Ethical business conduct and a strong culture of compliance are vital to businesses and other organisations in today’s corporate world, and can provide business advantages in their own right. In addition, financial penalties and reputational damage caused by lapses in ethical standards and regulatory breaches are never far from the headlines, and the impact can be long lasting.
We can help you navigate the risk and compliance landscape (including local and global regulatory standards, such as the UK Bribery Act and FCPA), target your resources effectively, and create a strong culture of ethics and compliance throughout your organisation.
The compliance demands placed on businesses and other organisations are growing by the day. Regulators expect organisations to put in place and evidence their defence against key risks such as bribery and corruption, sanctions, and other anti-competitive and unethical behaviour. Highly regulated sectors such as financial services, pharmaceutical life sciences and oil and gas face even more challenging and increasingly complex requirements, and all face significant financial, operational and reputational damage if they fail.
While compliance requirements are complex and time-consuming, resources available to meet them are not limitless. By understanding the weak points in your organisation and the risks you face, you can better target your compliance efforts where they will be most effective. Underpinning all of this is the importance of defining and embedding a strong ethical culture with ethical behaviour to match, to ensure that your people are doing the right thing, for the right reasons.
Our Ethics and Compliance team have extensive experience working with clients in a range of industries, both those that are regulated and those that are unregulated. We help to identify and assess the risks our clients face, as well as review the effectiveness of compliance efforts, helping to mitigate threats and protect your reputation. Understanding an organisation’s integrity risk goes hand in hand with this, including whether or how the behaviour of its people reflects the desired ethical standards of the organisation.
Our specialist teams work closely with clients in a range of sectors to review, assess, remediate and design compliance programmes in order to help clients achieve Ethics and Compliance standards that align with their values, and are practical, fit for purpose and effective. We use a combination of desktop reviews, targeted interviews, workshops, site visits, data analysis and innovative technology to gauge employee sentiment and carry out surveys when a large pool of data is needed. Whatever your specific Ethics and Compliance needs, we can help:
The following solutions can support many of the activities described above:
Partner, IMS Forensics Leader and Supply Chain and Third Party Risk & Resilience Leader, PwC United Kingdom
Tel: +44 (0)7770 921256
Partner, Forensics Anti-bribery and Corruption Leader, PwC United Kingdom
Tel: +44 (0)7738 844852