Often when a client calls wanting advice on an internal compliance matter and I ask what the Company Policy is, the standard answer is “I am running a business; I don’t have time for all of those policies” or “We are so small there are not enough of us to have all of this paperwork in place”. The truth is that a lack of process and policies can mean a considerable amount of time spent on labour issues than most employers would like. Here are the top five things every employer should know when it comes to having an effective compliance structure in their business.
Caryn Myers is the Managing Partner at Myers Attorneys. She completed her BA Honours in Political Science at the University of Natal, and an LLB through UNISA. Caryn specializes in commercial law, with a broad range of services within the Commercial, Compliance and Empowerment law space.
She thrives on providing innovative, tailor-made solutions, based on best practice, with a full understanding of the continuously evolving regulatory and business environment she operates in.
For all businesses in South Africa, before investing in any business transaction, whether it is valued at R10,000.00 or R50...