“That was handled by a colleague who no longer works here” is a phrase that could cost a company more than an entire compliance program.
It is hard to imagine a better argument for addressing compliance *before* an inspection or legal proceeding arises.
In a recent interview on legalweb, Milan Měchura discusses how Czech companies’ approaches to compliance are evolving. Interestingly, the driving force is increasingly business itself rather than the fear of sanctions factors such as counterparty requirements, ESG, codes of conduct, and the expectations of larger corporate groups.
This topic is gaining added significance due to changes regarding the criminal liability of legal entities. Compliance can now impact a company’s standing in legal proceedings, and documentation created today could end up on a prosecutor’s desk years down the line.
That is why – as Milan emphasizes the goal isn’t simply to have a procedure that looks perfect on paper. The goal is to have rules that actually work and are consistently followed.
The interview covers much more: new options for concluding proceedings, potentially higher financial penalties, the evolving role of lawyers, and why these legal changes are opening a whole new chapter for compliance in the Czech Republic.
If you manage a company or are responsible for compliance, risk management, or legal affairs, this interview is well worth reading in full. It is a substantive discussion about changes that could have very real consequences for business.
👉 Read the full article on legalweb: https://legalweb.cz/odpoved-to-resil-kolega-ktery-uz-u-nas-nepracuje-vyjde-draz-nez-compliance-program-rika-milan-mechura-9180/