Sames Ltd. is a recently listed company. To cater to the growing reporting requirements, the company recruited various professionals across its finance and secretarial team. The Company Secretary was requested to prepare

CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · June 2021
Sames Ltd. is a recently listed company. To cater to the growing reporting requirements, the company recruited various professionals across its finance and secretarial team. The Company Secretary was requested to prepare a Compliance training and education programme for providing training to the new recruits. Briefly explain the objective and contents of such Compliance training programme.

Answer & Explanation:

Objective of Compliance Training Program A strong Compliance training and education programme reinforces the company's compliance culture. It builds awareness and understanding of compliance standards, procedures, guidelines and issues. The objective of Compliance training programme is to build awareness and understanding of: Company Framework, including the four conduct-related integrity risk areas; Roles and responsibilities outlined in the policies and framework; Critical and high compliance obligations identified in the Compliance Chart; The process for addressing compliance issues and reporting concerns, and Consequences of failing to meet compliance obligations. An annual plan for Compliance Risk related training and education must be developed and updated, as necessary, and should indicate the target audience and training delivery method. Compliance Risk related training program should, to the extent possible, be integrated into the training plans. Contents of Compliance Training Program The plans for compliance training and education program must include: Concise statements that capture the relevant internal and external compliance obligations and the risks arising from those obligations; The business processes to which the compliance obligations are linked or on which they have an impact; Brief description of the training or education activity; Target audience (refresher for existing Employees, induction for new Employees, or Adhoc when required); Frequency of training or education activity

Topics: Compliance Management

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