Key Event for Corporate Sustainability
Aware of the regulatory proliferation emanating from the European Union, which coexists with national regulations. PKF Attest organized last Friday January 24 an event at the Congress of Deputies entitled Regulation and the Economy: Regulatory Anticipation, Key to Business Success and Sustainable Development.
A space for reflection and analysis
The objective of the session was to provide a comprehensive view on the importance of anticipating regulations and public policies, positioning this approach as a key strategic advantage for the success and sustainability of companies. In a global context where regulations are constantly evolving from different areas and in too many occasions these regulatory standards do not respond to market needs, it is essential that companies not only adapt to these changes, but also anticipate and prepare for them.
The event was attended by important people from the economic and business panorama, including representatives from Iberdrola, aelèc, Stanpa - National Association of Perfumery and Cosmetics, Garrigues and Cariotipo, among others.
On behalf of PKF Attest, Santiago González Barrau, Tax Partner, and Elisa Gil Martínez, head of the Regulation and Public Policy area, participated. In addition, the day was opened by Teófilo de Luis, from the Association of Deputies and Senators, and Susana Rodríguez, Vice President of the British Chamber of Commerce in Spain.
Download the full report of the conclusions of the conference
Regulation and the economy: regulatory anticipation, key to business success and sustainable development
A complete detailed document with all the conclusions drawn from this day with the key points discussed.
Diagnosis, responses and conclusions in a situation of changes in the economic regulation of companies.
Main conclusions of the day
Diagnosis
During the event, several challenges derived from the regulatory proliferation in Spain were identified, where European, national, regional and local regulations coexist. This complexity generates a bureaucratic web that can slow down economic activity and negatively affect investment projects.
It was noted that, on many occasions, regulatory norms do not respond to the needs of the market or of the companies, creating an environment that is not very favorable for business development. In addition, the disparity of regulations according to the geographic scope of application forces companies to generate warning structures to mitigate possible negative impacts on their interests.
Another relevant point was the need for regulation aligned with clear and stable objectives, avoiding excessive regulation that limits the competitiveness of companies in the global market. The quality of the regulation and its terminological precision were also pointed out as key factors in avoiding litigation and promoting legal stability.
Reply
Against this backdrop, the importance of anticipation and prior knowledge of regulatory action was stressed. The need to create an opinion on possible regulations, both in the public sphere and among policy makers, with a technical and strategic approach, was stressed.
Constant communication with the executive and legislators is essential in order to illustrate the negative effects that a regulation may have on the affected sector. The need to reflect on regulatory expansion was also raised, ensuring that new regulations do not move away from the general interest and allow for sustainable development of the business fabric.
Conclusion
The event highlighted the importance of regulation as a key determinant of economic and business success. Businesses need to take a proactive approach to regulatory change, anticipating and engaging in constant dialogue with policy makers. Collaboration between the private and public sectors is key to building a regulatory framework that is conducive to investment, growth and economic sustainability.
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