compliance in the workplace fundamentals

Compliance Fundamentals: 11 Best Practices For Employees

who this class is for

Employees and managers

Test your knowledge with a quick test and earn a free micro-certificate

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About this micro-class

Compliance is a critical aspect that ensures all employees adhere to laws, regulations, and internal policies, fostering a culture of ethical business conduct.

Compliance Fundamentals

1. Understand the Regulatory Landscape

Stay informed about industry-specific regulations and laws affecting your business.

Regularly update yourself on changes in legislation that may impact your operations.

2. Company Policies

Familiarize yourself with your company’s code of conduct, policies, and procedures.

Ensure you and your team strictly adhere to these guidelines in all business activities.

3. Ethical Decision-Making

Encourage ethical decision-making at all levels of the organization.

If faced with a dilemma, consult your compliance officer or your manager for guidance.

4. Training and Awareness

Participate in compliance training programs regularly.

Disseminate knowledge about compliance within your team to ensure everyone is well-informed.

5. Risk Assessments

Conduct periodic risk assessments to identify potential compliance risks.

Mitigate identified risks through proactive measures and continuous monitoring.

6. Record-keeping and Documentation

Maintain accurate and complete records of transactions and compliance activities.

Proper documentation is crucial for audits and demonstrating adherence to regulations.

7. Third-Party Due Diligence

Before engaging with external partners, suppliers, or vendors, conduct due diligence to ensure they meet your compliance standards.

Regularly assess their ongoing compliance performance.

8. Whistleblower Protection

Understand the importance of whistleblower protection in your organization.

Ensure that employees feel safe reporting concerns without fear of retaliation.

9. Data Privacy

Adhere to data protection laws and regulations.

Safeguard sensitive information and implement necessary security measures.

10. Audit and Monitoring

Support internal and external audits with transparency and cooperation.

Regularly monitor compliance metrics and key performance indicators.

11. Crisis Management

Be prepared for potential compliance crises.

Develop and regularly test crisis management plans to respond effectively.

Test your knowledge with a quick test and earn a free micro-certificate

Shop for etiquette, behavioral, and contextual signs

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