Compliance

Companies find themselves subject to ever more extensive and specific legal and regulatory requirements. Having to comply with them, i.e. being compliant, seems self-evident. However, ensuring that all levels of staff comply with these regulations on a permanent basis is a demanding task for company management. This requires a systematic approach with the help of the establishment and maintenance of a so-called compliance management system (CMS).

Current case law shows that this is not a “fashionable topic” and only addresses large capital market-oriented companies: Compliance requirements, such as the national and European requirements on whistleblower protection, supply chain due diligence and ESG (Environment, Social, Governance) address companies of all types, sizes and ownership structures.

An effective CMS secures these benefits for you:

• a CMS offers protection against liability of the company and its management that could threaten its existence
• a CMS safeguards the integrity of the company by providing a transparent structure that is visible in the market to contractual partners, financiers and authorities to minimise potentially illegal behaviour, and
• a CMS provides the privilege of being an attractive employer and contractor.

A CMS must be known and accepted within the company and requires the development of a compliance culture. In line with the company’s objectives, the purpose and implementation of compliance must be bindingly defined within the company. An organisational structure with clear competences and areas of responsibility as well as the analysis of company-specific compliance risks lead to an implementation programme with strategies, rules and procedures. The communication of compliance to all levels of staff is just as imperative as continuous controlling.

BATTKE GRÜNBERG supports you in the development and coordination of a fully comprehensive compliance system. Through our interdisciplinary consulting spectrum, we have your entire company in view.