Compliance in Times of Quarantine

Sebastian Segovia, Corporate Manager of Governance, Ethics and Compliance , Falabella S.A..

August 28, 2020

  • Compliance Management Systems must be able to quickly and effectively adapt to contingencies/emergencies/crises which generate uncertainty and new risk scenarios for companies

  • Compliance departments must become - if they are not yet - key actors of the decision-making process of a company in times of crisis

  • Adapting Compliance Systems requires the flexibility of certain policies, procedures and preventive measures; agility to communicate these modifications to every level of the organization, without missing the point that the best way to protect the value that companies create, is taking care of it

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