NAVEX Releases Comprehensive Guide on Compliance in France
TL;DR
NAVEX launches 'The Ultimate Guide to Compliance in France', providing crucial insights for businesses to manage and mitigate risks confidently.
The guide provides detailed insights into the current landscape of whistleblowing in France, including cultural context and comparison with other countries.
NAVEX's guide aims to cultivate an ethical culture and ensure compliance with regulations, ultimately making the world a better place through enhanced corporate governance.
French whistleblowing reports are less likely to be anonymous and are predominantly about HR, diversity, and workplace issues, providing valuable insights into corporate culture and challenges.
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NAVEX, a world leader in governance, risk, and compliance (GRC) management software and services, has released 'Compliance in France: The Ultimate Guide'. This comprehensive resource aims to help organizations navigate the complex landscape of compliance and whistleblowing in France, a country where reporting levels are increasing but remain low compared to European standards.
The guide, which serves over 13,000 companies worldwide, offers a detailed overview of the current whistleblowing landscape in France, including cultural context and comparisons with global systems. It highlights critical data showing that French reporting levels, while rising, remain below European norms. Notably, French reports are less likely to be anonymous and tend to take longer to process compared to other countries.
Jan Stappers, Director of Regulatory Solutions at NAVEX, emphasizes the importance of whistleblowing channels, stating that organizations may miss opportunities without proper systems to alert people of potential risks or dangers. He warns against the risk of companies conducting mere compliance exercises rather than adopting a more integrated approach.
The guide also delves into the French regulatory framework, focusing on critical compliance challenges and extraterritorial issues that can be particularly difficult for companies to navigate. It underscores the growing challenge of complying with all existing regulations, as many companies lack the bandwidth to keep up with the evolving regulatory landscape.
Key differences between France and other countries are highlighted in the report. France has a lower whistleblowing rate compared to Germany or the European average, although French reports are more likely to be substantiated. French reports are also significantly less likely to be anonymous compared to practices in other countries and regions. Additionally, HR, diversity, and workplace issues dominate reports in France, accounting for nearly two out of three complaints addressed to French companies in 2023.
This guide is particularly significant for businesses operating in or expanding to France, as it provides essential insights into the unique aspects of French compliance and whistleblowing practices. It underscores the need for companies to adopt more integrated and culturally aware approaches to compliance, moving beyond mere regulatory adherence to fostering a culture of ethics and transparency.
Curated from News Direct
