5 essential tips for Compliance Management in organizations

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The constant cases of corruption in Brazil and around the world, both in the public and private sectors, reveal the need for organizations to invest in strengthening their reputation and adopt measures to mitigate any potential risk to their image. Therefore, it is necessary to consider that the way in which they position themselves and are seen by society in general is, almost always, decisive for the prosperity of their business. In this sense, Compliance management emerges as an essential value for companies, regardless of their size or the sector in which they operate.


Created from the English term “to comply”, which means to act in accordance with a rule, Compliance can be understood as a practice of adapting to standards and regulations. However, it is not restricted to external environments and must also be addressed within organizations. In other words, in addition to being in accordance with the laws, the company chile mobile database must develop policies aimed at ensuring that its employees comply with the established standards.


Compliance is, therefore, everything related to conformity, the purpose of which is to guide, avoid and remedy the occurrence of any type of irregularity, thus eliminating risks for the company.


For this reason, Compliance management is associated with the principles of corporate governance , constituting one of its fundamental pillars. This is because both terms are related to ethics and jointly seek to preserve the integrity of the business. Thus, this management is oriented, above all, towards the principle of transparency — a vital element for every organization.


Compliance management in practice
Compliance is a practice that requires planning and a change in culture. The creation of this process depends on a long process of study and reflection on the organization's management, the behavior of its employees, understanding of laws and regulations that may impact the business, among other factors. Therefore, for implementation, it is necessary to define a series of policies. Some of the main tips for developing a Compliance management plan are.