Catalog
method#Governance#Data#Compliance

Compliance Management

Compliance management encompasses processes for adhering to legal regulations and internal standards.

Compliance management is crucial for maintaining corporate integrity and transparency.
Established
Medium

Classification

  • Medium
  • Business
  • Organizational
  • Advanced

Technical context

Compliance Management SoftwareAudit ToolsTraining systems

Principles & goals

Transparency and traceabilityRegular review of complianceTraining and awareness of employees
Iterate
Enterprise

Use cases & scenarios

Compromises

  • Compliance risks with new requirements
  • Lack of compliance can lead to penalties
  • Internal resistance to compliance policies
  • Influencing employee culture
  • Creating a compliance contact person
  • Establishing a continuous improvement process

I/O & resources

  • Regulatory Compliance Guidelines
  • Internal Audit Documentation
  • Training Materials
  • Compliance reports
  • Audit logs
  • Certification documents

Description

Compliance management is crucial for maintaining corporate integrity and transparency. It involves the implementation of policies and processes that ensure adherence to legal and internal regulations.

✔

  • Increased corporate integrity
  • Avoidance of legal issues
  • Improved transparency towards stakeholders

✖

  • High effort in implementation
  • Possible misunderstanding of regulations
  • Constant adjustment to new laws required

  • Number of compliance violations

    Counts the number of violations of regulations.

  • Audit results

    Documents the results of compliance audits.

  • Employee training rate

    The percentage of employees participating in training programs.

Compliance Audit at XYZ GmbH

XYZ GmbH conducted an internal compliance audit and identified areas for improvement.

Adherence to Data Protection Regulations

The company ensured that all data protection regulations were effectively implemented.

Regular Employee Training

Annual training for all employees to raise awareness of compliance issues was conducted.

1

Inventory of regulations

2

Training of staff

3

Regular review of policies

⚠️ Technical debt & bottlenecks

  • Outdated compliance software
  • Lack of tool integration
  • Weaknesses in data analysis
Lack of resourcesResistance in the teamComplexity of regulations
  • Neglecting employee training
  • Not implementing policies
  • Waiting for audits instead of taking proactive action
  • Overlooking changes in legislation
  • Neglecting communication within the team
  • Insufficient review of policies
Knowledge of legal requirementsExperience in process analysisCommunication skills
Adherence to legal requirementsEfficiency of processesRisk management
  • • Budget constraints
  • • Time pressure
  • • Availability of experts