Compliance and risk management

The foundation of our corporate responsibility strategy

2015 was a reference year for our companies from many points of view and one of the processes which is extremely relevant for the internal life of our company is the advancement and progress of our compliance system. We have focused our attention on developing the internal compliance culture by communicating its benefits and working closely with all functions to increase
awareness and understanding.

We started the 2015 year with the campaign “Trust is the core of our business”, having as key messages internal cooperation and our attitude towards the company’s clients and towards the company’s business partners. The year continued with “Compliance torch”, the symbol of equity and fairness. Finally, we have celebrated the 9th of December – the International Anti- Corruption Day, through a Group communication campaign. We believe that every single step matters in advancing our responsible business model.

 
 

Mihaela Ionita Legal, Corporate Affairs and Compliance Director Romania
Mihaela Ionita
Legal, Corporate Affairs and Compliance Director Romania

“I consider my area of responsibility as a key sustainability driver. Ensuring adoption of business decisions based on a solid legal frame, protecting both the company and the customers against future issues, is at the basic level of sustainable operation.

A special attention is paid to data privacy. In telecom industry, with our portfolio of products and services, addressed to a very large number of customers, constant efforts to enhance data protection by any means are just an example of our way to understand how we can contribute to a sustainable business rollout.”

 
 

Cristina Cojocaru Compliance Manager Romania
Cristina Cojocaru
Compliance Manager Romania

“The Compliance concept requires all employees to follow a set of internal rules and an ethical behavior, based on integrity, honest and credible communication, both with external partners, as well as with internal ones. We believe that every single compliant step, as small could it be, really matters in advancing our responsible business model.”

 
 

Olga Morosanu
Olga Moroșanu ERM and Subsidiaries Audit Manager

Risk management is a powerful corporate tool which, in the right set-up and appropriate implementation can help to:

  • Improve corporate governance;
  • Protect company’s reputation;
  • Encourage proactive management and improve decision making;
  • Reinforce risk culture.

Risk management is not done by ERM function. It is the tool and in the hands of each good manager.”