The management of ethics and compliance policies is one of the main responsibilities of a company's Human Resources sector. Ethics and compliance are two terms that are directly related to business conduct, ethics being the set of values and principles that guide the company's actions and compliance the set of rules and regulations that must be followed to ensure legal compliance and business integrity.
For the management of ethics and compliance policies to be effective, it is important that the company has an organizational culture that values ethics and integrity. This means that all employees must be aligned with the company's values and committed to following established rules and regulations.
One of the key tools for ensuring legal compliance and business integrity is the code of business conduct. This document establishes the guidelines and ethical principles that must be followed by the company's employees, in addition to defining the penalties for those who do not comply with the established rules.
Another important tool for managing ethics and compliance policies is employee training. It is essential that all company employees are trained to understand the importance of ethics and legal compliance and know how to act in situations that may compromise the integrity of the business.
In addition, the company must have a reporting channel so that employees can report any violations of established rules. This channel must be confidential and ensure the protection of those who make the complaint.
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Finally, the management of ethics and compliance policies must be closely monitored by the Human Resources sector, which must monitor compliance with established rules and act quickly and effectively in case of violations. The company must always be aware of changes in legislation and the best practices of business conduct, updating its policies and procedures whenever necessary.
