During the past few decades compliances with regulations, rule of law, and good practices have been eroding in Sri Lankan society. In a satisfying society: People live in peace, free from the threat of violence, oppression, and crime. Everyone’s inherent dignity is respected. Governing institutions act with integrity, are accountable to citizens and are subject to the rule of law.

Social discipline is a fundamental part of a prosperous society. Its existence is possible only if the members of the society believe in the concept of compliance with rule of law and regulations in full.

Discipline, which involves rules and regulation is the basic element of a society’s functionality.

Disciplined individuals provide an effective system of socialization to make them faithful to the concept of social control. 

It is a question of whether the majority of our society understand the importance of adhering to laws and regulations, or whether such requirement exists. Do we understand compliance with regulations is individual citizens’ social responsibility or believe it is a rule or command to follow? Or is it the popular belief that noncompliance brings greater benefits?

Whatever the case maybe it is a fact that non-compliance to rules of nature or ethics, rules and regulations set out by humanity will never bring prosperity to any country, society, establishment, or individual.

In a corporate environment, failing to comply with laws and regulations leads to expensive lawsuits, fines, business disruptions, loss of brand reputation, and abandonment by customers and stakeholders. By adhering to regulatory and operational compliances, you insulate yourself from risk and lay the framework for sustainable and smooth operation in all areas across your business.

In addressing the issue, the Institute of Governance and Compliance, in partnership with the International Compliance Association, and the University of Manchester in the United Kingdom, introduced a range of training programs, to train Sri Lankan corporate sector employees in Governance and Compliance.

IGCSL realize the importance of educating different segments of society to comply with laws, regulations, ethic, and good practices. No country can achieve economic prosperity or any other objectives without a society enriched with good governance. broadly speaking the pathway to good governance can be achieved through compliance with laws, regulations, and ethical practices.

IGCSL Corporate Governance & Compliance education offers comprehensive knowledge in good management practices.

All levels of Governance & Compliance programs delivered by IGCSL are fully accredited and internationally recognized qualifications.

Courses offered by IGCSL in the subject areas of Governance, Risk, Compliance, and Anti Money Laundering will bring immense value for both employees and employers in Banking, Finance, Insurance, and Health Care & especially for publicly quoted companies where strict regulatory compliance procedures are to be adhered to.

Global corporates are continuously hunting for professionally qualified individuals with broader knowledge in Corporate Governance, Compliance processes, transparency, and accountability for reducing conflicts in operational aspects.

Institute of Governance and Compliance

[email protected]

0

You may also like