sharing in governance of extractive industries
Regulatory compliance. Two words that can send a shiver down the spine of the most experienced Project Manager. While compliance makes a lot of sense (in most cases that is), it shouldn’t slow down or have a negative impact on your operations.
Put simply, trying to be compliant means doing things the right way, according to laws, policies and regulations. While many of them are imposed by local authorities like governments, others represent a choice that an organization made at some point in order to align with its values, like B Corp Certification, ISO Standards, permit obligations, and AA1000 stakeholder engagement standard, for instance.
Even if many see compliance at a necessary evil, it’s first and foremost a warranty for regulators and governments that external organizations are doing business in respect of local customs and regulations. Plus, it’s definitely a piece of the puzzle for projects that are struggling to maintain their social license to operate. If you’re at least compliant with state and national laws, you must be doing something right.
Even if compliance can seem like a burden, if you’re well prepared using proven processes and the right technological tools, you should be able to tame that beast!
Continue to read : https://www.boreal-is.com/blog/make-sense-your-of-compliance-data/
Add a Comment