COMPLIANCE PROGRAM: THE IMPORTANCE OF STRUCTURE IN PRESERVING BUSINESS REPUTATION AND LONGEVITY

Abstract

This research aims to analyze how structuring a Compliance Program can help organizations prevent, detect, and correct behaviors that may violate the company's principles and values, as well as current legislation. The methodology used in this research is a bibliographic review, through which specialized literature sources on the subject will be analyzed. Implementing a Compliance Program is essential to preserve the reputation of organizations and ensure the longevity of their businesses. By establishing adequate policies, procedures, and internal controls, companies can avoid illegal, ethical, or improper practices. In addition, an effective Compliance Program contributes to strengthening the organizational culture, promoting compliance with legal and ethical standards. This study will address the benefits of structuring a Compliance Program, such as risk prevention, detection of inappropriate behavior, and correction of deviations. It is concluded that creating an efficient Compliance Program is crucial to support companies in preventing, identifying, and correcting actions that may violate their principles, values, and current legislation.