• A compliance management system has to reflect and realize the compliance targets as set by the executive management.

 

• Every measure to be implemented is founded in a specific risk analysis of the relevant legal areas and business – national and international.

 

• Based on the results of the compliance risk assessment, the scope of relevant compliance programs and measures has to be defined, prioritized and implemented step by step.

 

• The compliance programs have to focus especially on prevention of compliance violations as well as on the appropriate investigation and remediation of compliance infringements.

 

• In order to allow executive management to adequately address existing risk weaknesses, compliance management needs to be accompanied by continuous monitoring and reporting.

 

• Compliance management is a self-learning system. Organized as a feedback-control circuit, it substantially helps reduce multiple legal risks.

 

 

A list of reference mandates is available for more detailed information