Compliance - significance for companies

The topic of compliance continues to be neglected in many companies. Today, compliance is no longer an option, but an obligation to successfully avoid criminal violations, horrendous fines and claims for damages by third parties.
The subject of compliance continues to be handled negligently in many companies. Today, compliance is no longer an option for companies, but a duty to be able to successfully avoid criminal violations, horrendous fines and claims for damages by third parties.

Ensuring legal compliance nevertheless poses significant challenges for companies due to the abundance of legal provisions and regulations. Entrepreneurs and managers are obliged by standards and legislators to have knowledge of important laws and to actively manage them.
 
According to existing ISO standards, companies are obliged to master, categorize and constantly review legally binding obligations.

The tool used here is the legal register, a list of legal regulations and rules to be observed by companies at European, federal and state level.

The legal requirements concern, among other things, environmental protection and occupational safety as well as product characteristics, for example standards or EC markings.

The legal register serves to guarantee legal certainty and forms the basis for internal and non-affiliated audits of the company.

Comprehensive documentation also includes regional obligations and, in particular, obligations entered into by company names.

For example

- Agreements with customers
- Commitments (Corporate Compliance)
- Voluntary agreements (e.g. emissions, energy balance)
- Agreements with industry associations
- Determinations with interest groups (e.g. environmental associations)
 
Within all this, legal registers help entrepreneurs and employers to comply with their legal obligations and to optimise the working conditions of their employees, e.g. in the course of the Occupational Health and Safety Act (ArbSchG).[1]

 

 

[1]https://www.domeba.de/arbeitsschutz/rechtskataster-erstellen/

 


05.11.2019