COMPLIANCE MANAGEMENT – VARIOUS PROVISIONS OF LABOUR LAW and STATUTORY REGULATIONS

BYOPTIMUM COMPLIANCE CONSULTANTS PVT LTD

To provide solutions in the domain of Corporate Governance, Risk and Compliance (GRC) Management Systems along with other tailor-made offerings crafted to meet the highly specific requirements of

today’s Organisations and “Build customer value”

identify, monitor and manage enterprise

wide compliance risks

to improve GRC Effectiveness

manage costs.

Our Philosophy & Objective

focusing on problem avoidance

Delivery Excellence

100% statutory compliances

responsive and timely

service

CORPORATE COMPLIANCE IS AN ONGOING PROCESS

3C Decision making process..What?

1. Compliance :

Violation of law, regulation or internal law or procedures

2. Conscience :

Violation of an ethical principle

3. Conduct :

Decide an appropriate course of action with which to resolve the problem

Basic Questions floating around?

What is Corporate Compliance ?Corporate Compliance is P.E.A.C.E. of mind\A working environment that encourages• Provide process with constant monitoring processes

which prevent, detect or deter non compliant behavior• Ethical and proper way to do business and encourage

problems to be reported• Access to a tailored efficient, user friendly process• Commitment• Efficiency while optimizing the quality of service

wwhat7 Basic elements of a Compliance Programme… How?1.Standard of conduct2.Designated compliance officer3.Effective education and training4.Audit and other evaluation techniques5.Internal reporting process6.Disciplinary mechanism7.Investigation and remediation

WHAT BENEFITS YOU WILL GET ?

• ESTABLISH HIGH ETHICAL STANDARD• IMPROVE FINANCIAL STRENGTH• IMPROVE QUALITY CARE• IMPROVE DOCUMENTATION• EARLY DETECTION OF POTENTIAL

PROBLEMS

Benefits of Corporate Compliance Program

1. Increases awareness of compliance issues among Board, staff, vendors, and service providers

2. Prevents and detects violations3. Reduces potential liability4. Enhances positive reputation by exercising

due diligence

BENEFIT…..CONTD

Timely Compliances Automated Processes

• HR Administration• Appraisal

• Recruitment• Exit Interview etc.

Intranet - iKnow• Employee Communication

• Policies, Newsletter• Processes, knowledge sharing

Continual Improvement CycleEtc.

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