eloomi的动态

FY24-25-Q1 reminder to get your Internal Committee members training lined up. Conducting this training quarterly is critical for several reasons: Why you ask- 1/ Compliance and updates: Regulatory environments and compliance standards can change frequently. Quarterly training ensures that all employees are up-to-date with the latest requirements and best practices. 2/ Reinforcement of policies: Regular training helps to reinforce the importance of internal controls and keeps them fresh in employees' minds, reducing the risk of complacency. 3/ Risk management: Frequent training helps in identifying and mitigating risks promptly. Employees are better prepared to recognize and address potential issues before they escalate. 4/ Continuous improvement: Quarterly sessions allow for the ongoing assessment and improvement of internal control processes, ensuring they remain effective and relevant to the organization’s needs. 5/ Cultural integration: Regular training fosters a culture of accountability and transparency within the organization, which is vital for ethical business practices and decision-making. If you have not lined up the session for this quarter and the next, leave your details with us and speak to our in-house experts- https://lnkd.in/ggtmHght

Are you a #peopleleader and #workplacesafety champion? I am reposting this post for you. As a leader and a champion, it is our responsibility to build the culture of the organization. While talking about culture as a whole, it is important that we all start with the workplace safety aspects of the employees. To build and maintain that we have to be PoSH compliant and follow the necessary guidelines which include drafting policy, building an Internal Committee, and giving awareness sessions to IC, employees, and top management to maintain the harmony of the organization. Most of this would have been done. But there is an ongoing need here to stay proactive to be a workplace safety champion. Read the post of Pallavi Pareek and get expert help in establishing the same for your organization.

Did you know that nearly 60% of observed workplace misconduct is never reported, and only two-thirds of managers say they feel adequately prepared to handle a report, regardless of the issue? Today’s teams can no longer afford to have blind spots in (or between) their policy management, incident reporting, and employee training. See how creating one continuous, connected compliance lifecycle can help with: ?? Ethics Reporting Hotlines ?? Policy Management ?? Employee Training Platforms Learn more here: https://hubs.li/Q02n5bTW0

Very important topic would like to highlight today which is a culture of compliance within organization. Some organizations may have a robust policy , procedure and controls. However, a culture of compliance is absent . Employees often carry out their roles and responsibilities without a clear understanding of the compliance function relavant to their role. Firstly , the Board of directors and leadership must understand and appreciate the importance of the compliance function. This understanding will then reflect to all levels inside organization . Lacking a culture of compliance inside organization, resulting in a reluctant from employees to provide and exchange information with compliance team during a certain investigation. The internal audit function plays a crucial role in enhancing the compliance function inside organization by assessing the effectiveness of training standards and increasing employee awareness the importance of compliance in their roles. Lastly, Non- compliance could result in adverse legal consequences and pelntlies to the organization. Compliance is not solely the responsibility of compliance team; but every employee in the organization holds compliance responsibility relevant to their roles . #Complaince #educatingstaff #leadershiprole #raiseawareness #ongoingtraining #Powerofknowledge #AMG

?? Navigating Whistleblowing Legislation in Greece: A concise Step-by-Step Guide for your Company’s compliance with whistleblowing requirements under L.4990/2022 (“Whistleblowing Law”). In today’s corporate landscape, compliance with whistleblowing legislation is vital for transparency and accountability. The basic steps a Company should take to adhere to whistleblowing requirements under L.4990/2022 are outlined as follows: ·??Establishment of a system for internal reporting of breaches falling within the scope of whistleblowing legislation. ·??Selection of the appropriate communication channels for the receipt and handling of reports that best suits the Company’s needs. ·??Adoption of appropriate measures for the protection of whistleblowers in line with GDPR. ·??Selection and appointment of the “whistleblowing officer” responsible for the internal reporting channel. ·??Completion and submission of an electronic notification form for the appointment of the “whistleblowing officer” to the electronic platform of the Labor Inspectorate. ·??Provision of information to the Company’s employees in relation to the Company’s available reporting channels on a regular basis (especially in case of new recruitments). ·??Creation and implementation of an internal Whistleblowing Policy. ·??Conduct of on-going employee training/awareness seminars on whistleblowing procedures. At Karageorgiou & Associates, we guide companies to achieve compliance in every step of the above processes. Contact us for more information on how to implement an effective whistleblowing strategy and let’s safeguard your Company together!

