Careful what you tweet, like, share, comment on, post, pin and reply to... ! Having a corporate compliance program is crucial in today’s highly regulated business environment. An effective compliance program is an important ingredient of an organization’s internal controls, and is an important component to detecting and preventing any type of violation. Compliance programs should be adapted to an organization’s specific industry business, and risks. Nexgate, a pioneer in social media security and compliance, analyzed 32,000+ social media accounts of Fortune 100 firms.
Running an Ethical Business Is Central to Attracting and Retaining Top Talent Between February 5 and 23, Ernst & Young conducted a survey of of 1508 employees in large companies in 14 AsiaPAC countries. Their findings showed that fraud prevention is no longer limited to being a legal and compliance issue.
Slowly, companies seem to be learning that awareness is a better long-term strategy than compliance. The bottom line is that you should want to know what’s happening in your own company. These words are so true!
It's not over until... well it's never over! I came across a blog post that warrants repeating - after an investigation, it ain't over! If you were to fill your car up with gas, oil, and other plethora of liquids to make it run smoothly, would you consider it 'job done'? If you plant a new tomato plant this spring, would you water it, then walk away? Cars need maintenance to run for many years, and if you really want great tomatoes, they need lots of love. The job is never done! The same applies to workplace investigators. Many may assume that once they uncover facts, prepare reports, and report their findings, their job is done. This is actually not the case. This is the perfect time to promote compliance, reinforce it's relevance in the organization, and learn from past mistakes to create a stronger work environment and culture. So here's what you should do to keep the process going and help nurture the organization:
It's Not Over Until... Well It's Never Over! I came across a blog post that warrants repeating - after an investigation, it ain't over!
How Strong Is It and Will It Stand up to Regulators? The below article is from the Corporate Compliance Trends blog, and seems to have made its way around the blogosphere. And for good reason, it just makes plain sense. It stresses the importance that one of the best ways for an organization to be a player in the global economy, is to hire a compliance officer and give him or her the responsibility, authority, and independence to implement an effective compliance program. If a company wants to play in the same playground with the big kids, then a strong compliance program is going to be the best way to do it.