|Q: What Compliance Mechanisms Exist?|
|A: The following compliance mechanisms|
correspond to each of the "7 Steps"
toward due diligence in implementing
an effective corporate compliance program:
|Code of Conduct: |
A statement of corporate management philosophy.
|Compliance Officers and Compliance Committees.|
|Screening Applicants: Verification and |
background checks. Monitor current employees.
| Code of Conduct. Compliance Training. |
|Compliance Auditing: Risk assessment inventory; |
Forensic accounting examinations;
Neutral, independent, confidential,
external "HOT LINE" without fear
of retribution; Ombuds office.
|Establish disciplinary system to include |
types and grounds of disciplinary action.
Publish disciplinary decisions if appropriate.
|Program assessment and modification after |
an offense has been detected.
Identification of deficiencies.
|Corporate Compliance, Ltd.|
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Carmel, NY 10512
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Text copyright 1997 by William J. Richmond and Michele C. Petitt. Graphics copyright March 1997 by Michele C. Petitt and the Village Web Smiths. The Fraud Detector is a Trademark of Corporate Compliance, Ltd. The Anvil and Keyboard Logo is a Trademark of The Village Web Smiths.
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