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.
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, each company must operate compliance management today.
Rechtsanwalt Dipl.-Ing. Michael Horak, LL.M.
Enlarge to Compliance Department
Therefore, starting from a certain size of the company, it may be worth setting up a compliance department with several employees. A compliance department can handle complex compliance requirements and maintain the company's compliance security.
We're professionals. Use a first compliance consultation.
Advisory function of a compliance officer
Internal compliance officers are in an advisory role. The compliance officer communicates directly with the management and decides on important corporate issues.
Compliance in itself merely means that the applicable legal rules and recognised social values and standards are always respected within the framework of all business activities.
Rechtsanwalt Dipl.-Ing. Michael Horak, LL.M.
Active search for solutions
The goal of an internal compliance officer is to ensure that a company can achieve its business goals in compliance with all laws and regulations.
In contrast to external compliance advisors, the involvement of internal compliance officers in business decisions is therefore much more active.
Continue to develop. From a seminar for beginners to training on the path to becoming a compliance specialist, we offer various levels.
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What does a compliance officer do?
The Compliance Officer is responsible for compliance in a company. There are internal and external compliance officers. In both cases, the Compliance Officer identifies as an independent entity for compliance with the legal framework. In addition, the Compliance Officer is responsible for compliance management and the associated establishment of rules to comply with the legal framework. We...
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What is Compliance
Compliance in itself merely means that the applicable legal rules and recognised social values and standards are always respected within the framework of all business activities. Already in the light of the existing regulatory density for companies and entrepreneurs, cross-border activities, increasing regulation and especially special liability for management bodies, each company must now have compliance management...
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Compliance Officer or Compliance Department
Whether a compliance officer or even a compliance department is required depends on the size of the company. As long as the control and determination of all processes lies with a person in the form of the manager or owner, the company may refrain from a compliance officer. However, the more complex the company becomes, the more important is its own compliance department...
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Applying Labour Compliance Law
The target group of compliance matters are not only managing directors, personnel managers or compliance representatives but also employees of personnel, compliance and legal departments. The purpose of the implementation of compliance labour law is to ensure the feasibility of compliance goals. Due to the close interweaving of compliance law with labour law, the personnel departments of companies are forced to adapt their employment contracts in order to meet their compliance objectives.
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Deadly Sin 1: View Compliance Auditor as Opponent
A compliance auditor checks compliance with legal requirements or other guidelines in a private company or public institution during a compliance audit. The Chief Information Officer (CIO) is responsible for the information technology (IT) and computer systems strategies. An IT strategy is required to support the company's compliance goals. Companies are committed to the...
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7 Deadly Sins of IT Compliance
Although legal departments and risk management are mostly responsible for compliance, the IT department is also involved in compliance matters to ensure security. Thus, IT compliance is an important component of the compliance matter. The plethora of regulations regulating IT systems and data is growing. Lawyer Dipl.-Ing. Michael Horak, LL.M. Responsibilities of the Chief Information Officer regulations, data,...
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Death Sin 3: Preparing a Bad Working Group
Knowledge, skills, experience – too little of it in a working group brings problems. A Chief Information Officer (CIO) should necessarily create a highly qualified Compliance Working Group. Insufficiently prepared teams can even be risky. The CIO is responsible for the strategies in the fields of information technology (IT) and computer systems with the aim of achieving the objectives of the...
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Death Sin 4: Governance Structure Missed
Although companies control basic processes and controls, our experience often lacks governance structure. A good governance structure is designed to ensure risk coverage as well as the adaptation of their processes and controls to regulatory requirements. We are happy to advise you in IT compliance. Effects of a lack of governance structure Impacts of a structurally-free compliance governance can be the following: The corporate architecture becomes sluggish. Reactions to...
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Compliance managers are in demand
The demand for compliance managers is high. Qualified specialists in the area of compliance are constantly being sought. We're professionals. Use a first compliance consultation. Responsibility of the Compliance Manager As responsible for the legal conformity of all processes and business processes within a company, compliance managers are responsible for ensuring that the company's operations run in accordance with applicable laws and internal standards. The Compliance Manager actively monitors...
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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...