ETHICS & COMPLIANCE
The challenges facing
the Directors of Ethics and Compliance
Ethics and compliance managers face many challenges.
They navigate complex regulatory frameworks.
They must fostering ethical cultures, leveraging technology, managing global compliance, addressing misconduct and engaging stakeholders.
Ethics and compliance managers need to be well informed about the ever-changing regulations and laws to ensure their organisation's compliance and avoid legal and extra-financial pitfalls.
They are developing a ethical cultures, promote an environment focused onintegrity, transparency and accountability throughout the organisation.
The Chief Ethics & Compliance Officers adopt digital solutions to improve compliance monitoring, simplify reporting processes and leverage data analysis to manage risk effectively.
They are responsible for dealing with misconduct, establishing robust reporting mechanisms, protecting whistleblowers and conducting thorough investigations.
Finally, engaging stakeholders is vital to effective compliance management. Ethics and compliance managers need to work with internal teams, board members, regulators and external partners to fostering a shared commitment in favour ethical practices and compliance targets.
20 years ago, Anglo-Saxon groups were pioneers in the appointment of a Chief Ethics & Compliance Officer in regulated sectors such as banking, insurance and pharmaceuticals.
In France, the Sapin 2 law of 9 December 2016 on transparency, the fight against corruption and the modernisation of economic life has accelerated companies' awareness and placed compliance and good governance at the heart of the corporate ecosystem, from the board to stakeholders.
Many managers are realising that compliance is not just another constraint, but rather a formidable opportunity to improve their business performance. a lever for organisational efficiency and business performance. This has become an asset in a globalised world where trust is key and healthy transparency fundamental.
Today, the Compliance Officers are taking on greater responsibilities. Some managers, aware of the critical nature of these issues, have decided that this function will report directly to the Chief Executive Officer or the Chairman, with a special role for the Executive Committee. dotted line to the Chairman of the Audit Committee to ensure the independent reporting of highly sensitive information, which is the very essence of a robust compliance programme.
Aware of the high stakes involved, Blandine Cordier-Palasse was one of the founding members of the Cercle De La Compliance back in 2010. A forerunner in this field, BCP Partners has played an active role in leading and developing this association, which aims to raise awareness of compliance among all those involved in economic life.
Over the years, its knowledge of the business has positioned BCP Partners as a leader in Compliance recruitment. Her constant involvement in industry meetings and her active participation in conferences and recognised training courses keep her well informed about developments in these professions, the issues facing organisations and the profiles required.
BCP Partners is recruiting ethics and compliance managers for its clients, with a background in solid, multi-dimensional profiles. Real conductorsthey are capable of understanding the regulatory compliance, ethical culture, technology, global compliance management, misconduct resolution and stakeholder engagement. By successfully meeting these challenges, they ensure organisational compliance, integrity and sustainable growth in an ever-changing business environment.
Example of a mandate
Creation and recruitment
a Compliance team from a pharmaceutical company with sales of over €3 billion
Context
A member of the SBF120 index in the pharmaceutical sector wanted to create a compliance team to complement its "regulatory affairs" team.
Support
We worked in 4 areas:
1. Audit of the existing system to define compliance missions in relation to regulatory activity
2. Design of the Compliance Department
3. Definition of possible profiles to build a team with complementary skills and culture
4. Organisation of the team's interactions with the world's functional and operational departments
Results
- Our approach Think out of the box "We were able to convince the customer to extend the scope of the research to include engineers, doctors and pharmacists, risk managers etc. bringing a highly business-oriented vision and operational expertise
- Recruitment of a robust, long-term team that quickly integrated into the company and demonstrated its added value in a group undergoing rapid international expansion.