Simply put, Compliance means conforming to the applicable rules. Corporate Compliance Practice is the structuring, implementation and the enforcement not only of rules, policies and the like but also of procedures, practices and management structures, i. e. the appropriate organization of control to effectively prevent violations of law. In this organizational respect Corporate Governance and Corporate Compliance are linked to each other. Therefore, attorneys specializing in Corporate Governance Law often also advise on Corporate Compliance projects, even though they frequently liaise with other specialists and work in multidisciplinary teams on suitable policy and risk management systems, internal control systems etc.
German law governing Corporate Governance & Compliance practice is complex and may differ substantially from the standards abroad. Therefore, in particular foreigners dealing with German entities should solicit competent advice in this respect.","DefinitionIsActive":true,"DefinitionCanDisplay":true,"DefinitionAuthorHtml":"Dipl.-Kfm. Dr. Maximilian Koch, Partner","DefinitionAuthorFirmId":31696,"DefinitionAuthorFirmName":"EY","DefinitionAuthorFirmHasProfile":false,"DefinitionAuthorFirmHasBlfProfile":false,"DefinitionAuthorFirmProfileImageUrl":null,"DefinitionAuthorFirmBlfProfileUrl":null,"DefinitionAuthorFirmProfileUrl":null,"OverviewHtml":"","OverviewCanDisplay":false,"OverviewAuthorHtml":"","OverviewViewUrl":"https://www.bestlawyers.com/germany/corporate-governance-and-compliance-practice","OverviewIsActive":false,"OverviewAuthorFirmId":null,"OverviewAuthorFirmName":null,"OverviewAuthorFirmHasProfile":false,"OverviewAuthorFirmHasBlfProfile":false,"OverviewAuthorFirmProfileImageUrl":null,"OverviewAuthorFirmProfileUrl":null,"DefinitionViewUrl":"https://www.bestlawyers.com/methodology/practice-areas/germany/corporate-governance-and-compliance-practice","OverviewAuthorFirmBlfProfileUrl":null,"LexicographicSortName":"3218","SearchItemType":1048576,"SearchItemTypeName":"PracticeAreaDefinition","SearchSortOrder":16,"SortTitle":"3218","HideFromSearch":false}};