What are the factors that make a successful compliance management system and how does a compliance management affect the companys business?: A study of various companies of the German tourism industry by Irina Luxem (Paperback, 2015)
Master's Thesis from the year 2015 in the subject Business economics - Business Management, Corporate Governance, grade: 1 / A / Distinction, Middlesex University in London, course: Compliance Management, language: English, abstract: This research reports on the current situation of compliance management among business organisations. Compliance management aims to ensure that all participants of a company observe laws and regulations. It is a business process to help the management and the employees to meet requirements and governance guidelines. The following research aims to increase the awareness of compliance management in companies and among the society to decrease business crime and ethical and legal offences. Therefore, the dimension of compliance management is discovered in this work. The first result is that the extension of the topic compliance management is very low. Mostly, just bigger and international companies have already implemented a compliance management as smaller companies suffer under the high costs of the implementation. Different standards evaluated by various institutions provide orientation on how to do responsible business by complying with these standards. It is suggested that compliance management is to be seen beside risk management and ethics, more, compliance management should be seen as requirement for risk management and ethics. A comment way of implementing a compliance management into the structures of the companys business is proposed. In this context the GRC - Governance-Risk-Compliance - approach is introduced. As the implementation of compliance management is a very costly process, companies need to be motivated by benefits of this process. In this research the avoidable costs and the return on investment are named to be the biggest benefit of compliance management. To get an idea of how a compliance management process might look like, two frameworks are distinguished with the necessary steps that need to be considered. The m
Product Identifiers
Publisher
Grin Publishing
ISBN-13
9783668029538
eBay Product ID (ePID)
27046463673
Product Key Features
Author
Irina Luxem
Publication Name
What are the factors that make a successful compliance management system and how does a compliance management affect the companys business?: A study of various companies of the German tourism industry
Format
Paperback
Language
English
Subject
Management
Publication Year
2015
Type
Textbook
Number of Pages
86 Pages
Dimensions
Item Height
210mm
Item Width
148mm
Item Weight
122g
Additional Product Features
Title_Author
Irina Luxem
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