Even
in small organizations, it is essential that there be a process to ensure corporate compliance…the risk of non-compliance is too costly and often
disastrous. Just consider all the recent news exposing non-compliance in the
auto industry. Though car defects were discovered some years ago with their
potential for injuries and even fatalities, no reports were made to the
government bodies responsible for ensuring public safety. As a result, there
will be fines and lawsuits for years to come.
Of
course, this example is extreme. But, even for privately held companies, there
are no legitimate excuses these days for not complying with regulations. You
need to have an expert on hand to filter through the ever-changing laws and see
that they are being followed. When there is a breach, you need a consistent and
accurate reporting process that may need to include the appropriate
authorities.
As
for individual employees, you can hire corporate compliance training firms to
train your managers to maintain a respectful workplace. This is the best way to
avoid harassment complaints and expensive legal costs. Corporate compliance is
not an elective…it is mandatory.
No comments:
Post a Comment