What happens in Vegas stays in Vegas, right? Not at the CEI event last week. Because many of the visitors who came by our booth were either in need of a whistleblower hotline, or were wanting to leave their current provider. It's a conversation that was communicated during some of the sessions, and a conversation we had with numerous visitors to our booth. Compliance programs, big or small, need a whistleblower program.
This year's Annual Compliance Week Conference certainly delivered with powerful insights and ideas. Taking over the main floor of the historic Mayflower Hotel, many ethics and compliance professionals were not only looking forward to networking with other industry professionals, they were eager to listen to one speaker in particular.
Ultimately it's the communities who suffer Not-for-profits are considered important by much of the population and many Canadians believe they improve quality of life. Communities rely on the hard work produced by not-for-profit organizations. Unfortunately, not-for-profit organizations are susceptible to misunderstanding of policies just like any other organization. And when policies are not administered correctly, fraud can happen. According to the 2014 Report to the Nations on Occupational Fraud & Abuse published by the ACFE, not-for-profits reported much lower median losses than their for-profit counterparts. Well this makes sense as for-profits are focused on revenue vs. community service. However, that doesn't mean that not-for-profits aren't easily harmed by fraud. Any form of misconduct can take away the focus of much needed programs to communities, as well as eliminating essential funding from governments and communities they serve. That could mean the downfall of that organization.
Ultimately It's the Communities Who Suffer Not-for-profits are considered important by much of the population and many Canadians believe they improve quality of life.
You've Heard the Slogan 'Truth in Advertising', Right? Here's the Latest 'Oops'! Anheuser-Busch, the makers of one of the country's most popular beers is under fire after a photo surfaced of a bottle of beer with the phrase "The perfect beer for removing 'No' from your vocabulary for the night".
"You have brains in your head. You have feet in your shoes. You can steer yourself in any direction you choose" - Dr. Seuss Establishing compliant and ethical behaviour among the masses, and regulating against non-compliance is a big step in the fight against fraud and abuse. All organizations have their own unique plan in operating their businesses and achieving success, but there's a similar foundation that sets the base of any effective program, in any industry.