Navigating Compliance and Regulation: Responsibilities in the Business World

Navigating Compliance and Regulation: Responsibilities in the Business World

Learning Objective

Understand the concept of compliance and its connections to regulation and governance in the business world.

What do you already know about compliance and regulation in business?

Introduction to Compliance

Definition of compliance, its emergence over recent decades, and the shifting responsibilities from nation states to the private sector.

Responsibilities of Businesses

Analyzing why businesses must now foreground their compliance responses and the background context for this shift.

Regulation and Governance

Understanding the relationship between compliance, regulation, and governance in the business environment.

Private Sector Responsibilities

Exploring the reasons for the private sector's increasing responsibility for various social issues.

The Significance of Risk

Examining the importance of regulating risks and its connection to compliance within business operations.

Why Regulate Risks?

Investigating why it is important for risks to be regulated and the implications of risk management on compliance.

Recap and Discussion

Recap the key concepts of compliance, regulation, governance, and risk in the business world. Open the floor for questions and discussions.

Write down 3 things you learned in this lesson.

Have students enter three things they learned in this lesson. With this they can indicate their own learning efficiency of this lesson.

Write down 2 things you want to know more about.

Here, students enter two things they would like to know more about. This not only increases involvement, but also gives them more ownership.

Ask 1 question about something you haven't quite understood yet.

The students indicate here (in question form) with which part of the material they still have difficulty. For the teacher, this not only provides insight into the extent to which the students understand/master the material, but also a good starting point for the next lesson.