The document discusses the challenges that multi-national companies face in ensuring regulatory compliance across multiple jurisdictions. It outlines 7 tactics for companies to protect against fines and reputational damage from non-compliance: 1) take a proactive approach to compliance through clear policies, training, and infrastructure to disseminate regulations; 2) stay up to date on changing compliance regulations which can be challenging; 3) establish a compliance schedule and calendar to meet reporting deadlines; 4) scale compliance efforts by training other employees; 5) document all compliance activities; 6) promote transparency with stakeholders; 7) explore web-based compliance solutions to streamline processes like centralized records and forms. Compliance penalties are increasing so proactive efforts are essential to building global
CEO / CXO Architecture - The missing piece in your BI&A architectureCorporater
Most CEOs and CXOs are not happy with the BI&A initiatives. There is an apparent gap between what insights/information the top management needs from IT, and what is delivered. In this presentation, you will get critical insights into what a BI&A architecture should contain in order to close this gap.
This presentation will help you understand the specific core building blocks needed to reach business outcomes, and how the BI&A architecture can serve this purpose – all viewed from a CEO/CXO’s perspective.
8 Reasons Why You Need A Strategy Management SoftwareCorporater
There are many processes available to tackle your strategic plan, and there are a number of things that need to be done in order to achieve your strategy. For successfully executing strategy, you need a comprehensive platform that supports long and short term planning cycles - both strategic and financial.
Here are 8 reasons why you need to automate the strategy management process using specialized strategy management software.
Learn more about strategy management - http://bit.ly/2N2Tu9Z.
Request free demo - https://www.corporater.com
10 Observations on Using Technology for SMCR - Senior Managers and Certificat...Corporater
Many organizations are considering and evaluating the use of technology to map and manage the status of regulatory responsibilities for senior managers as per the FCA Senior Manager's Regime. Companies end up internally developing systems that do not meet best practices in technology, or using learning management systems or systems built for continuous professional development (CPD) to cover the regulatory requirements, or adopting a solution that cannot produce a comprehensive SMCR organogram that clearly visualizes the regime!
The 10 observations on how technology is being selected and utilized for SMCR will help you avoid the usual mistakes, and adopt technology in a way that it can play a critical role in both administering the regime and monitoring compliance. For more information on SMCR software that provides active management of regime responsibilities through powerful workflow, collaboration, and risk management capabilities, along with the ability to connect to other underlying HR, compliance, legal, risk or program management systems, please visit https://corporater.com/smcr
Acknowledgment:
Originally written by Jon Clare for the blog titled "Supporting SMCR with Technology- Ten Observations" published by Corporater on August 24, 2017. Read the full blog here - http://bit.ly/2lrEm99
IT Compliance: Shifting from Cost Center to Profit CenterGary Pennington
Top companies understand that a strong IT Governance and Compliance organization can actually accelerate business growth, increase competitive advantage, and be a catalyst for organizational change. This presentation provides insights, tools and guidance about structuring the IT Compliance organization as a growth accelerator. Learn the advantages of deploying an integrated framework to address multiple SOC1, SOC2, SOC3 and SSAE16 compliance requirements while mitigating risks and driving efficiencies. #SOC1, #SOC2, #SOC3, #SSAE16
Best Practices for Intelligent ComplianceBMC Software
How do you keep yourself from being a victim of the next hacking scandal? Move beyond compliance to intelligent compliance to close the Security/Operations gap.
CEO / CXO Architecture - The missing piece in your BI&A architectureCorporater
Most CEOs and CXOs are not happy with the BI&A initiatives. There is an apparent gap between what insights/information the top management needs from IT, and what is delivered. In this presentation, you will get critical insights into what a BI&A architecture should contain in order to close this gap.
This presentation will help you understand the specific core building blocks needed to reach business outcomes, and how the BI&A architecture can serve this purpose – all viewed from a CEO/CXO’s perspective.
8 Reasons Why You Need A Strategy Management SoftwareCorporater
There are many processes available to tackle your strategic plan, and there are a number of things that need to be done in order to achieve your strategy. For successfully executing strategy, you need a comprehensive platform that supports long and short term planning cycles - both strategic and financial.
