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Navigating the uncharted and stormy waters of epidemics… with the compass of Compliance

The international outbreak of the new Coronavirus, COVID-19, has generated a new need for developing specific Compliance policies and programs world-wide, in all variety of contexts (including jurisdictions) and for every kind of human activities.

The blooming of Guidelines and Regulatory Frameworks, set by Governments and international organizations since the very beginning of the virus outbreak but still today ongoing and frequently changing, has in fact to be assessed, managed, and put into a proper compliance process: everybody needs to know how to comply with all this.

In general terms, both better-structured entities and micro, small and medium enterprises are required to implement an adequate program for the overall management of the health emergency and all related risks.

In short, given the complexity of this external context, all organizations are required to implement a specific compliance program

COMPLIANCE

is the most crucial procedure for any organizations to avoid or mitigate potential legal civil and criminal proceedings in most of the jurisdictions, protect their reputation, and foster their values.

RISK MANAGEMENT

is evolving to treat this new global emergency, while no international specific compliance standards exist so far.
But the golden rule is that Compliance and Risk management should operate together, as "team-mates" sharing a common framework: without such "team-mates", the outcome will be weak and inconsistent.   

COMPLIANCE

is essentially the expertise in dealing with difficult questions or situations and adaptation to complex requirements, thus preventing or at least minimizing any potential negative outcome

Compliance allows you to:

assess and prevent the legal consequences of actions for yourselves and the others

safeguardyour reputation, playing by the rules

improve common well-being by a coordinated use of knowledge and experience

balance personal, interpersonal, and institutional interests in any concrete situation

Compliance needs a personal shared commitment TO DO THE RIGHT THING through the effective management of each step required TO MAKE IT HAPPEN

COMPLIANCE FOR ALL

Compliance is also for micro and smallest organizations:
it is they who suffer the major shock in emergency times and risk go out of a business that took a long time to build.
With the help of the EIFEC Emergency Standard, they will be able to implement their own compliance management program for health emergency and all related risks.

Read More...

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