Compliance Programs: A Guardrail to Keep You on the Path of Good Governance
In our previous bulletins on the duties and responsibilities of directors we looked at the extent of these obligations both from a general point of view and in certain specific situations. These initial articles sought to simplify the norms that govern the work of directors, and to illustrate how they apply in specific contexts. We have already identified some of the risk zones directors have to contend with. These zones contain pitfalls that must be avoided in conducting the day-to-day business of an organization. It is however extremely difficult to do this effectively if prevention and monitoring measures are not in place. That is the raison d’être of compliance programs.