Compliance, Ethics and our Policies
Risk management is essential for companies as it upholds reputation, ensures regulatory compliance, and strengthens financial stability. It enhances decision-making through valuable insights, supports business continuity and encourages innovation and growth by enabling calculated risks. Ultimately, it is essential to a company’s overall health, sustainability, and success, allowing it to navigate uncertainties and seize opportunities with control and confidence.
House of HR is a highly entrepreneurial Boutique holding. We foster the entrepreneurial spirit of our companies and our Happy Rebels. Yet, being entrepreneurial and innovative does not exclude risks at different levels. Managing these risks is essential to help us achieve our long-term strategy. A strong risk framework aims at defining the risk boundaries and steering activities in such a way that House of HR can focus on sales, achieve its long-term targets and safeguard its continuity.
That is why we have implemented a Governance and Enterprise Risk Management Programme (GERMP) to ensure strong, credible, effective, and sustainable enterprise risk management across the Group. The GERMP is owned from the top and runs throughout House of HR, with strong commitment and active support from Group management. Every PowerHouse CEO appoints a Risk Management Correspondent (RMC) who is the key point of contact between House of HR and their PowerHouse. They are working closely together with the Group Risk and Sustainability department to attain reliable and qualitative results, and to benefit from best practices.
Dealing with risk management is clearly something that involves all individuals in the Group. However, we outsource the execution of the Internal Audit Plan to an external partner. In addition, we work together with an external expert, the Group Insurance Broker, to handle insurance matters.
Emerging topics
AI ethics
At House of HR, we believe that artificial intelligence should be developed and used responsibly, transparently, and with respect for human rights. That is why we have established a comprehensive AI ethics policy that outlines our commitment to fostering responsible, ethical, and transparent practices in the development, deployment, and utilization of AI technologies.
Our approach to AI ethics is guided by principles of fairness, accountability, and explainability. We are committed to ensuring that our AI systems are designed to support human well-being, free from bias, and aligned with relevant legal and ethical standards, including the EU AI Act. By prioritizing ethical innovation and fostering transparency, we strive to deliver AI solutions that are trustworthy, inclusive, and beneficial for all.
IT security and data protection
House of HR takes its responsibility as safeguard of personal data very serious. IT risks are abundant and increasing. The risks of cyber-attacks, phishing, data fraud or theft, privacy and data protection could lead to serious operational disruption, reputational damage and legal penalties.
To protect the Group against those threats, the information security strategy, with a strong visibility on all components of the IT environment is a key priority. Through a stronger security posture at Group level by further finetuning the detection capabilities, aligning the defense strategy, and adding additional structural resilience capabilities to the companies’ platforms, this enables us to guarantee information security, data protection and compliance for all our core systems
Governance policies
Effective governance policies serve as the cornerstone of a well-functioning and ethically sound organisation. These policies define the framework and minimum requirements within which a company operates, establishing guidelines for decision-making processes, accountability, and transparency. By articulating the roles and responsibilities of key stakeholders in our governance policies we aim to contribute to the alignment of organisational objectives with ethical considerations and legal compliance.
Robust governance policies not only enhance the reputation of a company but also instill confidence among investors, stakeholders, and the wider community. They create a structured environment that supports sustainable growth, ensures regulatory adherence, and helps in navigating the complexities of the business landscape. In essence, governance policies are fundamental instruments that safeguard the interests of all stakeholders, promoting long-term stability, ethical conduct, and the overall success of our Group.
In this respect we have formalised several Group compliance policies: procedures on House of Support level, to be implemented by all PowerHouses within the Group. In addition to House of HR’s compliance and ethics rules, every Powerhouse is responsible for their own policies relating to their sector and local legislation.
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