Assessment and Approval of compliance-related activities
Many companies demonstrate corporate social responsibility (CSR) by e.g. contributing to the development of local communities in which they operate. Such charitable contributions are often executed locally without the involvement of a designated compliance function. This lack of control and review makes the company vulnerable to potential violations of the FCPA and other anti-bribery and anti-corruption laws. A clear separation of business activities from the corporate citizenship and a transparent documentation helps to avoid potential conflicts of interest.
The Compliance Approval Tool provides an efficient and transparent process for the approval of
- Donations and
In addition, the invitation of external guests to an entertainment event and the payment of costs for customer travel and accommodation (“factory visit”) can be registered and approved using the web-based tool.
Generally it supports the assessment and monitoring of different activity types as well as the review of compliance risks and potential red flags.
Gifts and hospitality are covered by a separate assessment (see Compliance Scorecards).
If you are interested, please contact us for further information!