e-Learning Blog

Compliance refers to the act of following laws and regulations in Japan, but it is not enough to simply avoid direct violations of laws.
In addition to complying with laws, it also encompasses a wide range of actions such as adhering to ethical standards, contributing to society, and following internal rules and business manuals.

Specifically,

There are things like this.
This also includes prohibiting employees from being forced to work excessively and engaging in harassment.
In addition, employees are
Do not do it.
In other words, any corporate activity that goes against social justice or ethical values, even if it falls within the scope of the law, is considered a compliance violation.

1. Changes in Compliance Values

In the past, compliance violations were rarely condemned by society unless they violated the law and were covered by the media.
However, the standards of social justice and ethical values have changed significantly with the times, and their scope has become wider.
There has been an increase in cases where both corporate executives and general employees unknowingly commit compliance violations.
Moreover, with the recent rise of social media, anyone can easily share inappropriate videos or comments, making them easily known to the public.
For a wide range of compliance violations, it is important to be aware of what precautions are necessary and to provide compliance education to all employees. Otherwise, there is a high risk of it developing into a major problem.
Relying solely on the voluntary morals of employees is not enough to avoid risks.
It is important for the company to clearly define what should not be done as a compliance violation, and for all employees to be aware of and share this information.

2. Thorough compliance increases corporate value and reduces bankruptcy risk.

Companies that have strong compliance practices can lead to a positive social evaluation as a healthy company and can enhance the brand value of the company.
Through compliance education, it is possible to prevent inappropriate behavior by all employees, or to detect and correct such situations early on, and to prevent or minimize the impact on management.
Examples of compliance violations include,

There are various risks such as these.
These risks can lead to liability for damages, administrative penalties, or criminal responsibility.
As a result, it can damage the trust of stakeholders such as consumers and business partners, have a significant negative impact on business, and potentially lead to bankruptcy.

3. The top risk in corporate investigations is compliance violations.

Tokio Marine & Nichido Risk Consulting Co., Ltd. conducted a "Risk Management Trends Survey" for companies in 2019, and "Compliance Violations and Governance Issues" ranked first, surpassing risks such as "Labor and Employment Issues," "Information and System Risks," "Earthquakes, Volcanic Eruptions, and Tsunamis," and "Defects in Products and Services."
The results showed a strong focus on "Strengthening Compliance Systems."
It is clear that many companies consider compliance to be essential for corporate management.

Compliance education is necessary for all employees, including top management.
However, in 2020, due to the COVID-19 pandemic, it was difficult to conduct group education as it was necessary to avoid the "3 Cs" (closed spaces, crowded places, and close-contact settings). Even if group education is possible, the concept of compliance has changed over time and covers a wide range. It is not easy to conduct appropriate compliance education within the company. However, with e-learning, even one person can learn effectively and achieve better learning than group education.

e-learning is a method of learning that mainly uses computers and the internet to learn various subjects. It has many advantages that traditional classroom education does not have, such as the following:

1. Can be learned at the learner's own pace without time or location restrictions.

With an internet connection and equipment such as a computer, you can learn at your own pace, regardless of location or time. Some materials also offer microlearning, where you can effectively learn in small increments of 5 or 10 minutes, or repeat the same content multiple times.

2. The latest educational content can be provided regardless of the quality of the instructor.

There is no variation in training content by instructors. The same quality education is provided by excellent instructors. In addition, because materials are digital, it is easy to make revisions and it is easy to take courses with the latest educational content. In recent years, not only text but also videos can be used, making it possible to have more effective education than group education.

3. Progress of learning can be centrally managed

Automatically process and manage the progress and test results of all participants.

4. Can be implemented at low cost for many learners with uniform education

There is no need to gather all the learners in one place, even if there are many of them. There is also no need to arrange a location. In addition, costs such as meetings with instructors, printing materials, and venue fees can be reduced, making it a low-cost option compared to group education.

We introduced the important reasons for corporate management to conduct compliance education and the effectiveness of e-learning in the harsh times of the COVID-19 pandemic. With e-learning, it can be implemented even with remote work. Also, we recommend considering it at this opportunity as trials are also possible.

Compliance Measures in Corporations <Basic Knowledge>

Compliance Measures in Corporations <Case Studies>