Program Oversight and Benchmarking
Under the U.S. Federal Sentencing Guidelines (FSG), an organization can be held criminally responsible and prosecuted for acts committed by employees based on the quality (or lack) of the organization’s efforts to prevent unethical behavior. Guideline §8B2.1 requires regular monitoring and auditing of your program, as well as your compliance risks and the periodic evaluation of the effectiveness of the program.
Corpedia’s Program Oversight and Benchmarking Solutions can help your organization do just that.
Functional Compliance Environment Assessment
Functional Compliance Environment Assessments are in-depth, function specific surveys targeted to mid- to senior-level functional area managers. These evaluations seek to examine the risk areas specific to functional roles and operations of your organization. Corpedia can deploy such evaluations to any function, including:
- Sales and marketing
- Executive management
Fully customizable questions evaluate respondents’ awareness of policies, procedures, and controls, the perception of their effectiveness, as well as other questions designed to detect possible misconduct and to assess the compliance environment.
In-Depth Compliance Program Assessment and FSG Benchmarking
Using a proprietary system of tools, templates, metrics, and indicators, Corpedia can conduct a comprehensive review of your organization’s current compliance and ethics program and related initiatives, and audit them against the “hallmarks” of an effective ethics and compliance program defined by the FSG, as well as corporate and industry best practices, including:
- Prevention and detection procedures
- High-level oversight
- Due care
- Training and communications
- Tone from the top
- Corporate culture
- Code of conduct and written standards
- Internal controls
- Leadership accountability
- Resources and authority
- Measurement and evaluation
- Risk assessment
- Reporting system
Upon completion of the review and evaluation of your organization’s overall compliance and ethics program, Corpedia will develop and submit a detailed report addressing several key elements, as well as a concise executive summary.
Corporate Compliance Program Design
For those organizations with a nascent ethics and compliance program, Corpedia can also assist in the design of such a program. Using our deep benchmarking information, including trends and best practices across 37 industries, Corpedia’s Advisory Services team works with organizations to develop a pragmatic, effective, and appropriate ethics and compliance program.
These recommendations will take into account the “hallmarks” of an effective compliance program as defined by the Federal Sentencing Guidelines (FSG) and the COSO framework.