Study shows that problems of not being compliant cost almost three times more than doing it properly from the startMany companies view compliance programs as a headache — something they’re required to invest time and money in, but which produces little. A benchmark report from the United States shows that the opposite is the case. Investing in strong compliance programs saves money in the long run.The research report by Ponemon Institute LLC in Traverse City, Michigan, examines the real costs, both of setting up a proper compliance program and ofSEE DETAILS
Compliance is the set of norms, regulations, policies and guidelines established by the company, which aims to avoid, detect and treat misconduct. We already know how important compliance is to your company. But in this blogpost, we’re going to understand what really matters: the numbers. How much does a compliance program really cost your company?How much does it cost to not have a compliance program?Before we analyze the cost of a compliance program, it’s important to understand how much more you can spend by not having one. That way, youSEE DETAILS
The cases of corruption of great visibility involve the most important companies of the country. With the unfolding of these facts, corporations have been pressured to adopt a change of attitude towards this type of event. Thus, they have realized the need to protect illicit contracts. It is in this context that the good practices of conduct are highlighted, especially the so-called Compliance. An effective Compliance system is the assurance of the organization to guard against or detect attitudes contrary to the principles of ethics and integrity in business, everywhere andSEE DETAILS
Corruption scandals around the world show the importance of effective policies against criminal acts. In Brazil, more specifically, it is possible to follow the progress of judgments, which are becoming increasingly complex. These events culminated in the creation of the Anti-Corruption Law (Law nº 12.846 / 2013). With it, corporate accountability, whether in the civil or administrative sphere, becomes more objective when “harmful acts against the national or foreign public administration” are practiced.An exit found to protect itself from these possible processes is compliance practices. Compliance are instructions to followSEE DETAILS
Rio de Janeiro engineering company warns in its ads that it refuses requests for bribesThe Barbosa brothers tell that they do not stick queues and they get angry when they see a friend put some notinhas in the waiter’s pocket to obtain a differentiated treatment. They are also shocked when they hear of someone finding a cell phone on the floor and storing it quickly so as not to return it. The same when, in a party offered by them, they notice that a guest paid the service to serveSEE DETAILS
Despite their extreme importance, few companies use a good compliance program because they do not believe that it is necessary, and that is where they are wrong. Several current scandals around the country’s companies, such as the JBS leniency agreement, show that with a good compliance program this type of crime can decrease considerably. The leniency agreement is the “Awarded Deliberation” of the Legal Entities.According to the Consultor Jurídico Magazine, “the leniency agreement makes it convergent to mandatory adoption of compliance programs.” This statement makes explicit that companies that haveSEE DETAILS <span class="more-link-hov...