Open AccessImplementation of the compliance system in the activities of agricultural enterprises in Ukraine: prerequisites and main aspects
Author(s) -
Maryna Dubinina,
AUTHOR_ID,
Іryna Ksonzhyk,
Svitlana Syrtseva,
Yuliia Cheban,
Olha Luhova,
Тетяна Сергіївна Пісоченко,
AUTHOR_ID,
AUTHOR_ID
Publication year - 2021
Publication title -
research for rural development/research for rural development (online)
Language(s) - English
Resource type - Conference proceedings
eISSN - 2255-923X
pISSN - 1691-4031
DOI - 10.22616/rrd.27.2021.027
Subject(s) - swot analysis , business , ukrainian , agriculture , compliance (psychology) , process (computing) , order (exchange) , control (management) , investment (military) , industrial organization , risk analysis (engineering) , finance , process management , marketing , computer science , psychology , ecology , social psychology , linguistics , philosophy , artificial intelligence , politics , political science , law , biology , operating system
The article defines the prerequisites and main aspects of implementation of the compliance system in activities of agricultural enterprises in Ukraine. It has been established that the compliance system for Ukrainian agricultural enterprises is completely new, and there are practically no procedures for its formation and functioning. Using SWOT analysis matrix, strengths and weaknesses, opportunities and threats of the compliance system for Ukrainian agricultural enterprises have been identified. It has been established that the agricultural business is able to ensure the implementation and operation of the compliance system, which is focused on international compliance values. An algorithm for introducing a compliance system into the activities of agricultural enterprises has been proposed. Its implementation and observance will allow agricultural enterprises to minimize compliance risks, ensure their financial stability and innovative development, increase trust of customers, partners and investors to be competitive both in the domestic market and external one. It has been determined that compliance risk management is a cyclical process, whose main goal should be to minimize the identified risks using the development and implementation of appropriate control procedures and measures. In order to minimize compliance risks arising in the process of relations between agricultural enterprises and counterparties, an organizational model of their management has been proposed. The application of the methodological approaches presented in the model will allow agricultural enterprises to establish working relationships with counterparties, including foreign ones, and in the future to attract foreign capital and investment in their activities.