How do you know if your compliance program is working? While one aspect is managing compliance incidents, another critical metric to look at is whether the program is also preventing incidents from occurring. That’s a difficult thing to measure, since the vast majority of employees are unlikely to report violations that they didn’t commit.
The Society of Corporate Compliance and Ethics (SCCE) just published their 2016 Compliance Effectiveness Survey. Not surprisingly, the data shows that companies with compliance programs in place are moving the needle on incidents caused by non-compliance. Here are a few of the most interesting stats.
Last week I wrote about how excited I am to join the other “cool kids” for SCCE CEI. The post started a conversation in our office and grew on LinkedIn – about cool kids and getting a seat at the lunch table. Someone then brought up the new app called “Sit With Us” that was […]
Thoughts on the recent SCCE Compliance and Ethics Institute Four years ago, I thought I knew everything about corporate compliance, and would have been happy to tell you about it whether you asked or not. Now, four years removed from my first trip to the Compliance and Ethics Institute, I’m struck by how much has […]
TGIF! The weekend is upon us. To round out Compliance Week, we’ll discuss how to transform monitoring from “have-to-do” to a strategic part of your organization’s processes.
No, the title isn’t a “play on words.” It’s a best practice that Matt Kelly of Compliance Week discussed in his blog post, Policy Management Best Practice. For instance, one professional said all of her organization’s policies must be two pages or less. The idea, of course, is to make the policy writer stick to […]
With today’s diverse workforce, employers tend to over train the workforce on everything to cover their bases rather than pick the pieces each individual needs for their job. If employees fail to see how your training or education programs apply to them, their focus may shift elsewhere.
You don’t have to peruse many headlines to find examples of third party vendor compliance infractions and the repercussions that follow. This litany of transgressions is bringing forth an increased focus on regulations, enforcement and a new definition of what is expected. Whether it is the Consumer Protection Act (Dodd-Frank Act), the Foreign Corrupt Practices […]
I recently attended the SCCE Utilities & Energy Compliance & Ethics Conference in Houston, TX. “Cutting-Edge Third Party Risk Management” was one of the breakout sessions. The presenters, Flora A. Francis and Andrew Baird of GE Oil & Gas, made a point of stating that a formal, dynamic compliance program designed around third party vendor […]
I spent a few days at the Utilities & Energy Compliance & Ethics Conference in Houston, TX, last week- a terrific SCCE event. I was struck by the struggle that many compliance professionals face in ensuring risks are effectively mitigated, while not making the necessary activities of compliance a total downer for the organization. It […]
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