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may be possible to effectively manage the workforce , which is one of the most important factors that will distinguish your company from other competitors in the sector .
Investor Interest : Investors analyze companies in many aspects before making investment decisions . It can be said that some of the topics they consider are sustainability and business ethics . In addition to these , of course , the legal , financial and reputational risks of the companies and the problems that may arise in the future are also discussed in detail . At this point , compliance programs implemented in an effective manner are an important tool to reassure investors and to manage the conditions the company is in by keeping the risk level at the lowest level .
Reputation in the Eyes of the Customer : In the modern world we live in , one of the factors shaping consumer habits is related to the message companies give to consumers and how they position the product . In this context , consumers care about the quality , price and performance of the product as well as purchasing from an ethical brand .
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As such , instead of a brand that they do not find ethical , they may prefer its alternative , even if it is more expensive or of lower quality . Therefore , for companies today , avoiding verbal and physical harassment , violence , bribery and corruption scandals in the workplace is not only a legal requirement , but it has become just as important to maintain competition in the sector .
Savings from Fraud Awareness : According to the ACFE Report , companies lose 5 % of their revenues every year due to corruption . In 2022 , it was stated that the financial resources lost reached 3.6 Billion Dollars . Although this is the case , another interesting fact appears in the report . 95 % of the misconduct in the company actually repeats certain behavioural patterns . By systematically observing employee behaviour , taking measures to encourage compliance with compliance program requirements in groups that are considered to be at risk of misconduct , and designing behaviour-oriented projects , the risk can be minimised and the amounts lost each year due to corruption can be turned into a new resource for the company .
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Increased Growth with Trust and Reputation : Considering all the above-mentioned issues , it is of course an inevitable advantage for companies with effective compliance programs to achieve sustainable growth . In particular , companies with an ethical culture can be far ahead of their competitors in customer satisfaction , employee loyalty , innovation and many similar areas . Trust and reputation plays a key role to increase brand value among all the stakeholders .
In light of the aforementioned , it is necessary to go beyond seeing compliance programs as an element that eliminates risks and is mandatory for some sectors by administrative authorities . With the globalizing world and developing technology , diversification of employee expectations , increased awareness of customers , and turning their attention in different directions , investors also review many parameters and offer accordingly opportunities to companies . Therefore , the task of companies here is to establish a compliance program that meets all these expectations , is implemented effectively , and is adopted by all stakeholders of the company
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