Here are 8 reasons why you need to automate the strategy management process using specialized strategy management software.
Learn more about strategy management - http://bit.ly/2N2Tu9Z.
Request free demo - https://www.corporater.com
10 Observations on Using Technology for SMCR - Senior Managers and Certificat...Corporater
Many organizations are considering and evaluating the use of technology to map and manage the status of regulatory responsibilities for senior managers as per the FCA Senior Manager's Regime. Companies end up internally developing systems that do not meet best practices in technology, or using learning management systems or systems built for continuous professional development (CPD) to cover the regulatory requirements, or adopting a solution that cannot produce a comprehensive SMCR organogram that clearly visualizes the regime!
The 10 observations on how technology is being selected and utilized for SMCR will help you avoid the usual mistakes, and adopt technology in a way that it can play a critical role in both administering the regime and monitoring compliance. For more information on SMCR software that provides active management of regime responsibilities through powerful workflow, collaboration, and risk management capabilities, along with the ability to connect to other underlying HR, compliance, legal, risk or program management systems, please visit https://corporater.com/smcr
Acknowledgment:
Originally written by Jon Clare for the blog titled "Supporting SMCR with Technology- Ten Observations" published by Corporater on August 24, 2017. Read the full blog here - http://bit.ly/2lrEm99
IT Compliance: Shifting from Cost Center to Profit CenterGary Pennington
Top companies understand that a strong IT Governance and Compliance organization can actually accelerate business growth, increase competitive advantage, and be a catalyst for organizational change. This presentation provides insights, tools and guidance about structuring the IT Compliance organization as a growth accelerator. Learn the advantages of deploying an integrated framework to address multiple SOC1, SOC2, SOC3 and SSAE16 compliance requirements while mitigating risks and driving efficiencies. #SOC1, #SOC2, #SOC3, #SSAE16
Best Practices for Intelligent ComplianceBMC Software
How do you keep yourself from being a victim of the next hacking scandal? Move beyond compliance to intelligent compliance to close the Security/Operations gap.
A corporation must have social acceptance to survive and grow.
The society’s expectations change through:
1.- Changing population mix.
2.- Changing values and orientations.
Business performance changes through
1.-Economic, competitive, and structural conditions.
2.- Regulatory constraints.
3.- Futuristic, Long Term orientation.
4.- Leadership style
Assessing the Impact of a Disruption: Building an Effective Business Impact A...PECB
Many organizations have adopted the ISO 22301 standard for their business continuity management systems. Recently, ISO has released the new ISO 22317 Standard for Business Impact Analysis. In this webinar, learn about several different strategies to build an effective BIA that will help you advance your business continuity strategies.
Presenter:
This webinar was presented by Bryan Strawser, Principal Consultant & CEO at Bryghtpath LLC, who has more than 21 years of experience.
Link of the recorded webinar published on YouTube: https://youtu.be/19r2u3zJp1o
Top 5 Environmental Compliance Issues for Engineers and ManagersAll4 Inc.
Sally Atkins presents, "Top 5 Environmental Compliance Issues for Engineers and Managers", which covers the compliance issues facility engineers and managers are responsible for handling.
Integra: Attack of the Business Killing Monster (Infographic)Jessica Legg
Concepted infographic theme; developed copy; sourced and managed design resources for a business continuity and disaster recovery infographic.
Summary: North American businesses lose $26.5 billion annually to the downtime monster—that’s enough to kill off almost any business. How can you protect your business? Explore this disaster infographic to see how BC/DR planning can come to your rescue!
Recull de conceptes claus, comunicació i gestió digital Bernadette Farriol
Guió de la sessió de tancament sobre màrqueting i comercialització digital, per al curs de màrqueting i exportació per al sector de l'oli i el vi, dins del programa ENPI
Dated on 13-3-2013
PAIGHAM MADRE WATAN
DAILY URDU NEWS PAPER
PUBLISHING FROM NEW DELHI
9899714208. 954008292
EMAIL.
paigammw@gmail.com
paigammw@yahoo.com
Presentation in Norwegian. Will make English edition on popular demand.
