Regulatory Compliance
The rise of the compliance discipline is very much linked to a number of worldwide scandals and their broad coverage in global media. This is even more surprising taking into consideration that compliance means nothing else but obeying internal and external rules and laws, which is in western economies a commonly accepted fact.
This unexpected attention has two root causes: First of all, these violations penetrate all industry / service sectors and are of global nature, on the other side they resulted in drastic penalties for the companies, management boards and the employees in charge. The prevention of those violations commonly known as compliance discipline has made it on the top agenda of management boards traditionally in the financial sector and starting a couple of years ago in all other industry sectors.
A modern, systematic and processoriented management approach for complying with, training of changing rules, resulting risks and appropriate measures taken is needed. What has been clear from the analysis of all these violations in the past is the fact, that all violations have been carried out deliberately, internal controls were bypassed and visible warnings were ignored at least neglected.
For us a holistic compliance system means the definition, translation und assurance of application (control) of all laws, internal and external rules and regulations, specifications and accepted codes. In addition this discipline covers also controlling of potential risks and all compliance relevant measures. The complexity - and for some the beauty - lies in the detail of this task, because every compliance section (e.g. WpHG Compliance, Produkt-Compliance, Corporate-Compliance, Corporate Governance etc.) can and most often will affect all business lines, processes, systems policies / work instructions, all decision making and control systems and even projects of a company or institution.
In building or expanding compliance with rules and regulations we focus on the entire organization - structures and processes - in all affected areas. This is at the beginning a massive and challenging management task, which our experienced 4C experts are ready to take on together with our clients in all the described dimensions.
Our broschures for compliance
Our experts for compliance
Get in touch with us through Xing or LinkedIn
