In order to operate a business effectively and ensure its development in accordance with legal requirements and international standards, it is necessary to take into account all risks associated with compliance.
WHY THIS IS RELEVANT
Effective compliance risk management is an important part of business, ensuring its sustainability, safety and growth. It can help a business cope with the changes and increasing complexity of the risks it faces, as well as demonstrate to stakeholders that there are clear business strategies for growth in the short, medium and long term.
WHEN IT MATTERS
Adopting a comprehensive approach to compliance risk management allows a business to take an objective view of its current and planned business activities in light of potential negative events or new opportunities, to anticipate risks and make informed decisions, to respond to risks in a timely manner, and to mitigate the negative impact of risks if they materialize.