If a misconduct generally contradicts one's own morality and that of the environment, this can prevent wrong conduct. Values and rules that are commonly used in a society form morality. People see moral action as just and agree with it.
Purpose of morality
The ethical and moral values control the way people live in a society. Morality serves as a measure of social behaviour – both for dealing with one's own person and for the relationship to the environment. Morality, however, is by no means equivalent to right.
Controls and sanctions vs value compass
Whether controls and sanctions are as strong as the internal value compass is an interesting question in relation to compliance management.
Compliance violations are individual decisions.
Rechtsanwalt Dipl.-Ing. Michael Horak, LL.M.
Studies
Through studies, compliance research has found that controls and the risk of being caught have less influence on individual behaviour than the belief that misconduct fundamentally contradicts one's own morality and the environment.
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Conclusion
Whether with or without rules – people are social beings. They find it difficult to break away from their own value compass and that of their environment.
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Incentives in the Compliance Management System
We are represented throughout Germany. Visit our headquarters and our branches. An incentive is something that arouses interest. Incentives can motivate people to do something, for example in material or financial form. Our company law practice is not only at your side, but we support you in the implementation of compliance management as well as...
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Hidden values in the law
Practising compliance in a company does not mean adhering rigidly to paragraphs and regulations. Even if something is in accordance with the rules, it can still be immoral or immoral. This dilemma leads to compliance failing if it is directed solely at rules. As is well known, pure compliance management lacks a sense of enforcement of unknown values....
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Creating synergies through a culture of trust
Take a pinch of value-based compliance beginnings and a few standards-based compliance principles and we already have highly efficient compliance management for a company. In fact, both values and standards can strengthen a company's compliance management in a properly coordinated manner. Companies should therefore create a culture of trust and strengthen self-responsibility through compliance management. Values and standards should be in line with each other....
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External rules and one's own morality
If a misconduct generally contradicts one's own morality and that of the environment, this can prevent wrong conduct. Values and rules that are commonly used in a society form morality. People see moral action as just and agree with it. Purpose of morality In a society, ethical and moral values control the conduct of people's lives. Morality...
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Compliance Officer with Liability and Responsibility
With directors-and-officers insurance (directors-and-officers insurance, organ or manager liability insurance), a company can protect its compliance officer in the civil context. After all, the compliance officer is liable and responsible. A D&O insurance is a property liability insurance and belongs to professional liability insurance. The Chief Compliance Officer bears the highest liability risk. Lawyer Dipl.-Ing. Michael Horak, LL.M. Insurance A D&O insurance includes a company for its institutions...
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Become a compliance officer with experience
Business administration, computer science, law – who wants to become a compliance officer creates a good foundation with a legal, business or information science degree. The more professional experience a compliance officer presents, the more salary he can demand. Lawyer Dipl.-Ing. Michael Horak, LL.M. Gain experience A compliance officer should be familiar with the company in which he wants to perform the function as a compliance officer....
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Knowledge and skills of a compliance officer
Legal understanding, entrepreneurial understanding and security in the handling of data – these are the most important characteristics of a compliance officer. In addition, however, there is still further knowledge and skills that are among the requirements for a compliance officer. Strategic thinking is an ability that no compliance officer should lack. Lawyer Dipl.-Ing. Michael Horak, LL.M. We offer you a further education...
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First Compliance Steps of a Compliance Officer
The first compliance steps of a compliance officer include the establishment of a compliance management system. For some companies, compliance is something completely new and they are just familiar with taking first compliance steps. Other companies have already established a fully-fledged compliance management system. We're professionals. Use a first compliance consultation. Compliance Analysis The compliance officer first deals with...
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Internal Compliance Officer
The larger the company, the more comprehensive the compliance requirements. A single internal compliance officer can therefore be required quickly. Finally, compliance is branched out into all areas of the company where laws and regulations prevail. Already in the light of the existing regulatory density for companies and entrepreneurs, cross-border activities, increasing regulation and, in particular, special liability for management bodies, today...
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Compliance Officer as an interface
As an interface between the specialist departments and the management, compliance officers take care of the optimal flow of information between the company management and the specialist areas. From the differentiated competences to the different requirements for confidentiality, the officer must therefore take a look at everything. We are compliance professionals and support your legal affairs. Maintain legal compliance To ensure smooth business operations and legal compliance...