Elements of an Integrated Corporate Compliance System

Luca Franceschini, Head of Integrated Compliance, Eni S.p.A., Italy

The term compliance generally refers to the set of instructions and procedures that allow an organization to meet the requirements of a «rule», whether of a legislative or regulatory nature. With such a broad meaning, in abstract it could embrace any activity, as it is difficult to conceive an area that does not operate in a more or less stringent regulatory context. Within a corporate organization, the competences of a compliance department are designed and implemented in a heterogeneous way, depending on specific regulations applicable to the various business activities, or on more or less consolidated best practices of the reference sector.