Category: Risk & Compliance

A Chief of Staff in Sweden must have a good understanding of several key laws and regulations regarding risk and compliance. Among the most important are the Companies Act, which regulates the board and management’s responsibility for internal control and risk management. The Working Environment Act and the MBL require the employer to adapt the work environment and consult with trade union partners during major changes, which means that the CoS must involve safety representatives and trade unions when introducing new compliance or monitoring systems. The Data Protection Act (SFS 2018:218) and GDPR impose high requirements on the handling of personal data, with the CoS responsible for ensuring lawful processing, conducting impact assessments (DPIA) and reporting personal data incidents to IMY. The Money Laundering Act (2017:630) requires risk-based procedures, training and reporting to the Financial Supervisory Authority. The Whistleblower Act (2017:630) requires secure and accessible reporting channels for whistleblowers. CoS must also comply with the Financial Supervisory Authority’s regulations on insider trading and AML, and ensure that the organization meets the requirements of the Swedish Corporate Governance Code, including reporting on internal control and risk management in the annual report.