Building a Robust Compliance Program

Glossary of Key TermsCompliance: Adherence to laws, regulations, rules, policies, and ethical standards.Compliance Program: A structured system designed to prevent, detect, and address compliance violations.Risk Assessment: The process of identifying, analyzing, and prioritizing potential compliance risks.Policy: A formal statement of principles, rules, and guidelines that governs organizational behavior.Training: Educational programs designed to inform employees about relevant laws, regulations, and company policies.Monitoring: The ongoing process of observing and evaluating compliance with policies and regulations.Reporting: The act of communicating suspected or actual compliance violations to appropriate authorities.Internal Reporting: The act of communicating suspected violations to internal individuals.External Reporting: The act of communicating suspected violations to external individuals.Due Diligence: Reasonable steps taken by a person or organization to avoid committing an offence.Whistleblower: An individual who reports illegal or unethical conduct within an organization.Need Classes? Legal English innovation has several classes weekly, focusing on commercial law and other areas to help you communicate better with your clients.+57 320-315-4781 Follow us on Instagram!Friends on Facebook? Like us on Linked In?