Testimony of Blandine CORDIER-PALASSE, Women@work n°12 p.41 -

Blandine CORDIER PALASSE Managing Partner BCP Executive Search Co-founder and Vice-President of the Cercle de la Compliance

"Our customers realise that compliance has become a governance issue.. Any failure to comply has a serious impact on a company's image and reputation. It is important that the example and the watchword come from the board.. The aim is to instil this culture in the management and operational teams. The appointment of independent directors to the Board brings a relevant outside perspective.. It is a real asset in ensuring that the company's interests prevail in every decision.. In particular, protection against conflicts of interest and risks of non-compliance.

Compliance has therefore become a genuine vector for organisational management and performance.. It is a powerful lever for competitiveness in an economic environment where companies are faced with ever greater innovation and agility. For these enlightened executives, compliance risk has become a major risk for the company, and one that calls for the inclusion of compliance professionals on boards of directors, so that they can pre-empt these risks rather than suffer from them when implementing strategy".

At a time when risk-based governance is no longer enough, compliance is infusing the legal and financial environment. It is therefore essential to develop interaction between directors, senior management and the heads of the risk and compliance functions, who are highly operational, in order to protect the company - whatever its size and culture - and ensure its long-term development.

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