Compliance management or compliance management is very timely. Rapidly changing external factors, especially legal and regulatory requirements, require the organization to keep its finger on the pulse and constantly monitor changes. In response to the needs of the organization, international standards create helpful solutions.

The ISO 37301 standard defines the requirements and provides guidelines for planning, establishing, implementing, evaluating, maintaining and improving an effective compliance management system in an organization.

The main objective of the international standard ISO 37301: 2021 – to help organizations develop and disseminate a positive culture of compliance, taking into account that effective and sound management of compliance risk should be seen as an opportunity to pursue and reap a range of benefits such as:

• improving business opportunities and sustainable development;
• protecting and enhancing the reputation and credibility of the organization;
• taking into account the expectations of interested parties;
• demonstrating the organisation’s commitment to effective and efficient compliance risk management;
• increasing third party confidence in the organisation’s ability to achieve lasting success;
• minimizing the risk of misconduct with associated costs and damage to reputation.

The above-mentioned possibilities can be achieved by implementing the requirements of ISO 37301, as well as by implementing the guidelines for compliance management systems and good practices.

Both the requirements and guidelines contained in the international standard are to be adapted to a specific organization, implementation will also vary depending on the size and maturity level of the organisation’s compliance management system and the context, nature and complexity of the organization’s activities and goals.

Where to start?

The first step is to carry out a zero audit

Then define roles, responsibilities and authority

The next step will be to train management and staff

And we are already moving to defining the boundaries of the compliance management system, the context of the organization (internal and external factors; interested parties, their needs and expectations towards the organization);

Defining the approach to compliance risk assessment;

Identification, analysis, assessment of risks and definition of a risk management strategy;

Development and implementation of a risk treatment plan;

Compliance management system documentation development;

Implementation of documentation, including employee training;

Compliance management system monitoring and review (measuring system effectiveness, internal audits, management reviews);

Implementation of corrective and improvement actions

Possibility to proceed with the certification of the compliance management system for compliance with the requirements of ISO 37301.

You don’t know how to do it in practice or you have doubts?

Ask IKMJ specialists!

We will help you go through all or selected steps related to the implementation of a compliance management system in your organization and go through the certification process.

Have you implemented a management system based on other international standards (ISO9001, ISO 14001, ISO 45001, ISO / IEC 27001 etc.)? We can appropriately use ISO 37301 to improve compliance requirements in other management systems and to assist an organization in improving the overall management of all its compliance obligations.