Rapid Response
Hints and tips overview
Setting the right tone at the start means that problems are less likely to arise and, when they do, that senior management are better prepared to respond appropriately. Tailored policies and procedures, complemented by effective implementation and monitoring, provide the foundation.
It is not enough though, for businesses to simply have the right policies and procedures in place. Policies must be communicated effectively, implemented appropriately and monitored regularly. Documenting the existence of policies and procedures is one thing - demonstrating that these policies, and are up to date, is another.
Policies and procedures should evolve to reflect changes in business practice, regulation and law. Collecting efficient and appropriate management information and understanding rapidly changing rules and regulations are vital to maintaining effective policies and procedures.
Don't take our word for it
DLA Piper's European Regulatory Risk Survey 2007 sought responses from senior decision makers within the largest European companies by turnover. The survey found that at least one in four companies did not have procedures for dealing with investigations, and that more than half did not have crisis management plans in place.
What can we offer?
With our local knowledge across more than 76 offices in 30 countries, DLA Piper can assist senior management in developing and embedding policies and procedures across the globe. We can help you implement and stress test your policies, evaluate your management information and assist in improvements to ongoing monitoring techniques.
Questions to consider include:
- Have individual senior managers been assigned specific responsibility for implementing and executing particular policies and procedures?
- Do you have documented processes to ensure that monitoring standards are applied consistently and that non-compliant activities are identified and resolved?
- Is the quality of information provided to senior management sufficient to enable effective assessment of any risks to regulatory compliance?
- Are your records sufficiently detailed to evidence regulatory compliance?
- How do your policies compare with those of your competitors?
What type of policies and procedures can we help you with?
We can advise on the broader areas of regulatory risk management identified below. We can also provide support in more specialist areas, tailored to the sector in which you operate.
Please contact a member of our team to discuss your requirements.
Disclaimer: The information on this website is provided for informational purposes only. The information is not legal advice, which would depend upon the particular facts of your situation.