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Corporate Compliance Insights Spotlight |
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Written by CCI
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Wednesday, 02 September 2009 16:29 |
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These stories are courtesy of our colleagues at Corporate Compliance Insights:
- The Wrong Action for the Right Reasons?
"Twice in the last month, workers at retail-oriented companies have foiled thieves trying to steal goods, and been fired for it. First, a teller at a Key Bank branch in Seattle chased a man who tried to rob the bank, and then held him in submission until police arrived. Several weeks later, a shop-lifter at a Best Buy in Broomfield, Colo., ran off with some electronics; two clerks ran after him and tackled him in the parking lot. All three men showed impressive bravery. They also violated company policy about handling thieves, and are now on the unemployment line.
This should be a compliance officer’s nightmare. If it isn’t—if you see those terminations as black-and-white decisions, easy to make—you’re not doing your job thoughtfully.”
- Effective Corporate Compliance Programs
"The benefits of a strong program go well beyond regulatory and legal compliance to also include operational benefits. A well-balanced corporate compliance program will help ensure that a company’s organizational structure, people, processes and technology are working in harmony to manage risks, keep customers happy, grow the business, oversee vendors, and achieve numerous other goals. Perhaps many of the recent company disasters could have been diverted with a robust program. It is always easier to look back on history and play “arm-chair-quarterback”, but the beauty of a strong program is that it is proactive to divert failures and realize success. This article identifies several elements of successful corporate compliance programs."
Further details and links to the stories are available at Corporate Compliance Insights.
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