Compliance Officers
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Activity:
47 views;
last activity : 07 06 2010 20:18:09 +0000
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Attitude of Top Management
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Standard & procedures
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Educating
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Reporting
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By using performance measures.
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According to me the attitude of Top Management plays crucial role in implementing the effective ethics and compliance in the company. As they are the policy makers and they define the rules for internal ethics and working culture and compliance. If the tope management is concerned about the ethics and compliance it will enter in the nerves of all employees and concerned of the company and then a standard will be created and everybody will follw the same. |
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yes, i like this, rather i will say Commitment from the Top of the Organization is important for this
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This is a very important factor the Standards and Procedures are crucial, the company’s ability to create a culture of integrity is to communicate it's employees the standards and procedures to which they should obey. Organizations are urged to develop and distribute these standards and to further communicate their high importance. Today, these standards are commonly called as organization’s Code of Conduct. They are the expression of expected behaviors, and often become a key element in the evaluation of employees. So this is important.......
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Through measures should be taken that they completely understand the code of conduct at the organization, Employees just think it is just a piece of paper and ignore it. so it should be made sure that properly educating them and giving training on this is regard is very important...
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According to me this is a very important factor, each and every employee has the power to join the compliance team where he or she can help the company, organizations should create a reporting structure where without fear an employee raises question against allegation or concerns without fear of retaliation... This sort of culture should be developed for a company to have a good reputation.......
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Monitoring and maintaining compliance is one of the most important ways an organization promotes its values, sustains a positive ethical climate and supports its long-term prosperity. Studies suggest that companies with a reputation for responsible conduct attract and retain the best employees, customers, partners and investors - yielding long-term, sustainable competitive advantage. To enable this success, leading companies are employing methods to measure the performance of their ethics and compliance programs. Accurate, timely performance data allows organizations to view the current state of their efforts, enables executives to gauge their programs’ impact on business performance and provides compliance managers with fact-based insight to continually improve and strengthen their initiatives. |
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