In the year 2021 the International Organization for Standardization (ISO) published the ISO 37301 standard for compliance management systems, which replaced the ISO 19600 standard related to the implementation of this type of program.
The ISO 37301 standard encourages a proactive approach that allows organizations not only to adhere to the applicable regulations they are required to observe, but also to design, apply and implement a program to ensure that they are compliant with the applicable regulations. compliance well-structured.
This is because this standard emphasizes the need to identify and evaluate risks related to legal and ethical breaches, establishing clear measures for their mitigation in business organizations, including policies and procedures that define expected behaviors and sanctions for possible transgressions.
Among all the elements covered by the ISO 37301 standard, the configuration of the compliance officer is for me the most important of all because it is the one who acts as the guarantor of the system of complianceThe role also extends to the ongoing training of employees and managers to foster an organizational culture of compliance based on integrity, transparency and legality.
The leadership of the compliance The ISO 37301 is a standard that is used throughout the content of ISO 37301. compliancealso depends to a large extent on the commitment and accountability of the compliance officer.
For a company or organization to adopt within its internal structure a program of compliance designed under ISO 37301 offers a number of advantages:
Reinforces its reputation by demonstrating a solid commitment to legality and ethics.
2.- Generates trust among customers, business partners and investors.
3.- Helps prevent legal sanctions and mitigate risks that could affect both its financial stability and corporate credibility.
4.- It provides an enormous competitive value within the markets.
5.- Optimizes internal processes and improves operational efficiency.
6.- It allows to operate with greater confidence in international markets.
In addition to the fact that ISO 37301 responds to the need for organizations to comply with stricter regulations, its application also reflects the growing demand for transparency and ethics in corporate practices; it is for this reason that in highly regulated sectors such as banking, government and technology development, its implementation is becoming standard practice.
In conclusion, in a business environment where sustainability and social responsibility have become strategic priorities, the creation of a compliance designed through the ISO 37301 standard is a fundamental point for companies and organizations to guarantee their sustainability and competitiveness in the market.
By Eduardo Velasco López
References.
ISO 37301:2021. Published by the International Organization for Standardization in April 2021 (Spanish version). https://www.iso.org/obp/ui#iso:std:iso:37301:ed-1:v1:es:sec:A
