From Conformism to a Culture of Integrity

Abstract

Regulating activities and complying with regulations, practice and professional codes, as well as the acknowledged good practices have therefore become more and more important. These necessities appear the more pregnant in the context of an economic crisis generated specifically by not complying with regulations, good practices, ethical principles, and values, which ultimately led to corruption. One of the most important responsibilities of the management structure in any organization is creating an appropriate framework, an internal control system that ensures the organization’s compliance with the applicable regulation framework, and with the applicable codes of conduct, practice codes and professional codes, as well as with their own policies and procedures. This system must ensure the prevention, detection, and the correct management of the organization-specific compliance risks.