Building A Culture of Compliance: Key Strategies for Corporate Integrity** Establishing a robust culture of compliance within an organization is paramount to ensuring long-term success and ethical integrity. Here are three essential ways to effectively integrate compliance into your corporate culture: 1. Leadership Commitment and Example: Leadership plays a critical role in setting the tone for compliance. When executives and managers demonstrate a strong commitment to ethical practices and regulatory adherence, it creates a ripple effect throughout the organization. This starts with clear communication of compliance policies and expectations, followed by leading by example. When employees see that leadership prioritizes compliance, they are more likely to adopt similar standards in their own work. 2. Comprehensive Training and Education: Continuous education and training are fundamental to embedding compliance into the corporate culture. This involves integrating regular training sessions on relevant laws, regulations, and ethical practices into the employee development programs. Effective training should be engaging and practical, providing employees with tools and scenarios to understand the importance of compliance in their daily roles. By keeping compliance knowledge current and relevant, organizations can foster a workforce that is both informed and proactive. 3. Open Communication and Reporting Systems: Encouraging open dialogue about compliance concerns and establishing secure, anonymous reporting channels are crucial for maintaining a culture of transparency and accountability. Employees should feel empowered to speak up about potential violations without fear of retaliation. Implementing mechanisms for reporting and addressing compliance issues promptly helps build trust and reinforces the commitment to ethical behavior within the company. Building a compliance culture is an ongoing process that requires dedication and effort at all levels of the organization. By prioritizing leadership commitment, investing in continuous training, and fostering open communication, companies can create a strong foundation of integrity and trust. #ComplianceCulture #CorporateIntegrity

10 Benefits of Compliance Training: Reduced risk of non-compliance, an inclusive work environment, defined organizational policies, are just a few big ones. Discover the direct impact of compliance training on your organization's success. https://hubs.li/Q02kmq-N0 #BenefitsOfTraining #ComplianceAdvantages #WorkplaceEthics

Why is Compliance Training Important? Discover how robust compliance training can shield your organization from risks, ensure legal adherence, and foster a sustainable workplace culture. Read more: https://hubs.li/Q02km96c0 #ComplianceTraining #RiskManagement #WorkplaceCulture

?? November is Compliance Awareness Month! ?? This month, we shine a spotlight on the critical role compliance and ethics play in creating strong, thriving organizations. Here's what it's all about: ? Raising Awareness: Educate employees about the organization's code of conduct, relevant laws and regulations, and available reporting mechanisms. ?? Recognizing Efforts: Acknowledge and celebrate the completion of compliance training and other related achievements. ?? Reinforcing Culture: Strengthen the organization's commitment to maintaining a culture of compliance and ethical behavior Many organizations use this month to conduct various activities such as training sessions, quizzes, and events to engage employees and emphasize the significance of compliance and ethics in the workplace. #ComplianceAwarenessMonth #Bizhaven #HR #WorkplaceCulture #Safety

Essential Elements and Best Practices for an effective compliance program With ever-evolving regulations and increasing scrutiny from stakeholders, companies must prioritise integrity and regulatory compliance to safeguard their reputation and mitigate risks. So, what are the key elements of an effective compliance program? Let's dive in: Communicate processes, standards, and procedures: To foster a culture of integrity, it's crucial to clearly communicate and reinforce the organisation's standards and procedures. Effective communication ensures that everyone understands their responsibilities and obligations. Designation of a compliance officer: The compliance officer oversees the ethics and compliance program, ensuring adherence to regulatory requirements and ethical standards. It's essential to appoint a trustworthy and competent individual who can lead with integrity and expertise. Employee Training and Education: Education and training are fundamental to instilling a culture of compliance throughout the organisation. From onboarding to regular reviews, employees should receive comprehensive training on the Code of Conduct, processes, and policies as they relate to various aspects of the compliance program. Audit and Monitor: Regular auditing and monitoring are essential to assess the effectiveness of the compliance program and identify areas for improvement. The compliance officer should focus on evaluating internal controls, practices, and relationships with third-party vendors to prevent fraud and misconduct. Efficient Reporting/Whistleblower Mechanism: Establish a formal whistleblower system that empowers employees to report incidents of wrongdoing anonymously and without fear of retaliation. Implementing a third-party reporting mechanism, such as anonymous hotlines, ensures transparency and accountability in addressing allegations of non-compliance. Discipline: Consistent enforcement of disciplinary measures is paramount to deter misconduct and maintain organizational integrity. Regardless of an employee's position, disciplinary actions should be fair, transparent, and proportionate to the violation. Failure to implement fair disciplinary measures can erode trust and lead to reputational damage. Looking to establish or enhance your company's compliance program? I'm here to help. Feel free to reach out to me for a consultation or to learn more about how I can support your compliance efforts. #Compliance #Ethics #RegulatoryCompliance #AML #CFT #Whistleblower #Training #Consulting #BusinessIntegrity #LinkedIn