COMPLIANCE CONSULTING AND PROSPECTS OF ITS DEVELOPMENT IN UKRAINE

Author
, associate professor, Kharkiv, Pushinska, 77
, Master of Economics, Master of Law, Ukraine

In heading

 Economic theory;

Signed print

 25.06.2021

Issues number

 2021-№2 (45)

Page

 68-86

Type of articles

 Scientific article

Code UDK

 339.138:005.942(477)

ISSN print

 2411-5584

Abstract

 The article defines the content and principles of organizing the compliance consulting practice. The author has highlighted the following trends in the development of the Ukrainian compliance consulting market: a) the absence of highly specialized consulting companies in the field of compliance in the market and the leadership of universal companies; b) the presence of demand for both the full package of compliance consulting services and its individual components; c) the spread of compliance functions outsourcing; d) weak information content of the market; 5) isolation of the anti-corruption compliance in the form of a separate consulting practice.

Keywords

 consulting, compliance, compliance consulting, compliance risk, compliance policy, anti-corruption compliance, compliance consulting market.

Reviewer

External reviewer

Article in PDF

 68-86

Bibliography

 1. Griffith, S. J. (2016). Corporate Governance in an Era of Compliance. William & Mary Law Review, 57 (6), 2075-2140. Retrieved from https://scholarship.law.wm.edu/cgi/viewcontent.cgi?article=3657&context=wmlr.
2. Pererva, P. G. (2017). Komplaens-programma promyshlennogo predprijatija: celi i zadachi [Compliance program of an industrial enterprise: goals and objectives]. Visnyk NTU «KhPI». Seriia «Ekonomichni nauky» – Bulletin of NTU «KhPI». Economic Sciences Series, 24, 153-158. Retrieved from http://repository.kpi.kharkov.ua/bitstream/KhPI-Press/31263/1/vestnik_KhPI_2017_24_Pererva_Komplaens-programma.pdf [in Russian].
3. Filippovich, A. A. (2018). Komplaens v predprinimatel’skoj dejatel’nosti: istorija stanovlenija, obshhie polozhenija, problemy formirovanija v Rossijskoj Federacii [Compliance in entrepreneurial activity: history of formation, general provisions, problems of formation in the Russian Federation]. Vestnik Moskovskogo gosudarstvennogo juridicheskogo universiteta imeni O. E. Kutafina – Bulletin of the O. E. Kutafin Moscow State Law University, 3, 225-233. DOI: https://doi.org/10.17803/2311-5998.2018.43.3.
225-233 [in Russian].
4. Cherepanova, V. A. (2019). Komplaens-programma organizacii [Compliance program of the organization] (4th ed.). Moscow: Infra-M Academic Publishing LLC. DOI: https://doi.org/10.12737/textbook_5ba3bb33842875.14064221 [in Russian].
5. Nieizviestna O. V. (2017). Doslidzhennia praktyky komplaiens u strakhovykh kompaniiakh Ukrainy [Research of compliance practice in insurance companies of Ukraine]. Aktualnі problemy ekonomіky – Current economic problems, 3, 267-273. Retrieved from http://elibrary.donnuet.edu.ua/296/1/Nieizviestna_article_01_03_2017.pdf [in Ukrainian].
6. Posthuma, R. A. (2021). High Compliance Work Systems: Innovative Solutions for Firm Success and Control of Foreign Corruption. Business Horizons, 64 (3). DOI: https://doi.org/10.1016/j.bushor.2021.02.038.
7. Kirchmaier, T., & Selvaggi, M. (2006). The Dark Side of ’Good’ Corporate Governance: Compliance-Fuelled Book-Cooking Activities. FMG Discussion Paper, 559, 1-29. DOI: https://doi.org/10.2139/ssrn.895362.
8. Bahoo, S., Paltrinieri, A., & Alon, I. (2020). Corruption in international business: A review and research agenda. International Business Review, 29 (4). DOI: https://doi.org/10.1016/j.ibusrev.2019.101660.
9. Ovsiienko, O. V. (2018). Komplaiens u biznes-administruvanni ta yoho rol u stvorenni efektyvnykh norm hospodarskoi povedinky [Compliance in business administration and its role in creating effective norms of economic behavior]. Ekonomichnyi prostir – Economic space, 134, 173-185. DOI: https://doi.org/10.30838/P.ES.2224.050618.173.121 [in Ukrainian].
10. Pro zapobihannia koruptsii: Zakon Ukrainy vid 14.10.2014 № 1700‑VII. (2014). [On prevention of corruption. Law of Ukraine dated October 14, 2014]. Retrieved from https://zakon.rada.gov.ua/laws/card/1700-18 [in Ukrainian].
11. National Agency for the Prevention of Corruption (2017). Pro zatverdzhennia Metodychnykh rekomendatsii shchodo pidhotovky ta realizatsii antykoruptsiinykh prohram yurydychnykh osib: rishennia Natsionalnoho ahentstva z pytan zapobihannia koruptsii vid 22.09.2017 № 734 [The decision «On approval of Methodical recommendations on preparation and implementation of anti-corruption programs of legal entities»]. Retrieved
from https://zakon.rada.gov.ua/rada/show/v0734884-17 [in Ukrainian].
12. Marchenko, O. S., & Yarmak, O. V. (2015). Networks of value creation and pricing consulting services: theoretical frameworks and models. Aktualni problemy ekonomiky – Current economic problems, 12, 17-23. Retrieved from http://dspace.nlu.edu.ua/bitstream/123456789/12082/1/Marchenko_Yarmak_17-23.pdf [in Ukrainian].
13. ProZorro (2020). Tendery. Komplaiens [Tenders. Compliance]. Retrieved from https://prozorro.gov.ua/tender/search?query=комплаєнс [in Ukrainian].
14. ProZorro (2020). Tendery. Forenzik [Tenders. Forensic]. Retrieved from https://prozorro.gov.ua/tender/search?query=форензік [in Ukrainian].
15. KPMG (2016). Mezhdunarodnoe issledovanie funkcii komplaens: issledovanie [International Compliance Study]. Retrieved from https://home.kpmg/content/dam/kpmg/ru/pdf/2017/07/ru-ru-international-compliance-survey.pdf [in Russian].__

Code DOI

 10.31359/2411‑5584‑2021‑45‑2‑68

05.07.2021