Transcription of Integrity, Compliance & Ethics - EY
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Integrity, Compliance & EthicsCorporate Compliance is an essential element of good governance and a strategic priority for most organizations today. It should be no surprise that the current economic, regulatory, social and ethical climate, coupled with increasing stakeholder expectations regarding effective integrity and Compliance management, has propelled corporate Compliance to the forefront of corporate challenge of effective integrity and Compliance management Organizations realize the need to establish and embed principles of effective global integrity Compliance management into the fabric of their day-to-day business to keep them out of trouble, integrate sustainable approaches and drive better business performance. More than ever, boards and C-suite executives must respond to increasing pressure and scrutiny from stakeholders to provide tangible evidence that they are effectively addressing their Compliance risks from a corporate and individual speaking, Compliance includes both mandatory requirements such as laws and regulations and voluntary, company-specific requirements such as policies and procedures, public commitments, and contractual obligations
effort to design their governance, internal control, risk and compliance/ethics function. From a compliance point of view, it is critical to think about the integration and alignment of compliance as it relates to all risks relevant to your business. Key regulation and reputational risks that every business should consider include:
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