“Early Identification of Compliance Risks at Representative and Branch Offices: Development of Remote Compliance Management”
April 8, 2015
9.30 – 14.00
In global economic environment, the multinational companies are frequently facing intrinsic extraordinary cultural and business practice traditions in the countries of presence that do not fit in the pattern of common business standards. World market expansion, development of branch and representation network, increase in number of contractors – it all increases compliance risks. These risks are equally crucial in every region of presence for an MNC since if occurred the impact on the company will be equally negative, while the economic potential varies for different regions. In other words, the negative effect of confirmed corporate fraud is equally significant for a 2%-profit region as well as for a 20%-profit region in the context of compliance practice. Therefore early identification and prevention of misconduct risks in all branches and representative offices is essential for compliance officers, as well as development of effective fraud management in relation to contractors’ work irrespective of the region.
However you can’t allocate a compliance manager for each contractor, neither can you set up a compliance section at each regional affiliate or production facility. So, what is the way to establish the early identification and management of compliance risks so that it worked efficiently though in a distance? What is the way to ensure timely informing the headquarters of misconduct by a contractor or an affiliate employee?
We would like to invite you to discuss these issues at the Round Table “Early Identification of Compliance Risks at Representative and Branch Offices: Development of Remote Compliance Management”.
Participation is free of charge
Registration: Helen.email@example.com (Elena Abramova)
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