“Compliance crises are significant events for companies today. They can have a considerable negative impact on companies, their employees and their shareholders. There are daily reports in the media about breaches of the law, and the treatment of the companies in question is often rude. Moreover, public opinion has shifted: breaches of the law and violation of regulations in companies are no longer perceived as “trivial offences” and instead met with public disapproval.
Against this backdrop, companies are well advised to react swiftly and correctly once they become aware of a breach of compliance”
Engelhoven/Pragal, in: “Richtiges Verhalten in der Compliance-Krise“ [“Correct Behavior in a Compliance Crisis”] (1st edition., ed.: Philipp Engelhoven) § 1 para. 1.
