Day 21 of One Month to More Effective Continuous Improvement-Code of Conduct

Thomas Fox - Compliance Evangelist
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Continuous improvement also requires you to consider the backbone of your compliance program, your written Code of Conduct, policies and procedures. Under Prong 9, in the Department of Justice’s Evaluation of Corporate Compliance Programs, it states, Evolving Updates – How often has the company updated its risk assessments and reviewed its compliance policies, procedures, and practices? What steps has the company taken to determine whether policies/procedures/practices make sense for particular business See more +
Continuous improvement also requires you to consider the backbone of your compliance program, your written Code of Conduct, policies and procedures. Under Prong 9, in the Department of Justice’s Evaluation of Corporate Compliance Programs, it states, Evolving Updates – How often has the company updated its risk assessments and reviewed its compliance policies, procedures, and practices? What steps has the company taken to determine whether policies/procedures/practices make sense for particular business segments/subsidiaries?

Moreover, under Prong 4, the Evaluation considers not only the design of your Code of Conduct but its accessibility with a variety of questions and factors. These include what was considered for your Code of Conduct, how the Code improvement was implemented, whether the gatekeepers were consulted and most importantly whether they bought into the entire process. Finally, is your Code accessible to all employees. See less -

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