Another example can be seen in Brazil, where companies from various sectors were impacted by investigations into corruption schemes in large infrastructure projects, affecting both their operations and their reputation in the market.
Men in suits wearing masks covering their mouths and noses, one of them is speaking into microphones, as if at a press conference
Pandemic caused political and regulatory crises. Credits: Public Photos
The role of the RIG professional in crisis management
Institutional and Government Relations professionals are on the front lines when it comes to crises caused by political and regulatory changes. They are the ones who maintain constant dialogue with government belgium mobile database and regulatory bodies, anticipating possible changes in the scenario and seeking to ensure that the company operates within legal parameters.
Crisis prevention
The preventive role of RIG professionals is essential. They act as a bridge between the company and the government, maintaining constant monitoring of political and regulatory spheres. This allows the company to always be informed about possible changes that may impact its operations.
An example of the importance of this monitoring is the case of changes in environmental policies . Companies that maintain a close relationship with regulatory bodies are able to anticipate and adapt their operations to new requirements, avoiding fines and losses.
When a crisis is already underway, the RIG professional has a strategic role in mitigating its impacts. Their role goes beyond simply communicating with the government — it involves working with other departments, such as legal, communications, and compliance, to ensure a coordinated and effective response.
This professional must also work to maintain dialogue with regulators, preventing the crisis from worsening. For example, imagine that a telecommunications company may face a regulatory investigation related to compliance issues.
In this scenario, by maintaining direct and transparent communication with authorities and regulators, the company would be able to mitigate negative impacts, demonstrating its commitment to compliance and actively collaborating to resolve the situation.