With the arrival of the General Data Protection Law (Law No. 13,709/18), it is established that institutions and companies are required to update their codes of conduct and information security standards. Learn the importance of transparency as a compliance practice in associations.
Ensuring the right to privacy and protection of personal data of its holders increasingly reinforces the need for transparency initiatives using Compliance and Corporate Governance methods in all segments, especially in third sector organizations due to their fragility in obtaining subsidies.
It is known that non-profit organizations have great value for society with actions that help in the process of transforming the reality of many citizens.
Through resources from donations between individuals, companies facebook data or public bodies, it is necessary to provide an account of how this money is used in the maintenance and projects of the entity, highlighting the credibility and suitability of the institution, with the aim of ensuring the preservation of business and relationships with partners.
In this article, we will present the main aspects of Compliance and Corporate Governance that can help improve the efficiency and legitimacy of your management.
What is the role of compliance in the third sector?
Compliance should be understood as a system of measures that ensure compliance with internal and external laws and regulations of an activity, in addition to following ethical and moral principles capable of guaranteeing the integrity of its actions. Investing in transparency practices such as publishing reports, accounting and actions carried out, helps the Organization to get closer to society and companies that believe in and support its motivations and causes.
Developing organizational policies and processes brings clarity, coherence and credibility to entities seeking to reinforce their role as socially responsible. And from a technical point of view, transparency must be a fundamental pillar of any organization that aims to improve its relationship processes.
It is possible to build Compliance programs and their success is directly linked to a cultural issue. The institution must be willing to fulfill its commitment to integrity and compliance with the law. Changing an organizational culture can take years. It is a process that requires commitment and example from leaders, but it is highly beneficial for everyone involved.
Transparency as compliance practices in associations
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