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One Governance
The protective shield for your company

In today’s world, companies are increasingly expected to “do things right” and to be able to prove that they have done so. The reason for this is not only law and order, but also social and cultural opinions and currents can be a triggering factor. This increases the risk of a company appearing in the wrong light, which can result in serious reputational damage. In addition, more and more business partners are attaching great importance to a functioning compliance system and inquire about it in advance of any cooperation. It is then at least annoying when important orders are not placed because the corresponding systems have not been established or are simply not presentable in an orderly manner.

The speed at which new topics are constantly coming to companies is constantly increasing. For example, the focus is no longer solely on classic compliance issues such as fraud, corruption prevention and money laundering or compliance with regulatory obligations, but more recently increasingly on sustainability promises and requirements. The topic of ESG (Environment, Social, Governance) is on everyone’s lips and is increasingly determining business models and corporate strategies.

But how do you monitor what your own organization is doing here? Where should controls start and where can you simply trust? Does the company have the appropriate skills and knowledge in the compliance department to be able to ask critical questions? Even more: Does the compliance opinion find sufficient hearing in the organization? Companies need to address all of these questions as part of a compliance health check to ensure they are prepared for current and future challenges.

When implementing new processes and structures in the company, great attention must also be paid to the employees as top performers. Change is motivating for some, but many employees are critical of changes in their work routines. Some lack a clear strategy in the company, others do not find themselves in the structure or a general feeling of being overwhelmed occurs. This also plays a major role in ESG as it relates to social and governance.

Consulting focus

  • Compliance

    For companies in all industries, compliance systems have become a mandatory part of corporate culture, whether to meet their own requirements or to continue to be an attractive cooperation partner in the market. For example, many large companies require their service providers to provide evidence of suitable measures to ensure their own compliance.

    We have a great deal of experience in defining an appropriate, risk-oriented compliance system for the company in question. In doing so, we build on the existing structures and check whether they are robust and future-proof. It is important to first understand whether the company has already developed a compliance culture and is pursuing a forward-looking strategy.

    Our consulting focus can be addressed with three questions:

    1. do you think you have all critical areas sufficiently in mind?

    2. how would you like to position yourself in the market and how important is compliance to you?

    3. are you prepared for the challenges that lie ahead?

  • Governance

    Clear processes, responsibilities and decision-making channels are key to an effective compliance structure.

    We offer you cross-industry knowledge and best-practice approaches to efficiently and sustainably define responsibilities, competencies and decision-making bodies within the company.

  • Compliance Training

    Knowledge and understanding are the keys to efficient auditing and defining target-oriented measures. As a rule, the profiles of employees have to be adapted to the new requirements in order to be able to deal with technology and testing material. Internal training helps to stay current, show key resources a progression, and ultimately strengthen the compliance function.

    We offer customized training so that you and your employees are optimally prepared for new as well as existing topics. In case of staff shortages, we can also support your company directly in the projects and provide representative functions.

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Publications

Transparency Register and Real Estate in Germany

Update: Excessive reporting requirements for foreign companies

German Transparency Register

Update: Excessive reporting requirements for foreign companies

Obligation to report to the transparency register

KPMG Law assists in the verification of the beneficial owner and, if requested, subsequently makes the notification to the transparency register.

Obligation to notify the Transparency Register

KPMG Law supports you in checking beneficial ownership and, upon request, can then notify the Transparency Register.

Your contact persons

Dr. Bernd Federmann

Partner
Stuttgart Site Manager
Head of Compliance & Corporate Criminal Law

Theodor-Heuss-Straße 5
70174 Stuttgart

tel: 0711 781923418
bfedermann@kpmg-law.com

Anne-Kathrin Gillig

Partner
Frankfurt am Main Site Manager
Head of Compliance and Business Criminal Law

THE SQUAIRE Am Flughafen
60549 Frankfurt am Main

tel: +49 69 951195013
agillig@kpmg-law.com

© 2024 KPMG Law Rechtsanwaltsgesellschaft mbH, associated with KPMG AG Wirtschaftsprüfungsgesellschaft, a public limited company under German law and a member of the global KPMG organisation of independent member firms affiliated with KPMG International Limited, a Private English Company Limited by Guarantee. All rights reserved. For more details on the structure of KPMG’s global organisation, please visit https://home.kpmg/governance.

 KPMG International does not provide services to clients. No member firm is authorised to bind or contract KPMG International or any other member firm to any third party, just as KPMG International is not authorised to bind or contract any other member firm.

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