Min oppsummering av SXSW Interactive 2015. Har fokusert på det som er relevant for min jobb og arbeidsplass, Bonnier Media. Men også forsøkt å inkludere noen punkter om trender og hva festivalen hadde i fokus i år.
En vesentlig det av presentasjonen går på innhold, distribusjon og markedsføring for medieselskaper med mye lærdom fra BuzzFeed, Mashables og Refinery29.
A corporation must have social acceptance to survive and grow.
The society’s expectations change through:
1.- Changing population mix.
2.- Changing values and orientations.
Business performance changes through
1.-Economic, competitive, and structural conditions.
2.- Regulatory constraints.
3.- Futuristic, Long Term orientation.
4.- Leadership style
Assessing the Impact of a Disruption: Building an Effective Business Impact A...PECB
Many organizations have adopted the ISO 22301 standard for their business continuity management systems. Recently, ISO has released the new ISO 22317 Standard for Business Impact Analysis. In this webinar, learn about several different strategies to build an effective BIA that will help you advance your business continuity strategies.
Presenter:
This webinar was presented by Bryan Strawser, Principal Consultant & CEO at Bryghtpath LLC, who has more than 21 years of experience.
Link of the recorded webinar published on YouTube: https://youtu.be/19r2u3zJp1o
Top 5 Environmental Compliance Issues for Engineers and ManagersAll4 Inc.
Sally Atkins presents, "Top 5 Environmental Compliance Issues for Engineers and Managers", which covers the compliance issues facility engineers and managers are responsible for handling.
Integra: Attack of the Business Killing Monster (Infographic)Jessica Legg
Concepted infographic theme; developed copy; sourced and managed design resources for a business continuity and disaster recovery infographic.
Summary: North American businesses lose $26.5 billion annually to the downtime monster—that’s enough to kill off almost any business. How can you protect your business? Explore this disaster infographic to see how BC/DR planning can come to your rescue!
Recull de conceptes claus, comunicació i gestió digital Bernadette Farriol
Guió de la sessió de tancament sobre màrqueting i comercialització digital, per al curs de màrqueting i exportació per al sector de l'oli i el vi, dins del programa ENPI
Dated on 13-3-2013
PAIGHAM MADRE WATAN
DAILY URDU NEWS PAPER
PUBLISHING FROM NEW DELHI
9899714208. 954008292
EMAIL.
paigammw@gmail.com
paigammw@yahoo.com
Presentation in Norwegian. Will make English edition on popular demand.
Min oppsummering av SXSW Interactive 2015. Har fokusert på det som er relevant for min jobb og arbeidsplass, Bonnier Media. Men også forsøkt å inkludere noen punkter om trender og hva festivalen hadde i fokus i år.
En vesentlig det av presentasjonen går på innhold, distribusjon og markedsføring for medieselskaper med mye lærdom fra BuzzFeed, Mashables og Refinery29.
Regulatory rules and requirements are constantly changing, making compliance a moving target. This is particularly true in terms of those that impact information security and, increasingly, data security in the cloud. At the same time, regulators are asking for greater transparency and more detailed documentation, stepping up enforcement of the various rules and requirements and raising penalties for noncompliance.
How an Organization Can Elevate Compliance Standards360factors
A properly designed and effectively executed compliance program is critical for enhancing and validating company performance and reducing compliance risk. However, the efficacy of a compliance program depends on whether it is a paper program or is integrated within the company and used almost daily.
To elevate compliance standards, organizations can follow the below-mentioned practices:
• Understand the Requirements
• Identify and Assess Compliance Program
• Create Transparency
• Ensure Operational Compliance
• Resolve Problems and Issues
For more details: https://bit.ly/3REefMr
How to integrate risk into your compliance-only approachAbhishek Sood
Information security policies and standards can oftentimes cause confusion and even liability within an organization.
