Blog

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...

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 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 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...

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...

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 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...

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 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...

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...

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 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...

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...

In the aftermath of the interest rate pandemic, managers need to reassess what their vital stakeholders are and broaden their understanding of this. As a social structure, organisations have a duty of care that extends beyond stakeholders. If the needs of key...

The NordCheck team has gotten a new addition. The newly appointed Junior Compliance Solution Specialist, Stefan Bonney, is an international technology expert with international law and finance experience.  Stefan strengthens NordCheck’s compliance team with legal...

The most serious data security crisis of 2020 was a stark reminder of how important it is to comply with laws and regulations, particularly when processing personal data.  All companies have a responsibility to act in accordance with laws and regulations. The Vastaamo...

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...

CEO and Founder of NordCheck Janne Järvenoja has been invited to be a key speaker at the Business Ethics Day 2020. The topic of Janne’s presentation will be Instant Megatrend – How Covid is forcing a change in compliance management. Janne’s presentation will take...

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...

The coronavirus pandemic is transforming our society in a fundamental way. In the world of business, the pandemic has a huge impact on companies’ risk management and supply chains. Thus far, companies’ risk management and preparations for exceptional circumstances...

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,...

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...

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...

Everyone working with compliance management has experienced it. It is a part of daily life for compliance, legal function, quality management and internal audit. Regardless of years of experience, expensive training in leading educational institutes, highly...

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...

Compared to business environment in 80’s or 90’s many things have changed. And in business - thanks to modern technology, such as Internet and faster connections - we can now produce more and automate many things and processes. In business, companies have always...

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...