Business counsel & compliance
Legal advice on compliance and controls
Legal advice on mapping obligations, assigning responsibility, establishing controls and handling exceptions.
Mapping the obligations
A compliance programme begins with products, customers, funds, data, employees, suppliers and operating countries. Obligations, owners, controls and reporting then follow.
The Companies Law and Securities Law are examples of frameworks that may apply, depending on the organisation and its activity; they do not create one compliance programme for every organisation. A generic list of laws is not a programme, and each relevant obligation must become a process that can be performed, tested and corrected.
Elements of the compliance programme
- Governance and authority: who decides and who oversees
- Policies and processes: what is actually required
- Training, reporting and escalation
- Testing, records and improvement after an exception
Fit the structure to the organisation
Whether an organisation needs an officer, compliance function or another control role depends on applicable law, activity, size and structure.
The aim is to create responsibility and processes that operate in practice - not a title disconnected from information, authority and the ability to remediate.
Sources and links
Selected sources for further reading on the law, record or process discussed on this page.
- Companies Law, 5759-1999 - consolidated textIsrael Securities Authority
Incorporation, corporate organs, shares, officer duties and remedies.
- Securities Law, 5728-1968Knesset - National Legislation Database
Reporting, inside information, fraud and reporting-corporation framework.