Compliance Matters #10 | Lourdes Centeno | Podcast IE University & Elecnor

Our host, Enrique Aznar, academic director of the IE-Elecnor Observatory on Sustainable Compliance, talks with Lourdes Centeno about her experience at EY Abogados helping companies in the development and implementation of corporate governance.

Lourdes Centeno asserts that companies have always played a fundamental role in the economy and society; they are actors in production, job creation, and innovation. She also believes that the world is changing the paradigm and the role of the company in society. “It is no longer just an economic relationship based on income and profits; now society demands that companies play a role in transformation and social change,” says Lourdes Centeno.

The episode also discusses the cost involved for companies in implementing this transformation, and Lourdes Centeno ensures that being aligned with ethical values and sustainability is a current and future competitive opportunity. “If they do not generate trust among their stakeholders, they will not succeed (…) consumers are also demonstrating ethical patterns.”

Today, the role of the Chief Compliance Officer (CCO) is not seen as a police officer within the company, but rather as a compliance watchdog. Lourdes Centeno explains that this figure must be true to the ethics of compliance, accompanying the development of business activities and helping to anticipate future risks while promoting a culture of respect and alignment within the organization.

Finally, Lourdes Centeno reflects on business ethics: “A company is not just a business; it is a community of people, and the decisions made impact all individuals and stakeholders (…) An unethical company cannot be a good company.”

For more information about our observatory, here.

 

*Compliance Matters: We care about sustainable future.*

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