Sanctions compliance challenges

Sanctions compliance challenges

For multinationals, one major and pressing challenge is compliance with sanctions regulations across various jurisdictions in which they do business. Sanctions change globally all the time. Companies need to be aware of hundreds of sanctions lists worldwide and these...
Reputation management risks

Reputation management risks

Reputational risk is an interesting term. Risk management professionals often define risk as an event that can cause some kind of damage. However, reputational damage is usually the result of an event, rather than the event itself. The consequences of reputational...
Cost of compliance

Cost of compliance

Cost of compliance refers to compliance costs in a broad sense. These include all the costs the company incurs to comply with industry regulations, management of compliance, risks and damages.  The regulations may concern, for example, tax reporting,...
Diversity

Diversity

Diversity and everyday life Diversity is about diversity in the workplace. Diversity is deviating from the norm in one way or another – because of age, gender, ethnic background, sexual orientation, religion, health or disability. It is about working through...
The importance of standards

The importance of standards

Standards are norms that create common ways of working. They facilitate, among other things, the compatibility of equipment, improve fair competition and at the same time make everyday life easier for industry and consumers. The standardisation process has laid the...