course | Navigating Compliance: A Masterclass for Managers on External Regulations and Internal Standards

Introduction to Corporate Compliance Management
 

• What is corporate compliance, and why is it important?
• The role of managers in ensuring compliance with internal and external regulations
• The cost of non-compliance: Legal, financial, and reputational risks
• Overview of the training program and key outcomes
• Interactive Activity: Group discussion on common compliance challenges in your industry
   

External Regulations and Standards – An Overview
 

• Overview of applicable external regulations.
• Key components of industry-specific compliance regulations
• International compliance standards: What managers need to know about cross-border regulations
• Interactive Case Study: Discuss the consequences of non-compliance with external regulations (e.g., recent fines or penalties in your industry)

Understanding External Regulations – Focus on Industry-Specific Standards
 

• Focus on industry-specific compliance standards: Financial, healthcare, manufacturing, technology, etc.
• How to interpret and apply specific regulations within your organization
• Practical Exercise: Break into groups by industry to review a regulatory standard and assess how it applies to your operations
   

Compliance Frameworks and Best Practices
 

• Key compliance frameworks: ISO 19600, ISO 37001, COSO, and others
• Best practices for setting up a compliance management system
• Developing a compliance strategy that aligns with business goals
• Workshop: Create a compliance framework tailored to your team/department

Implementing Compliance Procedures and Controls
 

• Designing internal controls to ensure compliance with regulations
• How to implement procedures for monitoring and enforcement
• Using technology and tools to automate compliance tracking
• Interactive Exercise: Develop a checklist for monitoring compliance with a specific external regulation
   

Internal Policies and Standards – Structure and Implementation
 

• The importance of internal policies and standards in maintaining compliance
• Creating, revising, and communicating internal policies to employees
• How to ensure alignment between external regulations and internal policies
• Activity: Draft an internal policy based on an external regulatory standard

Compliance Risk Management
 

• Identifying compliance risks: Legal, operational, reputational, and financial
• Tools and techniques for assessing compliance risks
• How to create a compliance risk management plan
• Interactive Activity: Conduct a risk assessment for your department using a risk matrix
   

Monitoring and Auditing Compliance
 

• Setting up compliance monitoring systems to track adherence to internal and external standards
• How to conduct compliance audits: Types, processes, and tools
• The role of internal audits in identifying compliance gaps
• Workshop: Plan a mock internal audit for a compliance area in your organization

Reporting Compliance Breaches and Corrective Actions
 

• How to report compliance breaches: Steps, escalation, and documentation
• The process of corrective and preventive actions (CAPA)
• Legal and ethical considerations when reporting breaches
• Interactive Role-Playing: Simulate a compliance breach scenario and develop a corrective action plan
   

Building a Culture of Compliance
 

• Leadership’s role in promoting compliance and ethical behavior
• Strategies for engaging employees in compliance initiatives and fostering accountability
• Training and awareness programs to maintain compliance
• Interactive Exercise: Develop an action plan for enhancing the culture of compliance in your organization