Asked by cristian sanchez on Apr 29, 2024

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_____________ is a global compliance management standard that addresses risks, legal requirements, and stakeholder needs.

A) Ethical Trading Initiative
B) UN Global Compact
C) Defense Industry Initiative on Business Ethics and Conduct
D) Stakeholder theory
E) ISO 19600

ISO 19600

An international standard providing guidelines for compliance management systems, helping organizations to manage their compliance risks.

Global Compliance

The practice of ensuring that a corporation in multiple countries complies with all the applicable laws and regulations, both domestic and international.

Management Standard

A set of principles, models, or practices that guide and improve the effectiveness of management within organizations.

  • Recognize the role of ethics initiatives and ethical guidelines in cultivating ethical atmospheres within businesses.
  • Appreciate the importance of transparency and accountability in financial reporting.
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Gracful foryouMay 01, 2024
Final Answer :
E
Explanation :
ISO 19600 is a global compliance management standard that outlines the requirements for an effective compliance management system that addresses risks, legal requirements, and stakeholder needs. It provides guidance on establishing, developing, implementing, evaluating, maintaining, and improving an effective and responsive compliance management system.