This resource details 4 pitfalls of a compliance-only approach and offers a secure method to complying with policies and standards through a risk-integrated approach.
Uncover 4 Benefits of integrating risk into your compliance approach, including:
Reduced risk
Reduced deployment time
And 2 more
Compliance Tracking includes the methodical monitoring of an association’s adherence to relevant regulations, guidelines, and interior approaches. This cycle intends to guarantee that all parts of the business work within the legal and moral limits laid out.
The Berkeley Publisher helps you comply with business rules and the approach of these rules. By translating complex legislation concerning compliance in an online app, you can easily check whether you adhere to the current business rules.
The Importance of Documentation Organization in Business.pdfTask Train
In this blog post, we will explore the significance of documentation organization in business, highlighting the benefits it offers and the tools available, such as SOP training software, to streamline the process.
In today's business landscape, organizations are faced with a multitude of compliance obligations. Even for small and medium-sized enterprises (SMEs) operating in the formal sector, the number of compliance requirements can easily surpass 400. Navigating through this intricate web of regulations can be an arduous task, often leaving businesses grappling with the challenge of maintaining complete visibility over their compliance obligations. Without a robust system, organisations may find themselves caught in constant firefighting, where compliance teams struggle to keep up with pending obligations. This not only increases the risk of non-compliance but also exposes businesses to elevated costs and potential penalties. To effectively manage and mitigate compliance risks, businesses need a powerful tool at their disposal—a compliance database. In this blog post, we will explore the importance of a compliance database and why it has become a necessity for businesses operating in today's complex regulatory environment.
ComplyGlobal is a cloud-based global compliance management software to manage your risks proactively. Contact us to streamline your compliance management. You can visit our site on http://www.complyglobal.com/
ComplyGlobal is a cloud-based global compliance management software to manage your risks proactively. Contact us to streamline your compliance management.
Compliance Software For Proactive Compliance Management | ComplyGlobalKailash Shah
ComplyGlobal is a cloud-based global compliance management software to manage your risks proactively. Contact us to streamline your compliance management. They have many type of solutions software available such as hr compliance software, regulatory compliance software, payroll compliance software, and many more. You can visit the website for more information: http://www.complyglobal.com/
Introduction to IT compliance program and Discuss the challenges IT .pdfSALES97
Introduction to IT compliance program and Discuss the challenges IT divisions face in achieving
regulatory compliance? Discuss detailed plan which includes initiating, planning, developing and
implementation of IT compliance?
Solution
Answer:
IT compliance program
Compliance is either a condition of being as per built up rules or determinations, or the way
toward winding up so. Programming, for instance, might be produced in Compliance with details
made by a principles body, and after that sent by client associations in Compliance with a
merchant\'s permitting assertion. The meaning of Compliance can likewise include endeavors to
guarantee that associations are maintaining both industry directions and government enactment.
Duty
Duty by the overseeing body and senior administration to compelling Compliance that pervades
the entire association.
The Compliance approach is adjusted to the association\'s system and business targets, and is
supported by the overseeing body.
Suitable assets are assigned to create, execute, keep up and enhance the Compliance program.
The overseeing body and senior administration embrace the targets and technique of the
Compliance program.
Compliance commitments are recognized and evaluated.
Execution
Obligation regarding Compliance results is obviously explained and doled out.
Fitness and preparing needs are distinguished and routed to empower representatives to satisfy
their Compliance commitments.
Practices that make and bolster Compliance programs are supported, and practices that bargain
Compliance are not endured.
Controls are set up to deal with the distinguished Compliance commitments and accomplish
wanted practices.
Observing and estimating
Execution of the Compliance program is observed, estimated and written about.
• Improving IT framework with the goal that more successive information is accessible
for certain hazard zones (credit hazard and liquidity chance)
• Process upgrades to foundation in order to lessen dependence on manual workarounds
and to mechanize collections
• Simplifying current IT engineering and information streams crosswise over divisions
and legitimate substances to streamline the total procedure and to empower snappy
conglomeration of hazard information amid times of pressure
• Ensuring that predictable and coordinated information scientific classifications and
lexicons exist at the gathering level, and all through the association
• Identifying and characterizing \"information proprietors\" to enhance responsibility.
