Page 43 - CORRUPTION LATAM

MONTT GROUP MAGAZINE - 2024
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compensation that would have to be covered by Senior Management and the Executive team; Not to mention that the culture of compliance increases the intangible value of the Company, this being a positive differentiating factor in the market, improving competitiveness, reputation and trust in the market, an opportunity to strengthen long-term business resilience and sustainability. The impact of Law No. 31740 goes beyond the economic aspect, since it promotes a profound cultural change within companies, promoting a culture of integrity and transparency not only improves the trust of customers, investors and other stakeholders, but also It also attracts and retains talent, creating a safer and more ethical work environment.
conclusion
Law No 31,740 represents a transformative change for the business sector in Peru, establishing a new standard of responsibility and compliance. Its implementation not only strengthens the fight against corruption and other economic crimes, but also promotes a culture of integrity and ethics in organizations. Companies must adapt to these regulations by investing in compliance programs, audits, continuous training and information technologies, which may initially increase operating costs; However, these expenses should be seen as a strategic investment that, in the long term, can prevent sanctions, costly litigation and damage to reputation, generating significant savings not only in cash, but in time and contingencies with the Public Administration or the Power of attorney. The impact of Law No. 31740 goes beyond the economic aspect, since it promotes a profound cultural change within companies, promoting a culture of integrity and transparency not only improves the trust of customers, investors and other
stakeholders, but also It also attracts and retains talent, creating a safer and more ethical work environment.
this impact promotes a cuLturaL change Within companies toWards greater ethics and compLiance, transforming the Way in Which businesses are conducted, Which is Why it is common for companies With a high LeveL of competitiveness to have a cuLture of integrity. and transparency in aLL its operations, ensuring that aLL empLoyees, from senior management to the operationaL LeveL, understand and adopt the ethicaL vaLues of the organization.
The law also opens up new business opportunities, since regulatory compliance can be a positive differentiator in the market. Companies that adopt these principles will be better positioned to compete and thrive, strengthening their resilience and long-term sustainability; Law No. 31,740 is not only a legal tool to combat corruption, but also a catalyst for positive change in the Peruvian business sector, companies that align with these new standards will be better prepared to face the challenges of the global market, building a solid and trustworthy reputation with its clients.
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