Portugal. Risk & Compliance Management

Raquel Cardoso Nunes, Adriano M. Squilacce.

The growing criminal and administrative liability of legal persons and, in some cases, the personal liability of directors for acts committed within the company led to a change of direction in internal organisations in Portugal, taking advantage of the signs that courts initially gave in other jurisdictions. Since 2021, every company in Portugal that employs 50 or more individuals has been required by law to implement:

  • a compliance program targeting the potential criminal risks related to the company’s activity (Plan of Risk Prevention), in particular in what concerns preventing corruption and related activities;
  • a code of conduct;
  • a training programme; and
  • a whistleblowing channel.

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Other publications

  • Portugal. The Professional Negligence Law Review

    Go to article

    Raquel Cardoso Nunes, Adriano M. Squilacce. In The Professional Negligence Law Review, 6th ed. Nicholas Bird (Editor). London: Law Business Research, 2023

  • Emily Bradley, Raquel Cardoso Nunes, Ghislain de Foucher, Kristina Locmele, Guillaume Pellegrin, Andrea Savigliano, Christian Schmies, Birgit Snijder-Kuipers, Manuel Vélez. Finance and Capital Markets (formerly Derivatives & Financial Instruments), n.º 4, 2023

  • Emily Bradley, Raquel Cardoso Nunes, Ghislain de Foucher, Kristina Locmele, Guillaume Pellegrin, Andrea Savigliano, Christian Schmies, Birgit Snijder-Kuipers, Manuel Vélez. Finance and Capital Markets (formerly Derivatives & Financial Instruments), n.º 4, 2023

  • Emily Bradley, Raquel Cardoso Nunes, Ghislain de Foucher, Kristina Locmele, Guillaume Pellegrin, Andrea Savigliano, Christian Schmies, Birgit Snijder-Kuipers, Manuel Vélez. Finance and Capital Markets (formerly Derivatives & Financial Instruments), n.º 4, 2023