.png)
Complying with regulations and implementing ethical standards: in today's competitive business environment, compliance is crucial for the mid-market. Medium-sized companies that choose to professionalize their compliance can use certification standards to make their compliance management processes lean, efficient, and transparent. Once a solid compliance foundation based on certification standards is established, the company is well-equipped for active compliance management.
A certified CMS is more than just a standard
There are various national and international standards according to which a compliance management system can be implemented. In Germany, compliance standards based on IDW and ISO are widely used. While the IDW is an auditing standard that provides valuable guidance for functional compliance management, ISO 37301 was developed as an active management standard. THE MAK`ED TEAM develops compliance management systems (CMS) according to the requirements and guidelines of ISO 37301. As an international standard, it serves to introduce systematic and sustainable measures to fulfill legal and ethical obligations. Based on ISO 37301, the requirements for an effective CMS are established and guidelines are defined, according to which the CMS is implemented, monitored, and continuously improved. ISO 37301 is a certifiable standard. Against the backdrop outlined above, this in turn offers several advantages (e.g., in relation to the Supply Chain Due Diligence Act).
The foundation of a professional compliance management system according to ISO 37301 consists of various building blocks that are implemented in a structured manner to ensure the planning, management, and monitoring of compliance activities:
- Defining requirements for the CMS by analyzing the corporate environment or establishing clear compliance policies with corresponding objectives and principles.
- Implementing risk management to systematically identify, assess, and minimize potential risks.
- Organizing the CMS by developing a compliance organization policy and appointing a compliance officer – either internally or externally.
- Managing internal processes and integrating them into functional processes by developing specific policies and adjustments.
Communication and documentation of relevant compliance information
We implement the various compliance building blocks into an individually tailored and effective compliance management system. THE MAK`ED TEAM ensures that existing elements of compliance management interlock seamlessly and function smoothly in day-to-day business. With a professional compliance management system, medium-sized companies can minimize risks, avoid conduct subject to fines and penalties, prevent reputational and financial damage, ensure legally compliant behavior within the company, and fulfill their ethical obligations. But those are by no means all the effects...
Minimize risks, seize opportunities
- An effective CMS strengthens the trust of customers, business partners, and other stakeholders in the company. Transparently communicated, ethically correct, and legally compliant conduct improves the company's image and ultimately adds value to the brand.
- A structured CMS significantly supports companies in questioning their processes. This makes many processes more efficient and avoids duplication of work.
- If a CMS is implemented according to ISO 37301:2021, the company can become certified. Through certification, the company can demonstrate that it meets all compliance requirements, thereby setting itself apart from competitors. In international business, certification offers an important means of verification for major clients.
The foundation for sustainable success
The compliance experts at THE MAK`ED TEAM specialize in the mid-market. We develop professional yet pragmatic solutions for our clients that are highly feasible in practice and future-proof. The scope of the CMS and the intensity with which individual parts of the value chain—from HR to accounting—are examined depends on the industry and the size of the company. Once professionally anchored in the company, the compliance management system serves as a foundation for all your business processes.
.png)
