Global compliance jungle: a multiple challenge for international companies
The globalization of markets brings with it. In this era, many companies operate internationally with branches and locations worldwide - i.e. outside their home country. The central challenge: a transnational compliance strategy that is anchored in the minds of all employees. This is particularly true against the backdrop of a diverse range of languages. It is an important task to ensure that a clear compliance message is communicated in this complex environment. This is the only way to ensure that all employees understand the company's internal guidelines and follow them consistently. The better the rules are adhered to, the more the company's liability risks are reduced.
Strengthening the corporate culture through clear guidelines
Compliance is more than just a part of risk management. It is about shaping a corporate culture that is based on ethical business practices. After all, compliance also stands for credibility and sustainability. The major challenge for international companies is to adapt their compliance processes to global circumstances and conditions.
The following applies: Compliance should be brought to the attention of employees across all locations. It is the task of the company to ensure this. The best way to achieve this is with suitable communication channels and training measures to convey compliance requirements to all employees worldwide in a transparent and uniform manner. After all, compliance on paper alone is of little value; it must be promoted and practiced within the company.
Aligning compliance management internationally
Globally active companies should consider various aspects and levels when designing their compliance management. The following are of crucial importance:
1. selection of appropriate communication to employees
2. organization of compliance training courses of uniform quality
3. establishment of risk management
This is why training is ideal in an international context. The aim is to sensitize all employees to the potential effects and consequences of non-compliance with rules and standards. This is how a company can influence external perception and its own corporate reputation.
The global orientation of a company may require an adaptation of the corporate culture to international standards. In a nutshell, this means Digital training is necessary to strengthen the compliance culture on the one hand and to promote ethical business practices on the other.
Linguistic diversity as a challenge
The diversity of cultures, diverse legal backgrounds and linguistic diversity - aspects that characterize the employees of companies with international locations. However, this also poses a major challenge in terms of compliance training. This is because the content to be conveyed must be understood by the employees - both in terms of language and content - in order to be implemented. This is the only way to develop a uniform compliance culture across all locations.
As a result, it makes sense for international companies to have a communication and training strategy that takes into account the different languages within a company. Offering training in different languages and reaching employees in their native language wherever possible can be an important building block for success. How can this be achieved and what are the benefits? Find out more in the white paper "Compliance in every language: the key to a uniform understanding" or discover our complete digital solution for compliance training and create clarity for your employees with different language versions.
You might also be interested in
