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CSRD – what is coming?

CSRD – what is coming?

CSRD means The Corporate Sustainability Reporting Directive, which concerns the disclosure of corporate sustainability information. New rules will apply to corporate sustainability reporting. The CSRD will apply from 1st of January 2024 for large public interest...

The code of cybersecurity

The code of cybersecurity

Let's start with one of the biggest truths in cybersecurity; technology is not the problem - the people using it is the problem. Some argue that technology is flawed, or that it can become flawed. However, for most of the time, technology works exactly as it is...

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 often...

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...

Management of qualifications

Management of qualifications

Qualifications are the educational and other skills required for different jobs. A qualification could be narrowly defined as training consisting of one or more elements, which, when completed, is called a qualification by the training provider. Typically, such...

Risk management

Risk management

Risk management is an essential part of good management practice. It is often part of financial management, and separately also part of quality management. Risk is always an element of uncertainty (opportunity or threat), and risks are an inevitable part of doing...

The importance of reporting is growing all the time

The importance of reporting is growing all the time

Reporting plays a key role in business, allowing you to see what has happened. What has worked and how different activities have interacted. Reporting also often predicts what is likely to happen in the future and provides the key to foresight. Reporting has been one...

Change control

Change control

Change control is a typical part of traditional quality management in highly regulated industries. Change control refers to changes in processes, equipment or, for example, raw materials that may have an impact on product quality or affect regulated parts of the...

Business in the teeth of Russian Sanctions

Business in the teeth of Russian Sanctions

Russia's military actions in Ukraine and the resulting sanctions are affecting many businesses now and in the future. The new sanctions were adopted by European Union member states in the beginning of April. Russia's aggression against Ukraine has led to a large-scale...

Sanctions

Sanctions

The UN Security Council can impose economic and other sanctions to maintain security and international peace. Sanctions are defined as the restriction or suspension of economic or commercial cooperation, including transport, communications or diplomatic relations with...

Greenwashing

Greenwashing

Greenwashing is currently on an unfortunate upswing. The term refers to a situation where companies use "green PR" or "green marketing" to create the misleading impression that their products or services are environmentally or socially responsible. Consumers are...

Socially conscious management

Socially conscious management

Socially conscious management has increased in recent years. It is based on accountability and transparency that goes far beyond the obligations to shareholders. In these cases, managers align the vision of the company with the values of its employees. They take...

Can Al replace the compliance professionals?

Can Al replace the compliance professionals?

The controversy over the replacement of people in the workplace caused by technology and automation is not just a modern-day issue, it has a long history. Around a century ago, when Henry Ford introduced his automated assembly line, he met much fearful disdain from...

NordCheck visiting Tech Swindon Summit 2020

NordCheck visiting Tech Swindon Summit 2020

CEO and Founder of NordCheck Janne Järvenoja has been invited to a panel discussion at Tech Swindon Summit 2020. He will be discussing his story as a founder, how 2020 has been, and what are the plans for 2021.  Janne has an extensive compliance background with...

Right tools bring corporate responsibility to life!

Right tools bring corporate responsibility to life!

In the 2000s, corporate responsibility has shifted from mandatory polishing of corporate image to a strategic competitive advantage for companies. However, a lot remains to be done. Corporate responsibility should be converted from fine words to concrete action and...

Excel is The Wrong Tool For Risk Management

Excel is The Wrong Tool For Risk Management

Our experience is that Excel is still playing a strong role as a risk management tool even among enterprises. When it comes to compliance, it is often managed by one individual who knows it inside out. This is surprising. Although Excel is in many terms an excellent,...

Compliance Management equals Information Management

Compliance Management equals Information Management

Managing Compliance, Responsibility, and Sustainability refers to the ability of a company and an organization to manage key business and key organization processes. An organization acts responsibly when it operates in accordance with the laws and regulations of its...

Five Most Important Learnings of a Newcomer

Five Most Important Learnings of a Newcomer

It has been a bit more than 5 months now since I heard the call for action in the form of a job opportunity as a first tech recruit in a startup. The thought of joining a fresh company did not sound too intimidating, quite the opposite actually. I will, however, say...

Compliance explained in plain language

Compliance explained in plain language

Today’s society is filled with different terms and definitions which are multi-faceted and difficult to explain in an understandable way. This is true especially in working life where different words pop up in the daily conversation, but do people really know how to...

Boost Compliance Management with ISO 19600 Standard

Boost Compliance Management with ISO 19600 Standard

Have you noticed that something is missing? Are you confident with your company’s compliance processes? There’s a great potential available for companies struggling with compliance matters and willing to get added value to their operations and existing certification...