Vastavuskavade

Vastavuskavade refers to a systematic set of plans and procedures intended to ensure that an organization adheres to applicable laws, regulations and standards. In Estonian regulatory and corporate governance discourse, the concept encompasses the design, implementation and ongoing monitoring of controls, training, documentation and reporting necessary to demonstrate compliance.

Typical components include scope and regulatory mapping, risk assessment, control activities, roles and responsibilities, change management, training, monitoring and auditing, incident management, corrective actions, and management reporting.

Implementation follows a lifecycle: statement of requirements, development of the vastavuskava, deployment across business units, testing and validation, monitoring, and periodic review. It often aligns with international frameworks such as ISO 37301 (Compliance management systems) and COSO principles, though adapted to national laws.

Applications are widespread across sectors like finance, healthcare, manufacturing and public administration to manage areas such as data protection, anti-money laundering, patient privacy, product safety and environmental obligations. Benefits include improved regulatory reliability, risk control and accountability; challenges include resource demands and keeping up with evolving rules.

See also: compliance management, risk management, internal control.