Compliance: Recommendations Also for Medium-Sized Family Businesses

We published this on 25 March 2012 (!) in our blog at the time, and since it remains as valid as ever despite the time that has passed, we are "posting" it here once again.

Compliance: 10 theses for corporate practice.

Since NIETZER is increasingly dealing with the topic of compliance, or is being asked to do so by clients – i.e. raising companies' awareness in this area, often triggered by demands from (large) German industry – and with the implementation advice required in this regard, we would like to draw attention here to an interesting article on the subject. It is worth considering – and this would be the subject of further research into established practice and academic/legal work – to what extent advisory boards (Beiräte) should be more closely involved in ensuring compliance with compliance standards within the framework of family business governance.

The working group "External and Internal Monitoring of the Enterprise" of the Schmalenbach-Gesellschaft für Betriebswirtschaft e.V. addresses the question of the organisational design of compliance management; below is an excerpt of the summary, and here in addition the entire, highly readable article published in Der Betrieb of 16 July 2010, issue 27/28, pages 1509–1518: https://lnkd.in/eRbp5cbp.