KNOWLEDGESHARING

DESIGN OF THE COMPLIANCE FUNCTION

A STRONG COMPLIANCE FUNCTION STARTS WITH A SOLID STRUCTURE

How do you ensure that Compliance is properly positioned within the organisation so that it can have the greatest possible impact? Which roles, responsibilities and competencies are required? And how do you ensure that the function is properly embedded within the organisation? What is the best way to assess and balance risks?

The VCO Knowledge Table on Compliance Function Design (KT IC) brings together compliance professionals from different organisations and sectors to share knowledge and practical experience. We translate this knowledge into practical tools that professionals can use in their own work.

WHAT DOES THE KNOWLEDGE TABLE DO?

There is no single blueprint for an effective compliance function. The appropriate structure depends on factors such as the organisation, sector, governance, risks, culture and the development of the relevant competencies.

The KT IC therefore focuses on:

  • Sharing knowledge: exchanging experiences, insights and good practices.
  • Developing practical tools: translating knowledge into concrete building blocks for practical use.
  • Connecting perspectives: learning from different organisations and sectors.
  • Providing input: helping VCO members with questions concerning the design of their compliance function.

GET STARTED WITH OUR BUILDING BLOCKS

The Knowledge Table has developed three building blocks to help design, evaluate and further develop the compliance function. Use them individually or in combination and adapt them to the context of your organisation.

1. Mission, vision & environmental scan

Determine what Compliance stands for and what your organisation needs.

This guide helps you define the mission, vision and core values of Compliance. Using a practical step-by-step plan and an internal and external environmental scan, you can translate these into an approach that suits your organisation.

View The Guide

2. Compliance Charter

Clearly establish the position and mandate of Compliance.

The Compliance Charter is a practical template for documenting the objectives, position, scope, duties, authority and responsibilities of the compliance function, among other matters.

View The Compliance Charter

3. EICP Professional Competency Profile

Identify the competencies required.

The EICP Professional Competency Profile provides insight into the competencies associated with different roles and career stages. The profile is based on VCO’s core values of expertise, autonomy, diligence and engagement and can be used for purposes including professional development, recruitment and team building.

View The Professional Competency Profile

Attachment From The Professional Competency Profile

The three building blocks complement each other:

Setting the direction → Mission, vision & environmental scan
Designing the function → Compliance Charter
Defining competencies → EICP Professional Competency Profile

Together, they provide a practical starting point for a compliance function that suits your organisation.

A PRACTICAL QUESTION?

Are you facing an issue concerning the design of the compliance function or the use of one of the building blocks? Feel free to submit your question to the Knowledge Table.

VCO members can have a confidential discussion with one of our Knowledge Table members. After you submit the form, we will connect you with someone who has the appropriate knowledge and experience.

Submit Your Question

CONTRIBUTE OR PARTICIPATE?

Could the compliance function be designed more effectively? Do you have ideas for new topics or tools, would you like to share your experience, or are you interested in participating in the Knowledge Table? Contact us at info@vco.nl or get in touch with one of the members listed under “Who we are”.

WHO ARE WE

Lotte van Meerten (co-voorzitter)
Ard Ruiter (co-voorzitter)
Nicole Verheij
Mirjam Veen-Hendriks
Alena Scholten
Maarten van Veen
Jeffrey Sinoo
Robin van Essen
Joost Damen
Cynthia Gajadhar
Jane Rudge
Eelco Rommens
Evelyn Bell
Frank Stockmann