On September 28, 2024, the President of the Ukrainian School of Elites (UASE) Yuriy Safonov participated in the seminar “Compliance. The Reputation of Business” at a meeting of business and NGO leaders organized by LeaderImpact.
According to studies from various independent consulting agencies, reputation adds 20 to 40% to a business’s capitalization. In contrast, employee dishonesty costs a company 5-10% of its gross income. In the context of Russia’s military aggression against Ukraine, new risks arise, many of which organizations are unaware of.
Reputation adds 20 to 40% to a business’s capitalization. In contrast, employee dishonesty costs a company 5-10% of its gross income.
In developing the Ukrainian School of Elites, we paid special attention to ensuring the organization complies with current Ukrainian legislation, as well as international organizational practices and moral-ethical standards, heeding the advice of top specialists.
Marianna Rozumna is a Doctor of Sciences in the field of “Mediation and Dispute Resolution.” She led the legal support department in banking at Piraeus Bank and was a legal advisor at Citigroup. Since 2016, she has headed the Compliance department at Datagroup.
The expert for the seminar was Marianna Rozumna (Legal and Compliance Executive, Datagroup & Volia Ukraine), who answered participants’ questions and shared important insights about compliance with legal requirements under current conditions and valuable experiences gained over her years of professional activity in compliance.
Special attention was given to the increased responsibility of Ukrainian organizations regarding the selection of foreign counterparties, their reputational checks, and preventing interactions with sanctioned individuals and similar risks.
The moderator of the meeting was Ukrainian School of Elites’ volunteer and representative of the WEA Business Coalition in Ukraine Oles Dmytrenko, and the event was organized by the International Movement LeaderImpact, led by Andriy Holotsvan.
Among the topics discussed at the seminar were:
- What examples from legal and managerial practice clearly demonstrate compliance and exemplary adherence to legal requirements in this area?
- What is “compliance” and why is it necessary for organizations?
- Is compliance needed in a small company?
- What administrative consequences can organizations face for neglecting compliance?
