Of rules and guidelines
The business world is becoming increasingly complex. Criminal law, antitrust law and regulatory requirements present companies with ever new challenges. To minimise business risks, companies require suitable and tailor-made concepts.
Compliance protects companies and the management because it increases sensitivity for doing business in consistence with the law. It protects the management from being accused of organisational negligence. Compliance helps avoid crises occurring due to real or alleged infringements of national or foreign law.
But compliance is meaningful even beyond that: if a crisis occurs, a well-working compliance system helps manage the situation. Following a breach of law, it helps the company stay in or return to business, for instance in preliminary
proceedings or when addressing allegations. A successful compliance policy supports a company in avoiding and overruling bans on submitting tenders and in enforcing its rights as aggrieved party of a criminal offence.