ISO 19600 provides guidelines for establishing, developing, implementing, managing and improving a compliance management system within an organization. This standard is applicable to all sizes, nature and complexity of company’s business activities. This will allow organizations to encounter all their regulatory requirements and manage their operational risks with one uniform compliance framework. Compliance Management is more than just a legal requirement it is also a bound to meet the stakeholder’s needs and expectations regardless of industry. A Compliance Management System (CMS) is a set of processes to make sure that an organization operates in accordance with all applicable laws, regulations and codes of conduct. Due to the ever-changing nature of laws and regulations across countries and regions, keeping up to date with the applicable regulations is a never-ending task. An effective CMS enables you to determine the relevant documents, to ensure compliance across the organization and to track and improve compliance. ISO 19600 can help organizations establish an effective and efficient organization-wide compliance management system. The standard helps the organization understand and adhere to the ever-increasing number of regulatory requirements while acknowledging the fundamental market drives. ISO 19600 emphasizes the importance of culture, especially the culture of integrity and compliance and communicates this importance throughout the standard. This alignment of strategic initiatives, objectives and compliance management system helps the organization unleash its full potential, establishing responsibility and accountability within the organization, increasing its effectiveness and reducing costs. The benefits of ISO 19600 compliance management system are:-
- Certification adds a distinct level of credibility to the organization's compliance management systems and must be completed by a qualified, independent third-party.
- Ensures that the organization is implementing a viable compliance management program utilizing widely accepted standards and good practices.
- Establishes a robust compliance management system by identifying complianceâ€related risks and managing resulting compliance obligations relating to third parties (such as suppliers, agents, distributors, consultants and contractors).
Conclusion
Organizations that aim to be successful in the long term need
to maintain a culture of integrity and compliance and to consider the needs and
expectations of stakeholders. A compliance management system based on ISO 19600
sets up all of the prerequisites necessary to help the organization meet its
obligations, both regulatory and to other stakeholders, through maintaining a
culture of integrity and compliance, and through a set of best practices proven
to be successful. Compliance is an outcome of an organization meeting its
obligations, and is made sustainable by embedding it in the culture of the
organization and in the behavior and attitude of people working for it.
Contact Us: If you plan to go for ISO 19600
Certification, you may ask for Quotation by providing your organization’s
information in application form & Details addressed in the websites
- http://isoindia.org available
at the website or submit your inquiry through feedback. Alternatively you may
send your inquiry through details
Mail id: info@isoindia.org
Call us a +91-522-2756327
Mobile no: +91-8604043344
User questions & answers