Compliance
What is (legal) compliance and why is it becoming increasingly important for companies?
Generally, legal compliance means that a company’s internal processes, legal actions, and contracts with third parties align with applicable legal standards.
Thus, legal compliance encompasses all the classic legal matters with which a company must deal, e.g.,
- General terms and conditions – Contract management
- Anti-corruption strategies
- Occupational health and safety – Workplace safety – Labor law
- Banking transactions – cash flows – money laundering prevention
- Data protection
- Corporate law – Capital market law – Corporate governance code
- Internal compliance culture and protection of whistleblowers
- AI (artificial intelligence)
- Minority protection – Prohibition of discrimination
- Product safety – Product liability
- Environmental protection – Sustainability
- Distribution systems and supply chains
We would like to limit ourselves to the most common cases of legal compliance in practice when addressing the following questions, insofar as individual legal compliance issues are not already covered in another area of expertise: These include data protection, occupational health and safety, money laundering prevention, supply chains, and whistleblowers.