Olga Covali


Many domestic enterprises consider internal control and compliance as not very important for a successful business, so they do not want to spend time or finances on compliance. At the same time, Western companies in practice demonstrate that competent compliance control is able to generate added value. The built-up control in the sphere of compliance is, in its turn, the loyalty of the customers, the interest and trust of shareholders, and the trust of society as a whole. For companies, compliance control is a guarantee of reputation protection, since monitoring and control of reputational risks of an enterprise are usually fixed for compliance and are perceived in the international financial compliance sphere as a long-established compliance institution. When entering the world capital markets, the presence of compliance functions in an organization is viewed positively by both international regulators and investment financial organizations, and by institutional investors. For potential investors, effective compliance control certainly increases the level of investment attractiveness and reliability of the organization.


compliance, control, company, risk, reputation

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