The importance of compliance in the management of companies

Compliance is one of the sectors that is currently growing the most in large and medium-sized companies because, in a world where social media replicates any type of organizational or operational error/noise very easily, the sector needs to avoid that occurrences such as these generate damages to the company. 

 The importance of quality management, which monitors compliance with internal and external standards and, above all, anticipates risks, is becoming increasingly evident.

After parking the car, for example, we lock it to prevent robbery, we activate the cellular alarm before going to sleep so as not to be late at work, that is, we are all the time preventing ourselves. Compliance does the same.

Besides risk assessment, compliance makes regulations on the mission, vision and values of the company, discusses the policy, establishes a code of conduct, makes internal controls and understands external policies to adapt the company to the demands of the clients. 

Mariana de Nigris, compliance of the law firm Caminha Barbosa e Siphone cites that one of the great challenges of the department is to ensure the security of customer data that has been made available and filed online, if any information somehow "leaks" it is the company that will be held responsible for the occurrence. Google, for example, paid a fine of 5 million euros in France for failing to comply with the data protection law, GDPR, the regulation of European law on privacy and protection of personal data.

Therefore, it is of utmost importance that the company walks efficiently and, above all, sets goals for employees to follow as well.

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