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Why leading retail firms rely on GAN Integrity

GAN Integrity is how compliance teams at retail firms get the tools and expertise to stay ahead of risk. With less effort and more reach, you finally get a better way to do your good work. With less effort and more reach, you finally get a better way to do your good work.

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See everything – Gain a comprehensive view of overall risk and compliance in one centralized platform for more effective program management.

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Adapt to anything – Leverage dynamic workflows and integrations to stay ahead of regulatory changes and evolving program requirements, all without heavy lifting or expense.

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Get all the help you need – Receive dedicated support from GAN Integrity’s team of experts.

Compliance challenges for the retail industry

Compliance officer challenge

As a compliance professional in the retail industry it can feel like you’re facing an unfair fight. You are tasked with navigating a maze of regulations from agencies like the FTC and FDA, and laws like GDPR. Key areas of focus include product safety, sustainability, and data privacy.

Retail organizations face unique compliance challenges, including ensuring product safety and quality, adhering to labor laws, managing a vast network of suppliers, and keeping up with consumer protection regulations. The emphasis on sustainability and ethical sourcing requires monitoring the environmental and social impact of your supply chain.

Building a strong ethical culture and acting with integrity is crucial. This involves implementing robust compliance policies and training programs, managing conflicts of interest and gift disclosures, ensuring third parties meet your ethical standards, and continuously monitoring changes in their risk profiles.

Key areas of compliance in retail

Retail companies are complex enterprises. There’s many areas of compliance, ethics, and risk that need to be managed, spanning everything from Environmental, Social and Governance (ESG), to Data Protection, to Anti-Bribery And Corruption (ABAC). These include:

  • ABAC Compliance: Upholding anti-bribery and anti-corruption (ABAC) laws such as the Foreign Corrupt Practices Act (FCPA) and the UK Bribery Act.
  • Data Protection: Safeguarding customer and employee information and ensuring compliance with data privacy regulations including GDPR and CCPA.
  • Supply Chain Transparency: Ensuring suppliers and partners comply with relevant laws and standards and maintaining visibility into the entire supply chain.
  • Ethical Sourcing: Implementing ethical sourcing practices to meet consumer and regulatory expectations.
  • Product Safety: Ensuring all products meet safety standards and are safe for consumer use.
  • Sustainability: Adopting sustainable practices in sourcing, production, and distribution to comply with environmental regulations.
  • Third-Party Risk Management: Ensuring that third parties, suppliers, and partners comply with relevant laws and standards.
  • Financial Reporting: Maintaining accuracy and transparency in financial dealings.
  • Conflict of Interest Management: Ensuring potential conflicts are disclosed and managed to uphold ethical standards.
  • Training: Educating employees about compliance requirements and ethical conduct.

Steps to achieving compliance in the retail industry

Achieving compliance in any organization involves a series of strategic steps:

Compliance in the Retail Industry

1
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Risk Assessment

Identify potential compliance risks specific to your retail operations.

2
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Objective Setting

Define clear compliance goals that align with your operational objectives.

3
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Documentation

Maintain thorough records of compliance efforts and decisions.

4
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Training

Educate employees about compliance requirements tailored to the retail industry.

5
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Monitoring and Auditing

Regularly review compliance status and adjust practices as needed.

6
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Reporting System

Establish clear channels for reporting issues and disclosures.

7
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Issue Response

Quickly address non-compliance issues to prevent disruptions.

8
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Continuous Improvement

Regularly update compliance practices to stay ahead of regulatory changes.


GAN Integrity for Retail Companies

GAN Integrity helps technology companies navigate these challenges with a unified, easy-to-use compliance platform that organizes requirements, automates tasks, and provides powerful reporting, making it easier for you to do your good work. With GAN Integrity, compliance teams can see everything, adapt to anything, and get all the help they need.

Disclosure Management

Consolidate your disclosures for conflicts of interest, gifts, travel, entertainment, and political and charitable donations or contributions. Capabilities include:

  • Policy management: Develop and enforce comprehensive disclosure policies. Educate and engage your workforce with targeted training and policy attestations.
  • Flexible disclosure process: Simplify the submission of potential conflicts of interest with user-friendly forms, ensuring easy access for employees.
  • Automated approvals and reviews: Enhance compliance with automated approval and review workflows. Quickly escalate notifications to relevant stakeholders to address potential risks.
GAN Integrity Disclosure Management

The GAN Integrity Platform means all your compliance and ethics programs can be managed in one place - now that's better.


Ready for better? Receive a personalized demo.

Schedule your personalized demo of our solutions to start your journey toward a better way to unify ethics, compliance, and risk management across your enterprise.

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