A Company Secretary P of ABC Ltd. is of the view that the companies that practice positive ethics and effective compliance management program, deep within their culture, often enjoys healthy returns through employees and

Yes, Compliance with the requirements of laws through a compliance management program can produce positive results at several levels: Go to the extra mile and lays the foundation for the control environment. Likely to avoid stiff personal penalties, both monetary and imprisonment. Companies that embed positive ethics and effective compliance management program deep within their culture often enjoy healthy returns through employees and customers loyalty and public respect for their brand, both of which can translate into stronger market capitalization and shareholder returns. Safety valve against unintended non compliances/ prosecutions, etc. Cost savings by avoiding penalties/fines and minimizing litigation. Better brand image and positioning of the company in the market. Enhanced credibility/creditworthiness that only a law-abiding company can command. Goodwill among the shareholders, investors and stakeholders. Recognition as Good corporate citizen. The benefits of implementing and maintaining an effective compliance program far outweigh its costs. Not only does the compliance management protect investor's wealth but also helps the business in running successfully with any potential risk being addressed in a timely and accurate manner.