Authors : Yoke Paramita

Volume/Issue : Volume 8 - 2023, Issue 7 - July

Google Scholar : https://bit.ly/3TmGbDi

Scribd : https://tinyurl.com/yc8sx2rx

DOI : https://doi.org/10.5281/zenodo.8355390

Abstract : The achievement of compliance maturity in accordance with the Compliance Management System’s design is the main objective in the effort to create and safeguard corporate value in line with ISO 37301:2021 standards. This research aims to identify, analyze, and evaluate risk management, particularly compliance risk, as well as to understand the factors that support the development of a compliance culture with the company’s value, objectives, and strategies. The research findings indicate that the company has implemented a well- functioning compliancemanagement system, particularly through a compliance function supported by a commitment to a compliance culture. This commitment is reflected in the establishment of a compliance organizational structure for the compliance function, the mapping of existing policies, documents, and records needs improvement by adopting the ISO 37301:2021 Compliance Management System approach. Consequently, the compliance culture can be strengthened throughout the company’soperations and at all levels of the organization. In order to achieve the desired maturity level, the company needs tocontinually enhance the implementation of the compliance management system. This will ensure that the compliance culturebecomes as inherent value and is reflected in all aspects of the organisazation, encouraging more effective compliance risk management, and ultimately, yielding optimal protection of the company’s value.

Keywords : Compliance Management System, Compliance Risk, ISO 37301:2021.