Compliance is a common business concern, incompletely as a result of a regularly expanding
number of directions that expect organizations to be cautious about keeping up a full
comprehension of their administrative Compliance prerequisites. Some conspicuous controls,
guidelines and enactment.
As directions and different rules have progressively turned into a worry of corporate
administration, organizations are turning all the more every now and again to specific
Compliance p.
7 steps to build an effective corporate compliance strategyMaarten BOONEN
The world around us is changing rapidly as it's hard to stay on top of it all and be successful at the same time by respecting compliance rules, like we are all facing. This webinar is a ramp up and awareness session to Corporate Compliance Strategy
India is the new start-up nation! With third highest start-ups launched in the world after US and UK in the year 2015. To build the investors’ confidence and brand reputation, to drive the top line growth and protect the bottom line, it’s imperative for any start-up to be ready! As startup our plan should focus all three aspects of a business i.e. Commercial, Financial and Compliance.
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Skye Residences | Extended Stay Residences Near Toronto Airportmarketingjdass
Experience unparalleled EXTENDED STAY and comfort at Skye Residences located just minutes from Toronto Airport. Discover sophisticated accommodations tailored for discerning travelers.
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[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Accpac to QuickBooks Conversion Navigating the Transition with Online Account...PaulBryant58
This article provides a comprehensive guide on how to
effectively manage the convert Accpac to QuickBooks , with a particular focus on utilizing online accounting services to streamline the process.
Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
Is your company risking Non-Compliance
1. IS YOUR COMPANY RISKING NONCOMPLIANCE?
7TACTICS TO PROTECT AGAINST FINES AND
REPUTATIONAL DAMAGE
2. www.complyglobal.com
In a Mondaq article titled,“The Consequences Of Non-Compliance In Global Business,” authors Richard
Cantor and David Lewis of BDO International shed some light on the main factors that are making it difficult
for you to stave off the risks of noncompliance:
“Compliance regimes can be simple or complex, but more than anything they are varied.
Furthermore, many territories change their filing regulations frequently, and without a
contact in the country, it can be difficult to keep abreast of these changes. Therefore, the
highest barriers to a truly centralised finance function are the problem of scalability, and
the continued need to rely on local expertise. Without that key local knowledge, businesses
can run foul of laws entirely unintentionally – but the consequences could still be strict.”
Without a proper approach to organizational compliance, you risk not only incurring compliance fines, but
also permanently damaging your reputation.
The following seven steps are critical elements of managing the compliance regulations impacting your
business as well as reducing the risk of fines, penalties and reputation damage from compliance violations
in global operations.
Compliance challenges for multi-national companies are becoming more
complex on a daily basis. Government authorities in many countries continue to
increase their monitoring of compliance and are accessing fines and penalties
more frequently. The related funds are often an important element of what these
companies require to sustain their various activities. In this ‘new normal,’ building
the capability to adhere to continuously evolving regulations is essential. Your
ability to succeed in growing business abroad hinges on many factors, but this is
clearly a key factor.
3. www.complyglobal.com
1.UNDERSTAND THE
NEED FOR PROACTIVE
COMPLIANCE
Proactive compliance is your greatest tool to
combat noncompliance. There’s a significant
difference between reacting to compliance
violations when they occur and taking steps to
avoid these violations. In many cases, regulators
will be much more punitive when a violation
occurs and they believe the company has not been
proactive. In general, being proactive involves
steps such as:
• Establishing clear policies and procedures that require company personnel to follow all
applicable rules and regulations
• Communicating those policies and procedures, in local languages, to company personnel in
global locations
• Conducting both initial and ongoing training to be sure company personnel understand
applicable rules and regulations
• Having appropriate infrastructure in place to: disseminate applicable rules and regulations to
your various global jurisdictions; address compliance questions as they arise (e.g., a help desk);
and monitor compliance activities as they occur and, more importantly, when they don’t occur
It’s nearly impossible to stay compliant when tasked with meeting compliance deadlines only weeks
in advance. Staying compliant and avoiding costly fines takes a proactive, streamlined approach to
global compliance. Proactive compliance is a marriage between understanding the current compliance
requirements of each of your legal entities and managing steps your people are taking to comply with
those requirements, including maintaining a calendar of compliance reporting deadlines.
