Complying with applicable legislation and governing organisations in a responsible and sustainable manner are two of the biggest challenges in a rapidly evolving landscape.
Compliance consists of conforming to the laws and whatever internal rules that the organisation has enforced (codes of conduct, codes of ethics, etc.).
The reform of the Criminal Code in 2015 was just what was needed to raise awareness within many organisations of the need to correctly manage compliance. Failure to comply with the law can have significant consequences, not only for the individuals who commit the crime, but also for legal entities.
Therefore, management models need to be implemented with a view to creating a preventive culture that prevents crimes from being committed and reduces the risk of non-compliance by organisations. Risk is inherent in any activity, in fact, it is inevitable. The key is to identify and minimise the risks of non-compliance effectively.
Social responsibility goes beyond legal compliance, as it consists of voluntarily integrating social, economic and environmental concerns into the organisation’s activities and its relationship with its stakeholders.
Social responsibility is based on two fundamental concepts: DIALOGUE AND TRANSPARENCY with all the groups or collectives that interact with the organisation, known as stakeholders.
We refer to it as dialogue and not negotiation, as what is sought is the maximum benefit for both parties. Transparency means putting all the information that is useful in the dialogue process on the table.
Based on this dialogue, we can identify the aspects that are most important to the stakeholders and that are aligned with the organisation’s strategy. Aspects that meet these two premises and the results of which are not entirely satisfactory are the source of improvement projects within the organisation. This is how the organisation’s future actions and investments are prioritised. In short, we are creating long-term value and ensuring the future of our companies.
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Below you will find opinion and analysis articles written by our professionals related to the Social responsibility and compliance Practice.