Corporate Compliance
Compliance is about an organization’s level of adherence to standards, regulations, and best practices mandated by the business, relevant regulatory bodies, and laws. How do a company and its employees stand in following relevant laws, regulations, standards, and ethical practices that apply to the type of business and class of industry? Corporate compliance covers internal policies and procedures as well as laws of the local council, state, and federation.
Given today’s dynamic business and regulatory environment in Nigeria, not giving compliance issues the priority attention it deserves is costing organizations fortunes – making them not in any way achieve their full potential. The consequences of poor compliance standing of an organization range from financial loss in the form of payment of fines, to severe reputational harm, and to closure of business.
The purpose of compliance is to protect the business enterprise. Good compliance standing contributes to making returns on investments significant. It helps an organization avoid waste, fraud, abuse, discrimination, and other practices that disrupt operations and put the business at risk.
At Projectprofessional Limited, we help clients stay ahead in meeting the tough demands of the ever-changing business and regulatory environment and have their businesses consistently protected from disruptions that otherwise would always result.