Compliance and Ethics
In general, compliance means conforming to a rule, such as a specification, policy, standard or law. A good compliance program goes beyond narrowly following rules. A good compliance program combines values, vision, strategy and standards to promote a culture of self-governance and enhance company reputation and integrates with business operations to reach business objectives.
Seven Elements of an Effective Compliance Program*:
- Written policies, procedures, and standards of conduct
- Proper oversight of the program
- Care in delegating authority
- Meaningful training and communications
- Monitoring, auditing, and responding to reports of potential issues
- Incentives and discipline to promote and enforce standards
- Prompt responses to detected offenses and actions to prevent future offenses
RCE Services can help you create a cohesive compliance program.
*Based on the US Federal Sentencing Guidelines