Study On A Compliance Management Program

Posted by KM Loi & Associates on March 5th, 2020

If you are the stakeholder or a board member then you are responsible for the organization's governance and here there is no doubt you requires the very effective compliance management program and it is one of the most common agenda too. The compliance management programs play a vital role in ensuring the working environment is safe and also to meet certain regulatory requirements as per the industry standards ISO 37001.

What is the compliance management program?

The compliance management program is simply said to the compliance management system or shortly as CMS. The compliance management system is an integrated system that is comprised of the written documents, processes, functions, supplies, controls and tools that help the organization to go with the legal requirements and by this, they can also minimize the harm to the customers because of the violation law. The Anti-Bribery Management Systems sets out the requirements and also guides your management system. They are particularly designed to help the organization that is to detect, prevent and also to respond to the anti-bribery laws.

The compliance risk leads you to the potential for the losses and also the legal penalties when you are failed to meet the laws and regulations. The Compliance Management System Malaysia follows the strict rules to ensure the safety of the laborers working in the industries.

In most cases, the businesses should be completely intended to comply with the rules and law but still, it has compliance risks due to the many possibilities of management failures. Risk Management Malaysia has certain rules to be followed by the industries to prevent those compliance risks.

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KM Loi & Associates

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KM Loi & Associates
Joined: March 2nd, 2020
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