“Failure to comply with laws and regulations results in some pretty hefty costs to your company. Some people question whether or not investing in an ethics and compliance programs is worth it. In my opinion- I think the answer is pretty obvious. With the newest round of amendments to the US Federal Sentencing Guidelines coming into effect today, the recent passing of Ontario’s Bill 168 and other legislation, companies are more liable than ever before. The costs of staying on top of your company’s ethics and compliance program are much less than the growing costs of noncompliance, as seen with the increasing number of record-breaking fines that have been handed out this year.”
“Yesterday I wrote about 5 costs your company saves by making an investment in ethics and compliance: reputation, productivity, fines and legal fees, employee turnover and liability. Today, I’ve added 5 more costs companies save by taking a proactive approach to the issue. Taking a proactive approach to ethics and compliance just makes sense. As executives continue to worry about the bottom line, ethics and compliance cannot be ignored and brushed off as an unnecessary expense- it’s an investment and prevents the company from incurring even larger costs down the road. The 5 points outlined below were raised by David Griffin of HR Proactive during a seminar I attended last week here in Ottawa.”
“Over the next few years, there’s one trend that will be common in many organizations: out with the Boomers and in with the Millennials. The generation gap between the two groups raises a number of security and privacy risks, mostly because of social media and differing opinions about sharing information. Social media can help strengthen relationships with the public and bring value to a company by addressing customer concerns. When used properly, social media can provide your company with a ton of benefits- it just requires some work. Here are some tips for developing a social media policy and making sure private company information stays private.”
“You don’t really need to be Sherlock Holmes to conduct a thorough investigation interview, but it won’t hurt to channel your inner detective. Fraud investigation interviews require a lot of work, but can take your investigation from ho hum to awesome. In order for the interviews to be successful, you need to remember that they aren’t just question and answer periods. Asking good questions is only a piece of the puzzle. To get the most out of your fraud investigation interviews, remember these 5 important steps.”
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