Compliance Programs

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What are compliance programs?

Compliance programs (also called “compliance models”) are a set of policies, procedures, and actions that a company takes to identify and reduce the risks of breaking the Law, remedying potential violations, and generating a culture of compliance within the company.

Types of compliance programs

Since its purpose is to reduce the risks and consequences of non-compliance, companies develop compliance programs in various of its activities, depending on their special needs and exposure.

The most common programs are developed to cover, among others, the areas of anti-corruption, corporate governance, competition/antitrust, data protection, environmental, labor, and banking.

Benefits of having an appropriate compliance model

A robust compliance program will help the company demonstrate its commitment to respect the laws; better manage the risks of infringement; improve relationships with their customers and suppliers; develop a better reputation; and remedy or reduce the consequences of a possible infringement…

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