Every Move Matters: Play fair, be Compliant!
Legal Compliance
Every decision and action we take in the workplace has a significant impact on the company. Following the rules and regulations is crucial, not only for staying compliant with the law, but also for maintaining the integrity and reputation of our organization.
Think of compliance as your strategy in a board game round: planning ahead, following the rules, and making informed decisions. In the same way that one wrong move can lose the game, a lapse in compliance can lead to serious consequences for the company.
Have you heard about Legal Compliance before?
Countries such as the USA, Spain, France, Italy, Belgium, the Netherlands, and the UK hold companies criminally liable for certain offenses committed by their directors or employees, while others, like Germany, impose regulatory or administrative penalties instead. Sanctions vary by jurisdiction, with common penalties including fines, and in some cases, more severe consequences as disqualification from public tenders or even company shutdown. However, companies can often mitigate liability by demonstrating the effectiveness of their compliance programs in preventing criminal behavior within their management and workforce.
Modern Legal Compliance
Beyond merely reducing legal risks
It is now a core part of shaping corporate culture, reinforcing a strong ethical commitment to both legal requirements and voluntary standards. In response to these evolving trends, Tradebe is enhancing its global Legal Compliance Programme to unify and strengthen compliance efforts across countries and teams, with a particular emphasis on regulatory compliance.
Legal Compliant 3 main pillars
1. Global Compliance & Bussines ethics committee
A key element of the Legal Compliance Programme is its Committee, which manages the Compliance Officer role in a decentralized and collective manner.
The Global Compliance and Business Ethics Committee oversees compliance programs, develops policies, advises management, addresses audit findings, assesses risks, educates employees, resolves concerns, and manages Ethical Channel communications.
2. Ethical Code
Another cornerstone of the Legal Compliance Programme is the Code of Ethics, which outlines the principles and objectives for legal compliance within an organization. Tradebe has a Code of Ethics, which every employee is required to read, accept, and adhere to.
Find it available in One Tradebe!
3. Global Ethical Channel
It allows any employee to report breaches of internal or external regulations to the Compliance and Business Ethics Committee or Compliance Officers. The management of this channel may be outsourced to a specialized firm or partially delegated to other relevant departments.
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