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May 2009 — As companies across America receive the gift of federal bailout dollars, they also receive the burden of increased scrutiny of their practices. New regulations and greater fines are headed your way – can your compliance program keep up? |
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12 Hot-Button Issues for 2009
Already heavily regulated, the automobile industry can expect increased scrutiny from regulators as federal bailout dollars make their way out into the economy. Scrutiny will also come from lenders, tired of losing money on bad deals, as well as consumer activist groups looking to advance their issues. From F&I to advertising to spot delivery, find out just how broadly your dealership will be under the microscope.
F&I Management & Technology
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Congress Mulls Significant Expansion of the False Claims Act
Originally a Civil War-era statute, the False Claims Act (FCA) was significantly revised in 1986 to protect whistle-blowers who disclose activities at their companies that may defraud the government. Now this unfamiliar act is at the forefront again as federal bailout money is injected into the economy with a need for greater visibility. Every entity that does business with the federal government (or does business with another company that does business with the federal government) is potentially the target of an FCA lawsuit. It is critical that companies take proactive steps to minimize their exposure to FCA lawsuits, such as setting up rigorous compliance programs, employee outreach programs, and putting structures in place to address potential areas of exposure.
Metropolitan Corporate Counsel
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Practical Pandemic Preparation
Fisher & Phillips, LLP is providing essential information that all employers need in order to prepare for an influenza pandemic. This article includes strategies for minimizing risk of exposure, links to Department of Labor (DOL) and Health Human Services (HHS) websites, as well as a detailed checklist to help employers take proactive and preventive measures before its too late.
Fisher & Phillips, LLP
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Group 1 Automotive Achieves 98% Compliance Level in a Matter of Days Using Compli's Pre-loaded "Red Flags" Legal Content
Group 1 Automotive of Houston, TX, a Fortune 500 automotive retailer and one of the nation’s top five dealership groups, is saving time and money by using Compli to automate compliance with the Red Flag Rules.
Faced with the challenge of managing best practices, risk and liabilities across 100 locations throughout the US, Group 1 Automotive was able to rapidly distribute its Red Flags Program, Policies, Trainings, and Incident Report Forms, while centrally monitoring compliance across their entire dealership in real-time with clear dashboard reports in a matter of days.
"Within two weeks of the program rollout, we obtained 98% compliance with all mandatory Red Flags compliance material and were able to print a detailed report summarizing this activity for our Board of Director's Meeting," said Brooks O'Hara, VP Human Resources, Group 1 Automotive. "That is a level of efficiency and clarity we had never been able to accomplish with paper based processes."
To hear how Compli helped Group 1 Automotive meet their Red Flags challenges click here. |
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Beware of the “Stealth Hard Market”
Compli’s insurance cost containment partner, The Austin Consulting Group, has noticed a growing but hidden expense they are calling the “Stealth Hard Market.”
Insurance rates are going down for garage and auto inventory insurance, but premiums per employee are remaining stable, giving the illusion of holding the line on insurance costs for dealers. Now with employee downsizing and auto inventory reductions, some carriers are raising insurance rates without dealers realizing it.
If you are interested in learning more on how to avoid this “Stealth Hard Market,” please contact Roger Beery, ACG President directly at (720)-528- 8900, ext 11 or email him at rbeery@austincg.com.
Complimentary Fisher & Phillips, LLP Webinar: Preparing the Workplace for a Flu Pandemic
As the H1N1 flu strain, commonly called the Swine Flu, expands across the globe, employers should not panic, but should prepare in a measured fashion for its impact on the workplace. Proper planning for the employment challenges will be essential to avoid disruption of operations. There are many practical and legal steps employers should take now to help reduce the impact and to continue operating. Improper responses can run afoul of a host of legal schemes. Should the current flu prove to have a mild global effect, employers should use this current alert as an opportunity to prepare for future pandemic threats, as well as natural disasters and other emergencies disrupting the workplace. The attorneys in the Workplace Safety and Catastrophe Management Practice of Fisher & Phillips, LLP will guide you through the various legal and practical issues and how to address them.
Friday, May 12, 2009 at 3:00pm EDT (12:00 pm PDT)
Visit www.laborlawyers.com to register.
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Copyright ©2009 Compli.
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