Post by mehedi15a on Mar 12, 2024 10:34:18 GMT 2
In 2010, the criminal liability of legal entities was established in the Penal Code , and five years later Compliance Programs were included in the legal system. These facts not only highlight the importance of regulatory compliance in companies, but also lead us to pay greater attention to the appropriate and transparent management of business activity as a means of generating value. Compliance is not just another requirement to offer valuable services and generate trust in clients, partners, employees and investors, among others, but rather a great competitive advantage for organizations. Hence, our motivation to create the definitive guide to compliance. 5 steps of comprehensive compliance in companies If the objective of companies is to carry out an activity oriented in a more sustainable, ethical and responsible way, compliance is the most direct way to achieve it.
This guide is a practical document that avoids technical reflections and outlines the main steps to achieve regulatory compliance. Stay, we'll tell you what it's about: Compliance consulting A GRC (Corporate Governance, Risk Management and Regulatory Compliance) consultancy is a management model UK Mobile Database where corporate governance functions, performance management, risk management and compliance responsibilities are integrated. Its purpose is to improve the ability of companies to achieve their goals. In this first phase, companies are advised to develop specific solutions. The requirements of the regulatory framework are identified Risks are identified and prioritized. Mitigation controls are identified and implemented. One of the requirements established in the Penal Code to exempt a company from liability is to adopt and execute, before committing a crime, management models that include appropriate control and surveillance measures to prevent crimes. That is, create compliance programs that have a series of organized, understandable and applicable content.
For example: the company's compliance manual which specifies the instructions to follow, the code of ethics, review and update plans, etc. Compliance assessment Automation is a crucial point in this phase, as it allows you to keep data and documents available and organized at all times. Tools such as the Cibernos Compliance Engine have made it possible to have automated systems that facilitate a high frequency of standards evaluation with the help of collaborative data collection processes, automatic detection of non-compliance, visualization in dashboards, correction actions, etc. The Compliance Manager can create his or her own compliance report, as well as the reporting and the dashboard. Automatic control allows continuous evaluation. Monitoring control In this stage, any standard, its associated risks and the objective way to measure the effectiveness of the controls are parameterized.
This guide is a practical document that avoids technical reflections and outlines the main steps to achieve regulatory compliance. Stay, we'll tell you what it's about: Compliance consulting A GRC (Corporate Governance, Risk Management and Regulatory Compliance) consultancy is a management model UK Mobile Database where corporate governance functions, performance management, risk management and compliance responsibilities are integrated. Its purpose is to improve the ability of companies to achieve their goals. In this first phase, companies are advised to develop specific solutions. The requirements of the regulatory framework are identified Risks are identified and prioritized. Mitigation controls are identified and implemented. One of the requirements established in the Penal Code to exempt a company from liability is to adopt and execute, before committing a crime, management models that include appropriate control and surveillance measures to prevent crimes. That is, create compliance programs that have a series of organized, understandable and applicable content.
For example: the company's compliance manual which specifies the instructions to follow, the code of ethics, review and update plans, etc. Compliance assessment Automation is a crucial point in this phase, as it allows you to keep data and documents available and organized at all times. Tools such as the Cibernos Compliance Engine have made it possible to have automated systems that facilitate a high frequency of standards evaluation with the help of collaborative data collection processes, automatic detection of non-compliance, visualization in dashboards, correction actions, etc. The Compliance Manager can create his or her own compliance report, as well as the reporting and the dashboard. Automatic control allows continuous evaluation. Monitoring control In this stage, any standard, its associated risks and the objective way to measure the effectiveness of the controls are parameterized.