Compliance Simplified Checklist
LexisNexis is offering you a free Survival Guide that can help you manage the company’s interdependence with government authorities. Now you can ensure your company is adhering to ethical standards and avoid the consequences of non-compliance – easily and effortlessly.
Manage the Interdependence
A governance, risk, and compliance (GRC) approach is used by organisations to manage the interdependence of corporate governance standards, regulatory compliance, and enterprise risk management programs.
Ensure Ethical Behaviour
GRC strategies are intended to assist firms in better coordinating processes, technology, and people, as well as ensuring ethical behaviour. A well-coordinated GRC program may solve a number of the issues associated with the old, segmented approach to risk and compliance, including miscommunications, interdepartmental conflict, and inefficiencies.
GRC affects enterprises seeking to execute cross-organizational governance, risk, and compliance programs efficiently
The CIPC Compliance Checklist
The Companies and Intellectual Property Commission (CIPC) created a Compliance Checklist that must be completed as part of each company's Annual Return filing (Proprietary Limited, Incorporated, Limited, State-Owned and Non-Profit). Additionally, CIPC said that they will be using the Checklist to monitor and regulate compliance with the Companies Act's obligations, and will take appropriate action if trends of non-compliance emerge.
Consequences of Non-compliance
Non-compliance may result in a CIPC inquiry. The conclusion of such an inquiry may result in the issue of a Compliance notice and additional enforcement proceedings by other agencies as well. Businesses who fail to reply to a compliance letter and remain noncompliant for an extended period of time may face an administrative fine.
In accordance with the CIPC, non-compliance could cost you. Are you a compliant?