Received:
2018-06-20 | Accepted:
2018-11-25 | Published:
2019-03-30
Title
Content of a Intra Group Compliance Agreement as a risk mitigating factor
Abstract
The contribution deals with the topic of relationship between the mother company and the daughter company, specifically how to set up, control and verify the compliance rules in the daughters company acc the standards important for the mother company. Current legal and managerial environment require to implement the same lavel as applied by the mother company not only to protect its shares in the subsidiaries but more likely to create a shelter and mitigate possible risk for the conduct of its subsidiary in its country, culture and environment. The contribution shows the possibility to implement the compliance rules and the compliance manangemtn systemof the mother company in the daughter company through the so-called intragroup agreement as a frame to set up a correct control, reporting, consequence management in the daughter company. It also draws a line how the compliance should be taken in the subsidiary in relation to the position of created compliance office, that needs to be stablished and manged in the separate line stream form the line management to ensure its independence. The authors show the relevance of this model also by particular decision of the legal practice, mainly quoting plea bargaining of the accused legal persons from corruption or moneylaundering conducts.
Keywords
compliance, effectiveness, criminal responsibility, post-acquisition, SPV, sanctions, vulnerability, mother-company, daughter-company, intra group relations.
JEL classifications
M14
, M16
URI
http://jssidoi.org/jesi/article/279
DOI
Pages
1195-1204
Funding
This work was supported by the Slovak Research and Development Agency under the contract No. APVV-15-0267
This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License
Journal title
Entrepreneurship and Sustainability Issues
Volume
6
Number
3
Issue date
March 2019
Issue DOI
ISSN
ISSN 2345-0282 (online)
Publisher
VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania
Cited
Article views & downloads
HTML views: 3698 | PDF downloads: 1735
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