2.STAY CURRENT ON COMPLIANCE REGULATIONS
As Cantor and Lewis detailed, compliance regulations are in constant flux. It can make staying up to date
incredibly challenging – but essential nonetheless.
When you’re operating in a global market,acquiring companies,merging with others or investing in new entities,
it’s difficult to know all that you must comply with,and what those regulations are.You must have a means by
which you understand everything required of your organization and how you need to fulfill those requirements.
4. www.complyglobal.com
In the case of mergers and acquisitions, your most
realistic options are outsourcing your compliance
management to a consulting firm or leveraging
a software solution that identifies compliance
updates for you.
3.ESTABLISH A
COMPLIANCE SCHEDULE
AND STICK TO IT
Learning the most current regulations is step one,
but your knowledge means little if you’re unable
to meet your reporting deadlines. Invest in an
organizational compliance calendar. A tactical
schedule is foundational to proactively complying
with global regulations on your operation.
The most effective compliance calendar is technologically driven and intuitive, empowering you to work
as far ahead of scheduled deadlines as possible. A smart calendar is self-maintaining, meaning it auto-
populates compliance demands and updates your compliance schedules without need for your oversight.
While fundamental, creating a proactive compliance calendar is only one part of the solution. You must
adhere to the schedule outlined by your calendar to ensure that nothing is overlooked. Make sure your entire
team is working with this calendar in mind, tackling the scheduled tasks and monitoring it frequently to stay
ahead of upcoming events.
4.SCALE YOUR COMPLIANCE EFFORTS
Understanding the ins and outs of your organizational compliance efforts is critical, but you must invest
in backing up your compliance roles. Training other team members to manage and fulfill your compliance
demands not only gives you extra resources to handle these requirements should an assigned individual
be unavailable, but also provides additional sets of eyes to monitor your global compliance calendar and
remain proactive. Educate others on your team about your compliance processes and ensure that there are
always human safeguards against noncompliance.
5. www.complyglobal.com
5.DOCUMENT EVERYTHING
Documentation is critical to proper compliance.
You must document everything to prepare for the
possibility of being audited or having to train new
hires on your processes. Secure documentation
is essential to legal diligence and a safeguard to
address regulators’ questions when searching for
evidence of noncompliance.
Advancements in web-based compliance solutions
have led to the prominence of cloud technology.
Storing all of your documents in a cloud database
is ideal, giving your team safe access to compliance
information from anywhere across the globe.
6.PROMOTE TRANSPARENCY
Stricter compliance penalties now include personal liability. You, other management members and your
board may be held personally responsible for compliance violations. They need to be fully aware of your
current efforts to avoid any violations.
Provide regular updates on your global compliance practices and frequent snapshots of your compliance
calendar. These snapshots should be tailored to share only relevant information with your various internal
stakeholders. Transparency offers peace of mind to everyone responsible for compliance, whether they’re
managing compliance regulations daily, proving compliance in the event of a merger or acquisition or
answering to regulators regarding your overall compliance picture.
7.EXPLORE WEB-BASED OPTIONS
Cloud-based compliance solutions streamline many of the time-intensive aspects of proactive compliance,
such as creating a calendar and monitoring global compliance regulations. With digitized records, forms and
files, exhaustive paperwork is unnecessary. Your time is better utilized managing your compliance efforts and
helping your business grow rather than executing tactical demands.
The fear of noncompliance and its consequences is understandable – but noncompliance is preventable. Enact
these principles of proactive compliance and you’re more likely to succeed in building a global business.
6. www.complyglobal.com
Interested in learning more about how to
improve your organizational compliance efforts?
Contact ComplyGlobal today to learn how to
start on the path to proactive compliance.
www.complyglobal.com