide for organizations, which show some devastating figures in which today, only 13% of them consider that they do not contravene the organization's competence.
The benefits that, based on the experience of organizations with a history of regulatory compliance, come from the continuous training and formalization of specific codes of conduct that establish the organization's policies in relation to its staff, collaborators and members of administrative bodies in contracting processes, commercial courtesy (gifts), donations, conflicts of interest... in order to avoid misinterpretations or illicit corrupt conduct generated by a lack of training or information.