The client and context:
- The client is the biggest player worldwide in cableway transport solutions.
- It has a highly vertically and horizontally integrated model, exporting to 88 countries and have more than 35 subsidiaries across 5 continents.
- Goal: implementation of compliance in across one whole continent zone where subsidiaries are based but also the rest of the continent with local agents.
The challenges:
- Implementation in high corruption countries with specific culture and laws.
- The client wanted to use their corporate code of conduct and rules.
- Finally, the client had a wish to also respect to the local rules in any countries that were not in full coherence with their rules.
- Think global and adapt local.
What we Did:
- We reviewed the global information and practices from the corporate
- We double checked the objective of the board and create a team with the compliance officer, the C.E.O for the zone and all Country managers.
- We translated everything to the local language to be sure that anyone could understand.
- We looked at the local laws against what is considered corruption and compared it with group policies, in order to mitigate differences.
- Some of these new subsidiaries were not aware of the global policies.
- We decided to go from top to bottom and give some training on site.
- We helped them realize how important these are on a corporate level.
What we achieved:
- We reviewed the global information and practices from corporate, and identified lack of communication and best practices between Corporate and local subsidiaries, and provided solutions.
- We implemented: Code of conduct, anti-bribery & corruption policy, and data protection policy in all subsidiaries.
- We made a special traceability procedures for the referent agent, which comply with the laws.
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MEET OUR
Expert Team
Expert Team
Mariana Durlesteanu
Senior Partner, Eastern Europe & Central Asia | Public Development, Debt Restructuring, Syndication
Marc Hoelmer
Senior Partner, ASEAN | Operational Transformation, Organizational Efficiency, Innovation Strategy
Hassan Al-Shama
CEO | Strategy, Real Estate, Commerce
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