Compliance Department of Zavarovalnica Triglav, d.d., performs one of the key functions in the system of governance of the company and presents a part of the so-called Second line of defence in a three-level internal control system. Established in 2007, since 2015 the Compliance Function is organised as an independent department, responsible directly to the Management Board.
Tasks of the Compliance Department primarily include the control and management of risks, arising from regulatory compliance and compliance with the internal rules and policies of the company as well as monitoring and management of risks, arising from our business relationships. Zavarovalnica Triglav's Compliance department also plays a major role in striving for higher standards of business ethics and strenghtening the corporate culture of the company.
The goals of Compliance Department could be summed up as an implementation and management of a system:
- through which the company can act preventively, to reduce its regulatory risks;
- which encourages transparency and legality and promotes a fairness-oriented corporate culture, subsequently safeguarding the interests and preserving the trust of our stakeholders in line with our core values;
- that enables the management to perform its due oversight and consequently, guards the company against liabilites stemming from regulatory and other non-compliance caused by employees or other persons acting on its behalf;
- that implements uniform minimal standards of conduct in Triglav Group, which apply to all market transactions linked with the Triglav trademark.