Guideline 5. Developing systematic compliance risk management and a proactive compliance-oriented strategy

Submitted by Anonymous (not verified) on Tue, 07/10/2018 - 09:46

The institution manages compliance risk and reduces non-compliance by developing proactive compliance-oriented strategies and structures.

Guideline code

CCC_00700

Mechanism

Characterizing different types of compliance risks and actions to be taken on different degrees of non-compliance;
Encouraging voluntary compliance by facilitating contributors to conform with established regulations and rules and providing a platform for information management and calculation;
Implementing preventive approaches to non-compliance, based on monitoring and early detection of risk situations.

The management should establish risk management processes, i.e. structured processes for the systematic identification, assessment, ranking and treatment of contribution compliance risks (e.g. failure to register or to properly report contribution liabilities).
The management should commission a unit to follow up application of those parts of the strategic plan concerning compliance risk management, as well as the corresponding performance indicators.

Parent

Structure

The management should define specific goals and implement active measures to promote voluntary compliance, systematically manage compliance risk and reduce noncompliance.
The management should establish risk management processes for the systematic identification, assessment, ranking and treatment of contribution compliance risks.
The management should define specific performance indicators to evaluate the achievement of goals and measures on managing compliance risk.