FIELD OF EXPERTISE COMPLIANCE
Identify and Control Risks.
Compliance Consultation by Schilling, Zutt & Anschütz
Companies and the parties responsible for them currently face an abundance of regulations and voluntary compliance standards. Regardless as to the branch or particularities of the individual company, enterprises are faced with compliance requirements from a number of legal fields, such as:
- Corporate and group law, e.g. concerning raising and maintaining capital, loss of equity, over-indebtedness and inability to pay, risk management and internal revision
- Labor law, e.g. with regard to job security, occupational safety and the non-discrimination rule in accordance with the AGG (“Allgemeines Gleichstellungsgesetz” / German Anti-Discrimination Act)
- Commercial criminal law, e.g. prohibition of corruption (cf. for example Siemens, VW, MAN)
- Product liability law, e.g. in connection with dutiful product and complaint management
- Data protection law (cf. for example Telekom, Bahn)
- Anti-trust law (cf. for example Microsoft, IBM)
- Environmental law
- Capital market law for companies that are issuers of security papers
».... successful positioning in connection with compliance matters ...«
(JUVE Handbook Commercial and Corporate Firms 2009/2010)
Compliance Risks for Companies and Management
It is of great importance for the company’s management to keep an overview in the compliance matters in order to minimize the risks connected therewith for the company and the board or the managing directors. Violations of compliance standards do not only come with risks of liability and fines, but can also damage the reputation of the company. There is also a risk of personal liability for board members or managing directors vis-à-vis the company as well as shareholders and third-parties if compliance violations are based on breaches of duty by board members or managing directors. Furthermore, they may even be threatened by criminal or administrative offence penalties.
Our Range of Services in the Field of Compliance
Thanks to the expertise of our attorneys in all legal fields relevant to compliance – from corporate, capital markets and labor law to anti-trust law and environmental law – we offer you customized consultation on all compliance matters relevant to your company. We also have many years of experience in establishing a comprehensive compliance organization.
We especially assist our clients with:
- identifying the relevant compliance standards,
- developing and testing the internal guidelines etc. for the fulfillment of the compliance standards with regard to the structural and process organization,
- inspecting the actual implementation of the internal guidelines,
- developing measures to improve the implementation of the compliance standards,
- the training and awareness of the employees,
- and compliance hotlines.