LEGAL COMPLIANCE

All citizens- be they persons, legal entities, or quasi-legal entities, must without exception, comply with the laws of the land in which they operate. Legal Compliance has become more pervasive and hence has received more attention than ever before in both South Africa and in other jurisdictions over the past few years. If a company does not comply with the laws of the land, its business will ultimately be affected and this will have a knock- on -effect on the company, its employees, shareholders, and stakeholders.

Any trading entity, no matter how big or small must develop and maintain across its business and operations, a strong compliance function and culture of compliance.

The Lee’s Compliance Portal houses all the necessary templates and tools, which any compliance function requires for the development and maintenance of a compliance culture, including over 500 laws which apply to an organisation, which laws are available in full text, in summarised format, and/ or in easy to use self assessment tables, and guidelines, which will assist all those within a company, especially those involved in Compliance and Risk, on managing compliance related issues.

Before any company can confirm that it complies with the law, it will have to first identify and analyse those laws, which apply to its operation and activities. This is usually done by building a compliance matrix and regulatory universe. This is followed by a careful analysis of the laws and their impact on the organisation, followed by the development of compliance risk management plans (CRMP’s). The Lee’s Compliance Portal houses all the necessary templates and tools which are needed for this lengthy and sometimes daunting exercise, assisting a compliance function within a reasonable period of time to develop a compliance culture within its organisation

TO LEARN MORE ABOUT COMPLIANCE, AND HOW A COMPLIANCE FUNCTION AND CULTURE IS DEVELOPED AND MAINTAINED, READ FURTHER...