Eight compliance challenges facing European companies in coronavirus crisis
With the exception of essential services, Europe is now at a standstill: In most European Union countries, companies have shut up shop, halted production, mothballed their operations, and sent their employees to work from home – if performing any kind of duties is still possible, that is.
The unprecedented impact the coronavirus pandemic is having on business has produced fresh concerns compliance officers need to address – and quickly. While remote working poses practical problems, such as procuring enough laptops, ensuring connection quality is high enough, or even having enough food for employees still working on site now that restaurants and cafes are shut, operational changes are likely to result in serious legal and regulatory challenges. In a new published article, Compliance Week’s business journalist Neil Hodge summarizes eight compliance challenges that organizations are likely to face as Europe’s lockdown continues.