Compliance and Adequate Due Diligence for Third-Party Risk Management – An Essential Part of a Corporate Compliance Program
- Building a Culture of Compliance and Trust Through ISO 37301:2021 Compliance Management Systems
- Free Webinar
- 11 November 2021
- 2 pm – 3 pm UAE Time
Compliance and Adequate Due Diligence for Third-Party Risk Management. The Anti-Bribery Anti-Corruption (ABAC®) Center of Excellence is delighted to announce that we will be hosting a free webinar on the ISO 37301:2021 CMS: compliance and due diligence on November 11th, 2021, in collaboration with our parent brand, CRI® Group as well as the Dubai Quality Group (DQG). We intend to provide resources on corporate compliance to organisations around the globe that will aid said organisations in expansion and an ethical working environment. Our “Building a Culture of Compliance and Trust Through ISO 37301:2021 CMS” webinar will highlight all essential parts of a corporate compliance program. Take advantage of this free webinar on compliance and adequate due diligence for Third-Party Risk Management. Widespread trust is built on a company culture of doing the right thing, where every employee contributes because they understand and believe in its importance.
Compliance and Due Diligence in the Workplace
The compliance standard directs an organisation to establish ideals and ethics. It involves the organisation to illustrate those ideals and ethics in a way team members can recognise them and submit to them. A compliance standard necessitates that an organisation train team members on ideals and ethics and demands that the organisation hold team members liable for their conflicts and behaviours. In other words, compliance helps to define the force in the wake of the organisation and its motivational efforts.
However, many authoritative administrators view compliance as intrinsically fundamentalist as they assume that the objective of compliance is to rein in conduct – that couldn’t be further than the truth. Compliance provides a compelling instrument of prolonged adjustment. If everyday behaviour branches from education and codes of conduct, and codes of conduct branch from ethics, expression, and alteration; over time, these said principles can intensely influence administrative behaviour. Standards can be deemed as a leveraging point, and in the long run, compliance centres on the driving principles of an organisation therefore, it is incredibly important to implement them into your corporate culture which is what we intend on discussing in our webinar.
Issued in April 2021, the ISO 37301 framework offers a certifiable global benchmark for compliance systems and explains in detail how to construct a compliance management system to comply with international official standards and regulations. This standard is also acknowledged to indicate compliance with social and ethical principles across the globe.
The International Organization for Standardization (ISO) is an independent, non-governmental body that has developed and implemented the ISO 37301. Corporate compliance and due diligence continue to be one of the utmost risk interests for management – to which the key solution in preserving integrity and confidence within an organisation and third-party representatives is to implement a robust compliance program. The ISO 37301 further urges organisations to place emphasis on the methodical implementation of an organisation-wide compliance system as a means of efficiency and compliance understanding the workplace. Like other ISO standards for management systems, such as the ISO 37001 standard for anti-bribery management systems, the ISO 37301 pulls on the founded ISO value of “Plan-Do-Check-Act” (PDCA) – a standard which necessitates those certified organisations to operate within an unremitting development progression sequence.