Rethinking Compliance : Essential cornerstones for more effectiveness in compliance management

  • In the past Compliance Management has often failed, the Volkswagen emissions scandal just being one prominent example. Not everything has to be reinvented, and not everything that companies have done in the past regarding Compliance is wrong. But it is about time to think Compliance in new ways. What does “Compliance Management 2.0” really depend on? The following article aims at laying out the cornerstones for enduring effective Compliance which amongst others comprises sincerity and credibility and a moral foundation. Furthermore, the commitment and role model behavior of top managers and the training of line managers are crucial for the effectiveness of any Compliance Management System (CMS). Ultimately, for Compliance to function efficiently the efforts must be adequate for the respective company and realistic regarding the achievable goals.

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Metadaten
Author:Stephan GrüningerGND, Lisa SchöttlGND
URL:http://ul.qucosa.de/api/qucosa%3A16206/attachment/ATT-0/
ISSN:2365-3353
Parent Title (English):Compliance Elliance Journal, CEJ
Volume:3
Document Type:Article
Language:English
Year of Publication:2017
Release Date:2019/05/17
Tag:Compliance
Issue:2
First Page:3
Last Page:17
Open Access?:Ja
Relevance:Peer reviewed nach anderen Listungen (mit Nachweis zum Peer Review Verfahren)