Compliance Principles (EN / 2019)
About the Lecture
The lecture Compliance Principles (EN / 2019) by Lecturio Online Courses is from the course Compliance Management Training (EN). It contains the following chapters:
- Definition of Term Compliance
- Legal Basis – Obligations and Liabilities
- Liability of the Company and the Organs
- Risk Identification
- Occurring Areas
Included Quiz Questions
Which statements about compliance are wrong? * You can select more than one answer.
- Compliance (portmanteau word made up of ‘complication’ and 'alliance') serves to detect and improve outdated and complicated structures in corporate communications.
- Compliance serves to prevent violations of legal regulations and company-internal guidelines.
- Compliance defines a legal and factual framework that only concerns the management and supervision of a company.
- Compliance means good corporate identity.
What are the internal benefits for a company in terms of compliance? * You can select more than one answer.
- Compliance guidelines define the rules by which to do business.
- Compliance guidelines provide clarity and security for employees.
- Compliance standards enable tax benefits.
- Rules reduce the responsibility of the management board.
Why is compliance important externally to the company? * You can select more than one answer.
- Strengthens the external image of the company
- Public awareness of the company's compliance - management
- Reduction of liability risks
- Code of Conduct
What are the main duties of members of the executive board? * You can select more than one answer.
- Maintain the due diligence of a prudent businessman
- Evaluate risk and introduce appropriate actions to manage these
- The executive board is informed by the supervisory board about all aspects of planning and business development.
- Provide appropriate risk management
What are the duties of the supervisory board?
- Supervisory board investigates deviations of businesses processes from plans and goals
- Provide appropriate risk management
- Inform about all aspects of planning and business development
- Maintain the due diligence of a prudent businessman
What is the chronological order of risk identification according to the COSO framework?
- Risk Potential - Status Regulation - Organisational Structure - Organisational Process - Management of Risks - System Monitoring
- Status Regulation - Risk Potential - System Monitoring - Organisational Structure - Organisational Process - Management of Risks
- Risk Potential - Status Regulation - Organisational Process- Organisational Structure- Management of Risks - System Monitoring
- System Monitoring - Management of Risks - Risk Potential - Status Regulation - Organisational Process- Organisational Structure
What is the definition of a horizontal restriction of competition?
- Agreements or arrangements between companies operating at the same stage of the market (manufacturer 1 - manufacturer 2)
- Agreements or arrangements between companies operating at different stages of the market (producer - dealer - customer)
- Abuse of a dominant market position or relative market power
- Agreements or arrangements between companies operating in the same country
Author of lecture Compliance Principles (EN / 2019)
Lecturio Online Courses
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