LET US HELP YOU PUT YOUR HOUSE IN ORDER
Compliance is one of the terms that has topped the agenda in the media and in the board rooms of both private and public organisations in recent years. Put simply, compliance is about putting "your house in order". And of course, compliance is something that every business and organisation must have under control – but that can be easier said than done.
Focus on this issue has increased in recent years as a result of stricter and more detailed regulations from both the Danish Parliament and the EU with non-compliance triggering (heavy) fines and punitive charges etc. Not to mention the damage to reputation, waste of resources, loss of revenue, loss of investor trust etc. which a media "storm" can result in for an organisation accused of non-compliance.
How can we help you?
Our comprehensive experience and strong network give us an excellent overview of the typical pitfalls – and what you can do as an organisation to minimise the risks of fines and/or negative media coverage.
Based on this, we can:
- Review and validate your procedures and guidelines within corporate law, tax, HR, personal data, specific sector requirements etc.
- Advise on the easiest and most correct way to gain control of the necessary administrative procedures and reports from the outset – before a problem arises.
- Handle the regular reporting for you so you can focus on what you are best at.
- Help you handle the authorities and the press if damage has already been done and a problem has arisen.
- Advise on the fastest and most efficiently way to clean up and rectify the issue to minimise the damage if an issue has arisen.
Google, Facebook, the Internet, big data, profiling, ”the Cloud”... Data can be and is used – but everything that can be used can also be abused.
In legislation and the media, there is increasing focus on protecting the personal data of individuals. Both at national and EU level, the requirements for how businesses and organisations process personal data are becoming stricter, and the fines for non-compliance with the regulations are also rising.
We ensure that you are equipped to handle the new and increasing requirements for processing personal data, both in relation to customers and employees. We can help you conduct compliance audits within your organisation, ensure that you have good data processing agreements, whistle-blower schemes, carry out investigations and validations of whistle-blower reports, and handle applications and reports to authorities. We can also help you with how to best communicate with customers, suppliers and authorities about what you are doing in this area.
Corporate Social Responsibility (CSR)
The transition from Compliance to CSR is gradual.
As with compliance, CSR covers a range of circumstances and processes which businesses and organisations must have under control. However, the CSR contents are far more extensive and far more diffuse. Consequently, CSR also means addressing a large number of matters which are not actually statutory or regulatory requirements, but rather advisory guidelines based on intentions for the common good, such as principles pertaining to the UN Global Compact, human rights, the environmental and the working environment considerations etc.
We are all both suppliers and consumers. And we all want to know that the work we perform and the products we deliver make sense, make a positive difference to somebody and allow us to make a living. But we also want goods and services that are not produced on unfair and unsustainable terms and that do not support crime, bribery etc. – even if they take place far away from us.
The same applies when we act as consumers. Who fancies buying a T-shirt for DKK 40 when you know that only way such a low price is possible is that a five-year-old child has had to work under slave-like conditions, and the chemicals used to dye the fabric were dumped in the oceans?
More and more consumers are voicing their opinions – and their dislike – using their wallets to make a conscious choice about the products they choose to buy.
Businesses and organisations also need to be aware of this and take a stance.
In that connection, we can assist with:
- Determining which CSR principles you choose to adhere to and why. It is rarely possible to follow them all – that is too big a mouthful – but you can always choose to adhere to some.
- And in making that choice, it is important that you decide what matters most to you and your organisation.
- Establishing internal procedures and guidelines, so you can ensure and document that your choice of CSR is also realised.
- Ensuring that your CSR reporting is adequate, descriptive and timely.