In a recent report published by the Society for Corporate Compliance and Ethics in conjunction with NYSE Government Services entitled “Compliance & Ethics Programmes Environment Report” there were a number of interesting findings as follows:
56% indicated that the Chief Compliance Officer or the Chief Ethics Officer is generally appointed to oversee compliance
79% of the respondents have a Compliance & Ethics programme
93% of the respondent have a published code of conduct
93% of the respondents did background checks on employees and those who supply the business
only 37% of the respondents tracked gifts and entertainment
96% of the respondents to training but a large majority struggle to get completion of training by employees
95% of the respondents use monitoring to track compliance and 62% of those use third party vendors to manage such monitoring
the top five investigations are discrimination, conflict of interest, breaches of information, fraud and workplace safety
over 70% of the respondents have formal policies for harassment, discrimination, privacy and information security
less than 50% have formal policies for anti-bribery, intellectual property, anti-trust and money laundering.
This article was written by Robert Bond.
For more information contact Robert on +44 (0)20 7427 6660 or firstname.lastname@example.org