The pressure to be a good corporate citizen brings new regulatory and compliance challenges
The challenge of meeting regulatory compliance obligations, is something that every business is facing. Mandatory legal requirements are increasing as is the pressure from stakeholders to be a good corporate citizen
This requires an up-to-date grip on new developments; for example, the growing area of environmental, social and governance (ESG) measures that now form an important part of every business's compliance framework and play an inherent role in corporate strategy.
The rise of ESG as a mainstream aspect of the corporate agenda means that businesses need to review their systems and pull together the many different strands of ESG in order to meet reporting and supply chain requirements.
Many businesses recognise the importance of creating global compliance systems so that there is a consistency in operation and culture wherever in the world a business is operating. This presents challenges. How do you achieve a unified corporate system and culture that still meets local law requirements? And how do you keep up to date with new laws across the world that may impact your operation?
In this fast-changing regulatory and compliance environment, businesses are increasing their interaction with regulators. This may involve self-reporting, dealing with enforcement and follow-up litigation to meet obligation, and working with regulators in an efficient and commercial way.
Osborne Clarke's Global Compliance team works across a broad range of regulatory disciplines and with a wide range of regulators. We can advise on current and developing risks that regulation creates, manage these in a commercial way and liaise with regulators.
Local and international knowledge
Our clients can draw on our extensive knowledge of local and international regulatory regimes and experience to assess their regulatory risk. In a global economy, our international team works with businesses to assess their global approach to compliance and suggest improvements that work both locally and internationally across the markets in which they operate. Our Global Team can assess international legal compliance systems and risks holistically, providing a one-stop shop to achieve a robust and effective compliance system.
Many businesses recognise the importance of creating global compliance systems so that there is a consistency in operation and culture wherever in the world a business is operating."