Evaluation and strengthening of the regulatory compliance system for ISO certification preparation.
Challenge
A A Spanish multinational with a presence in more than 35 countries sought to evaluate and strengthen its regulatory compliance system as part of its continuous improvement strategy and preparation for ISO certification.
The objective was to have a complete view of the degree of compliance in all its subsidiaries, strengthen internal controls and consolidate a homogeneous corporate governance framework aligned with international standards.
Approach
ECIX carried out a comprehensive GAP analysis of the compliance system, in order to identify the obligations applicable to each area and detect opportunities for improvement in policies, procedures and internal controls.
Based on the results of this first phase, a detailed action plan with the necessary measures to reach the maturity levels required for certification.
In a second phase, the were analyzed main regulatory risks associated with the organization's activity, identifying compliance obligations and the procedures, protocols, and controls necessary to address them adequately.
Once the control frameworks have been defined, They identified areas for improvement, those responsible for their implementation, and prioritized action plans. allowing progress in an orderly and measurable way towards a more robust and effective compliance system.
The process included meetings with the relevant departments, a review of their key processes, and the definition of control frameworks and standardized procedures to reduce risks and ensure consistency between subsidiaries.
This approach allowed the company align their internal practices with international standards, strengthening its compliance model and promoting an organizational culture based on responsibility and transparency.
Results
The organization succeeded to consolidate a mature, homogeneous compliance system prepared for international audits, reinforcing their confidence in the control and management bodies.
The implementation of the new control frameworks reduced regulatory risks and improved the efficiency of compliance management at all levels of the company.
Finally, they were carried out training and communication activities for the entire organization, that allowed to publicize the work done, the results of the regulatory risk analysis, the responsibilities for implementing controls, and the operation of the new Regulatory Compliance System.
Thanks to this process, the company consolidated a culture of integrity and sustainable compliance, fully integrated into its corporate strategy.
