What is corporate compliance and whistleblowing?
Corporate compliance is a set of rules and procedures to ensure that your company operates in accordance with applicable laws and ethical standards. The aim is to prevent, identify and respond to any misconduct by employees and other workers. Prevention protects companies and their statutory bodies from legal and reputational problems. Most often, corporate compliance is implemented through the company's code of ethics and other internal regulations. Typical regulated areas such as corruption, criminal conduct, competition, data protection, incident reporting, cyber security, etc. are covered.
Whistleblowing is usually part of corporate compliance and involves a system that allows employees to safely report unethical or illegal behaviour within the company, with protection from retaliation. Then, from the end of 2023, it is mandatory to have an internal whistleblowing system for companies that employ 50 or more employees.
Who should implement corporate compliance?
Any company that wants to ensure compliance with the law and promote transparency and ethical behaviour. Clearly, then, any company with more employees should have corporate compliance in place.
What can we do for you?
- We will go through the regulations that affect you with you and create a compliance map.
- We will create a code of ethics tailored to your company and, if necessary, related internal regulations and rules.
- We'll help set up whistleblowing rules, a code for effective internal reporting and whistleblower protection.
- We will train your governing bodies and employees on ethical and legal standards.
- We will be available for any consultation on corporate governance issues.
What will we need from you to do this?
- Detailed information about your company, its structure, business area and existing processes.
- Collaboration with your team to ensure accurate and effective regulation and training.
How long will this take?
The implementation process typically takes approximately one to two months, depending on the size and specifics of your company.
Who have we already developed corporate compliance for?
We have developed and implemented a corporate compliance system for a company in the financial regulatory, construction or IT industries. References of our clients can be found here.
How much does it cost?
The price depends on the complexity and scope of your business. You will receive a specific written quotation from us after a telephone or personal consultation. We will help you. Contact us.
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