Foreign investor whose name cannot be disclosed in accordance with the NDA
In 2010, a compliance request was received from a foreign client. The purpose of the compliance check was the activities of the subsidiary in Ukraine: assessing the existing fraud risks, the quality of control systems and preparing recommendations to minimize risks and improve control systems.
Otten Consulting experts identified the main risks for some important business processes (info provided partially only):
risks of fraud when choosing suppliers;
increased risk when working with carriers;
shortcomings in working with debtors and lack of transparency in calculations;
high dependence of business on personal relations and agreements of the hired director;
management risks (manual control).
As a result, a detailed report was provided and the necessary meetings were held in order to get out of the current situation, several scenarios for getting out of the current situation and the risks associated with each scenario were provided. Due to the presence of significant risks to the company’s reputation abroad, our client decided to sell the business. Otten Consulting experts consulted the client in the process of completing the transaction and subsequent payments.
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AGREEMENT ON PERSONAL DATA PROCESSING
We are glad to welcome you on our site! We offer the Agreement on personal data processing to your attention.
Attention!
For the reasons of economic, organizational, and sometimes legal nature, the Agreement is periodically updated. The Site Administration has no opportunity to send to the users the notification of such changes, so we strongly encourage you to visit this page and periodically to check if the information appears that contradicts your beliefs and principles.
If you as a User do not agree with the changes, you have the right to refuse access to the Site and to terminate the use of its materials.
If you consider that the Agreement or our actions as Site Administration violates your rights, do not keep silence, and send an email to info@otten-consulting.de
The terms used in this Agreement:
A site is a collection of texts, graphic elements, design, images, software code, photo and video materials and other intellectual activity results that are placed on the Internet under the domain name otten-consulting.de.
The Site Administration is a person who owns the rights to administer the Site.
User is any person who has logged on to the Site and has accepted the terms of this Agreement, regardless of the fact of registration and authorization procedures.
Use of personal data
The purpose of processing personal data: providing a client, a subscriber of individualized information services, in particular the use of his data for registration on the Site, registration for the activities of the Site, e-mail newsletter.
The processing is subject to the following personal data:
Surname, name, patronymic name of the User;
The User's electronic address;
Telephone number of the User.
By accepting the terms of this Agreement, the User consents the Administration of the Site to the processing of his personal data.
The processing of personal data implies the following list of actions with personal data:
collection
record
systematization
accumulation
storage
clarification (update, change)
extract
use
transfer (distribution, granting of access)
depersonalization
blocking
removal
destruction of personal data.
Transfer of personal data to third parties:
The Company undertakes not to transfer your personal data to third parties and to ensure their preservation and confidentiality.
Terms of processing and storage of personal data:
This Agreement on personal data processing is valid indefinitely, but may be withdrawn by the subject of personal data on the basis of a personal application sent by e-mail to the Administration of the Site.
By accepting the terms of this Agreement, the User agrees to receive an advertising newsletter (in e-mail format) by e-mail.
The Site Administration is obligated to use the User's personal data received as a result of the use of Site in accordance with the requirements of the legislation on the protection of personal data of Ukraine, in particular the law "On Protection of Personal Data" (VVR), 2010, No. 34, Art. 481 in the edition applicable at the time of processing such personal data.
