Research on the Design Concept and Practice of Corporate Compliance Governance Systems

\nConsidering the current global economic integration and the rapid development of the market economy, corporate compliance and governance involve compliance with legal regulations and many comprehensive issues, both internal and external. This paper briefly describes the design of corporate compliance and governance systems. First, the potential risks should be systematically identified and evaluated based on the corporation’s strategic objectives and operating environment. Second, the company should establish appropriate compliance policies and procedures to identify and minimize violations after assessing risks. In addition, it is necessary to set up a department responsible for daily compliance supervision and training to ensure that policies can be effectively implemented. Another important aspect is to establish a monitoring and evaluation mechanism. Managers should review and evaluate the governance system regularly or irregularly and identify and correct weaknesses in the system in a timely manner. At the same time, the establishment of internal and external communication mechanisms cannot be ignored. This will help strengthen mutual trust between enterprises and stakeholders and effectively meet the expectations of external regulators and the market.\n

Publication Details

Journal
Springer Link (Chiba Institute of Technology)
Published
2024-10-31
DOI
https://doi.org/10.1051/shsconf/202420002032/pdf
Primary Topic
Mycorrhizal Fungi and Plant Interactions
Type
article
Field-Weighted Citation Impact
0.00
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article

Research on the Design Concept and Practice of Corporate Compliance Governance Systems

Springer Link (Chiba Institute of Technology)
Mycorrhizal Fungi and Plant Interactions
article

Research on the Design Concept and Practice of Corporate Compliance Governance Systems

article en

Abstract

\nConsidering the current global economic integration and the rapid development of the market economy, corporate compliance and governance involve compliance with legal regulations and many comprehensive issues, both internal and external. This paper briefly describes the design of corporate compliance and governance systems. First, the potential risks should be systematically identified and evaluated based on the corporation’s strategic objectives and operating environment. Second, the company should establish appropriate compliance policies and procedures to identify and minimize violations after assessing risks. In addition, it is necessary to set up a department responsible for daily compliance supervision and training to ensure that policies can be effectively implemented. Another important aspect is to establish a monitoring and evaluation mechanism. Managers should review and evaluate the governance system regularly or irregularly and identify and correct weaknesses in the system in a timely manner. At the same time, the establishment of internal and external communication mechanisms cannot be ignored. This will help strengthen mutual trust between enterprises and stakeholders and effectively meet the expectations of external regulators and the market.\n

Springer Link (Chiba Institute of Technology)
Openalex Percentile: Top 58%
Mycorrhizal Fungi and Plant Interactions
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