Based on business need Procure.az can support organizations to build its own compliance function or act as one for organization.
The Corporate Compliance function, acts as an independent and objective body that reviews and evaluates compliance issues / concerns within the organization. Function ensures the Board of Directors, management and employees are in compliance with the rules and regulations of regulatory bodies, that company policies and procedures are being followed, and that behavior in the organization meets the company’s Code of Conduct.
Compliance function may also perform:
- As a channel of communication to receive and direct compliance issues to appropriate resources for investigation and resolution, and
- As a final internal resource with which concerned parties may communicate after other formal channels and resources have been exhausted.