Can medium-sized companies benefit from compliance?

Can medium-sized companies benefit from compliance? María Pardo de Vera, partner in the compliance and data protection areas, reflects on this issue in El Economista: "In a medium-sized company, compliance can be implemented in a proportionate and affordable manner. And its return is not limited to avoiding penalties: it also translates into access to more contracts, greater market confidence and a greater ability to attract investment. In fact, for many financing or capital raising operations, having a solid compliance system is now a requirement."

Our expert adds that ‘compliance acts as a real insurance policy for the continuity of the company: it protects against legal contingencies, strengthens reputation and minimises the impact of any incident.’

As for the best way to implement compliance in medium-sized companies, our lawyer points out that ‘the path for a medium-sized company involves a progressive approach: identifying the areas of greatest risk, implementing essential policies, training the team specifically and reviewing periodically to adapt to changes.’