Companies must have a robust and up-to-date compliance program to help minimize risk of misconduct

Compliance programs exist to support an organization to act in accordance with the laws and regulations that apply to it and are most effective when tailored to a company’s risk profile.

Companies must have a robust and up-to-date compliance program to help minimize risk of misconduct. They can also serve to reduce the reputational damage and penalties faced by an organization if a breach has occurred.

As the global regulatory landscape becomes increasingly complex, navigating the various regimes and ethical considerations is challenging for many organizations. Because there is no single correct approach, organizations must invest time and resources into developing a program that is suitable to their specific industry and operational requirements in the jurisdictions where they operate.

This chapter seeks to assist by setting out the building blocks of all good compliance programs and the measures that organizations can take so that that their compliance program operates effectively.