Compliance Management Support

Compliance Management and Support

In an era of increased accountability, stakeholders are taking a significantly keener interest in ensuring that the entities that they are associated with are compliant. Not just the senior leadership of various companies, even investors, independent directors and business partners now expect a unified and standardized compliance management strategy to help enforce consistent regulatory compliance and controls processes. Having partnered with some of India’s leading organizations over the past two years, Lexplosion is perfectly positioned to assist your company in its endeavor to achieve this through its a platform-driven legal governance, risk and compliance management system.

Lexplosion undertakes a phased approach to evaluate the compliance ecosystem of the companies and strengthen their monitoring of compliance status on an ongoing basis. The regulatory compliance management lifecycle comprises of the following set of activities –

  • Identification of all regulations that apply to each of these companies.
  • Creation of a comprehensive inventory by breaking down regulations into easy-to-use checklists.
  • Uploading the compliance inventory onto a digitized solution to provid ongoing triggers to the portfolio companies as well as management oversight to the fund.
  • Comprehensive or focused audit to assess the existing compliance gaps
  • Report out of audit findings with recommendations for corrective action
  • Legislative monitoring on an agreed frequency to track changes in compliance standards/codes.