On April 15-19, 2019, the Corporate Governance Professional Association in cooperation with the Center for International Private Enterprise (CIPE) and the Ukrainian Corporate Governance Institute conducted the Program for the Compliance Officers.
15 students received their certificates. Among the students were representatives of state and private companies, investment, consulting and retail businesses.
Oleksandr Okuniev, Chairman of the CGPA Management Board, disclosed the notion of compliance and anti-corruption compliance. He also stopped listeners’ attention on the competitive advantages of business with the implemented compliance policy. He described the international normative documents, requirements of the legislation of other countries, applicable to Ukrainian subjects, the requirements of Ukrainian legislation. It was interesting to consider cases of anti-corruption investigations in Ukraine and abroad.
Oleg Boyko, an Independent Corporate Governance, Risk and Compliance Consultant (GRC), familiarized the group with the place and role of anticorruption compliance in the organization, dwelt on the model of three lines of protection. He described the career of an anti-corruption compliance officer and also highlighted the elements of anti-corruption program. O. Boyko disclosed the concept of an anti-corruption program (ACP), talked about the supervision of ACP, and also focused on the main elements of ACP. One class was devoted to the elements such as the Code of Ethics, as well as internal control and reporting. Interesting for the listeners was the Business Game “Notice of Violation”.
Pavlo Verhnyatsky, Founder and CEO of COSA, told about the corporate intelligence in the compliance system to the audience. He dwelt on such sub-themes as: complicity in modern geopolitical conditions; compliance as a key component of corporate security; as well as tools and methods of corporate intelligence in the compliance system.
Oleksiy Povolotsky, Director of Corporate Governance, Risk Management and Compliance, DTEK, and Katerina Naumenko, Compliance Officer of the DTEK Group, revealed the essence of compliance in the unregulated sector. They identified the causes of increased attention to compliance, namely: lawmaking and enforcement practice in the area of combating corruption and sanction regimes; the whole world speaks of it: the purity of doing business is the key to economic growth; increasing responsibility for non-compliance with anti-corruption requirements and sanction regimes.